Income taxes |
6 Months Ended |
|---|---|
Dec. 30, 2022 | |
| Income Tax Disclosure [Abstract] | |
| Income taxes | Income taxes As of December 30, 2022 and June 24, 2022, the liability for uncertain tax positions including accrued interest and penalties was $0.8 million and $1.6 million, respectively. The Company expects the estimated amount of liability associated with its uncertain tax positions to decrease within the next 12 months due to the expiration of statutes of limitations with respect to these positions. The Company files income tax returns in the United States and foreign tax jurisdictions. The tax years from 2015 to 2021 remain open to examination by U.S. federal and state, and foreign tax authorities. The Company’s income tax is recognized based on the best estimate of the expected annual effective tax rate for the full financial year of each entity in the Company, adjusted for discrete items arising in that quarter. If the Company’s estimated annual effective tax rate changes, the Company makes a cumulative adjustment in that quarter. The effective tax rate for the Company for the three months ended December 30, 2022 and December 24, 2021 was 1.7% and 2.4%, respectively, of net income. The decrease was primarily due to an increase in income not subject to tax during the second quarter of fiscal year 2023 as compared to the same period in fiscal year 2022. The effective tax rate for the Company for the six months ended December 30, 2022 and December 24, 2021 was 1.4% and 1.9%, respectively, of net income. The decrease was primarily due to an increase in income not subject to tax during the first half of fiscal year 2023 as compared to the same period in fiscal year 2022.
|