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Income Taxes
 3 Months Ended
Mar. 29, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

J. Income Taxes

 

The following table provides a summary of the income tax provision for the thirteen weeks ended March 29, 2025 and March 30, 2024:

 

 

 

Thirteen weeks ended

 

 

March 29,
2025

 

March 30,
2024

Effective tax rate

 

31.9%

 

33.0%

 

The decrease in the tax rate for the thirteen weeks ended March 29, 2025 as compared to the thirteen weeks ended March 30, 2024 is primarily due to a decrease in the negative impact of non-deductible stock compensation expense.


As of both March 29, 2025 and December 28, 2024, the Company had approximately $0.5 million of unrecognized income tax benefits.

 

The Company’s practice is to classify interest and penalties related to income tax matters in income tax expense. As of March 29, 2025 and December 28, 2024, the Company had approximately $0.1 million accrued for interest and penalties recorded in other liabilities.


The Company's federal income tax returns remain subject to examination for three years. The Company’s state income tax returns remain subject to examination for three or four years depending on the state’s statute of limitations. The Company is not currently under any income tax audits as of March 29, 2025.