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Income Taxes
 6 Months Ended
Jul. 01, 2023
Income Tax Disclosure [Abstract]  
Income Taxes

5. Income Taxes

 

The Company recorded income tax expense of $28,037 in the 13-week period ended July 1, 2023, compared to income tax expense of $21,093 in the 13-week period ended June 25, 2022. The effective tax rate was 8.9% in the second quarter of 2023, compared to 7.6% in the second quarter of 2022. The increase was primarily due to a decrease in uncertain tax position reserves released in the second quarter of 2023, compared to the second quarter of 2022.

 

The Company recorded income tax expense of $47,482 in the 26-week period ended July 1, 2023, compared to income tax expense of $45,366 in the 26-week period ended June 25, 2022. The effective tax rate was 8.8% in both the first half of 2023 and the first half of 2022.