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Income Taxes
9 Months Ended
Sep. 25, 2021
Income Tax Disclosure [Abstract]  
Income Taxes

7. Income Taxes

 

The Company recorded income tax expense of $16,347 in the 13-week period ended September 25, 2021, compared to income tax expense of $23,300 in the 13-week period ended September 26, 2020. The effective tax rate was 5.9% in the third quarter of 2021, compared to 6.9% in the third quarter of 2020. The decrease was primarily due to the impact of return-to-provision adjustments associated with filing the U.S. tax return during the 13-week period ended September 25, 2021 compared to the year-ago quarter.

 

The Company recorded income tax expense of $101,894 in the first three quarters of 2021, compared to income tax expense of $53,168 in the first three quarters of 2020. The effective tax rate was 11.3% in the first three quarters of 2021, compared to 7.5% in the first three quarters of 2020. The increase was primarily due to a decrease in uncertain tax position reserves released in the first three quarters of 2021 compared to the first three quarters of 2020.