XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes
6 Months Ended
Jun. 26, 2021
Income Tax Disclosure [Abstract]  
Income Taxes

7. Income Taxes

 

The Company recorded income tax expense of $55,062 in the 13-week period ended June 26, 2021, compared to income tax expense of $13,412 in the 13-week period ended June 27, 2020. The effective tax rate was 14.8% in the second quarter of 2021, compared to 6.8% in the second quarter of 2020. The increase was primarily due to a decrease in uncertain tax position reserves released in the 13-week period ended June 26, 2021 compared to the year-ago quarter.

 

The Company recorded income tax expense of $85,548 in the first half of 2021, compared to income tax expense of $29,866 in the first half of 2020. The effective tax rate was 13.7% in the first half of 2021, compared to 8.0% in the first half of 2020. The increase was primarily due to a decrease in uncertain tax position reserves released in the first half of 2021 compared to the first half of 2020.