Income Taxes

6 Months Ended

Sep. 28, 2019

Income Tax Disclosure [Abstract]

Income Taxes

11. Income Taxes

For the three months ended September 28, 2019 and September 29, 2018, the Company recorded $7.5 million and $5.8 million of income tax expense and had an effective tax rate of 29.8% and (8.2%), respectively. For the six months ended September 28, 2019 and September 29, 2018, the Company recorded $14.2 million and $9.3 million of income tax expense and had an effective tax rate of 28.7% and (13.5%),  respectively. The change in the effective tax rate for the three and six months ended September 28, 2019, compared with the same respective periods of the prior year, was primarily due to costs related to the Exchange for which no tax benefit could be recognized.

The Company’s effective tax rate for the three and six months ended September 28, 2019 differs from the federal statutory income tax rate of 21.0% due primarily to the effect of non-deductible expenses, state and local income taxes and results in foreign jurisdictions. The Company’s effective tax rate for the three and six months ended September 29, 2018 differed from the federal statutory rate primarily due to the effect of non-deductible expenses, state and local income taxes, one-time charges related to the Exchange and results in foreign jurisdictions and non-taxable entities.

During the six months ended September 28, 2019, the Company’s uncertain tax position did not change. During the six months ended September 29, 2018, the Company’s uncertain tax position decreased by $0.4 million due to expiration of certain statutes of limitations. The Company estimates no material changes to uncertain tax benefits in the next twelve months. The Company records interest and penalties related to uncertain tax positions as a component of income tax expense. Net interest and penalties for the periods presented herein were not significant.