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Income Taxes
 9 Months Ended
Sep. 24, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

7. Income Taxes

 

The Company recorded income tax expense of $9,419 in the 13-week period ended September 24, 2022, compared to income tax expense of $16,347 in the 13-week period ended September 25, 2021. The effective tax rate was 4.3% in the third quarter of 2022, compared to 5.9% in the third quarter of 2021. The decrease was primarily due to income mix by jurisdiction and an increase in U.S. tax deductions and credits in the third quarter of 2022 compared to the third quarter of 2021.

 

The Company recorded income tax expense of $54,785 in the first three quarters of 2022, compared to income tax expense of $101,894 in the first three quarters of 2021. The effective tax rate was 7.5% in the first three quarters of 2022, compared to 11.3% in the first three quarters of 2021. The decrease was primarily due to income mix by jurisdiction and an increase in U.S. tax deductions and credits in the first three quarters of 2022 compared to the first three quarters of 2021.