Income Taxes

3 Months Ended

Mar. 30, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For the three months ended March 30, 2025, we recognized income tax expense of $10.1 million, representing an effective tax rate of 16.3%. For the three months ended March 31, 2024, we recognized income tax expense of $8.4 million, representing an effective tax rate of 18.3%.

The effective tax rates were primarily impacted by the effect of our foreign operations, including statutory tax rate differences and foreign tax credits. The Organization for Economic Cooperation and Development is actively implementing changes to existing tax laws, including a global minimum tax of 15% which went into effect in 2024. This legislation has not materially impacted our provision for income taxes, but we will continually monitor and evaluate the potential impact on the countries in which we do business in future periods.