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INCOME TAXES
9 Months Ended
Jul. 03, 2021
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The following table reflects the provision for income taxes and the effective tax rate for the three and nine months ended July 3, 2021 and June 27, 2020: 
 Three months endedNine months ended
(dollar amounts in thousands)July 3, 2021June 27, 2020July 3, 2021June 27, 2020
Provision for income taxes$7,212 $690 $25,722 $3,985 
Effective tax rate6.0 %5.8 %9.9 %9.8 %
The increase in provision for income taxes and effective tax rate for the three and nine months ended July 3, 2021 as compared to the three and nine months ended June 27, 2020 is primarily related to an increase in profitability, principally earned in lower tax jurisdictions, and foreign minimum tax. This is in part offset by the net reduction of valuation allowances recorded against certain loss and credit carryforwards due to an increase in current year profitability and a $7.2 million tax benefit from a partial release of valuation allowance recorded against the net deferred tax assets of certain foreign jurisdictions due to a forecasted increase in future profitability in the corresponding jurisdictions.
For the three and nine months ended July 3, 2021, the effective tax rate is lower than the U.S. federal statutory tax rate primarily due to foreign income earned in lower tax jurisdictions, tax incentives, tax credits, and a partial release of valuation allowance, in part offset by foreign withholding taxes, taxes on unrepatriated foreign earnings, deemed income, and foreign minimum tax.