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Income Taxes
9 Months Ended
Sep. 28, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Corporation’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items. The following table summarizes the Corporation’s income tax provision:
Three Months EndedNine Months Ended
September 28,
2024
September 30,
2023
September 28,
2024
September 30,
2023
Income before income taxes$61.8 $47.4 $129.8 $42.1 
Income taxes$14.3 $9.6 $28.6 $15.6 
Effective tax rate23.1  %20.3  %22.0  %37.1  %

The Corporation’s income tax expense increased in the current periods relative to the comparable prior-year periods driven by higher profit. The variation in the effective tax rate quarter-over-quarter was primarily due to favorable year-to-date adjustments recorded in the third quarter of 2023 related to the Kimball International acquisition. The significantly higher tax rate in the prior-year-to-date period was driven by non-deductible transaction costs incurred in 2023 in connection with the acquisition.