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Income Taxes
6 Months Ended
Oct. 02, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s income tax provision consists of federal, state and foreign income taxes. The tax provision for the second quarter of fiscal 2023 and 2022 was based on the estimated effective tax rates applicable for the full years ending March 31, 2023 and March 31, 2022, respectively, after giving effect to items specifically related to the interim periods. The Company’s effective income tax rate with respect to any period may be volatile based on the mix of income in the tax jurisdictions, in which the Company operates, change in tax laws and the amount of the Company's consolidated earnings before taxes.

The consolidated effective income tax rates for the second quarter of fiscal 2023 and 2022 were 14.4% and 10.8% and for the six months of fiscal 2023 and 2022 were 15.0% and 13.7%, respectively. The rate increase in the second quarter and six months of fiscal 2023 compared to the prior year periods are primarily due to discrete tax items and changes in mix of earnings among tax jurisdictions.
Foreign income as a percentage of worldwide income is estimated to be 83% for fiscal 2023 compared to 87% for fiscal 2022. The foreign effective tax rates for the six months of fiscal 2023 and 2022 were 12% and 10%, respectively. Income from the Company's Swiss subsidiary comprised a substantial portion of the Company's overall foreign mix of income for both fiscal 2023 and fiscal 2022 and were taxed at an effective income tax rate of approximately 9% and 8%, respectively.