XML 23 R13.htm IDEA: XBRL DOCUMENT v3.22.2
Provision for Income Taxes
6 Months Ended
Jul. 02, 2022
Income Tax Disclosure [Abstract]  
Provision for Income Taxes Provision for Income Taxes The provision for income taxes was $23,329,000 in the first six months of 2022 and $14,510,000 in the first six months of 2021. The effective tax rates of 26% and 27% in the first six months of 2022 and 2021, respectively, were higher than the Company's statutory rate of 21% primarily due to the distribution of the Company's worldwide earnings, nondeductible expenses, and state taxes, and for the first six months of 2021, tax expense associated with the Global Intangible Low-Taxed Income provisions. For the first six months of 2022 and 2021, these increases in tax expense were offset in part by a decrease in tax related to the net excess income tax benefits from stock-based compensation arrangements.