XML 32 R21.htm IDEA: XBRL DOCUMENT v3.25.0.1
INCOME TAXES
 3 Months Ended
Dec. 28, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES 13. INCOME TAXES
The following table reflects the provision for income taxes and the effective tax rate for the three months ended December 28, 2024 and December 30, 2023: 
 Three months ended
(dollar amounts in thousands)December 28, 2024December 30, 2023
Provision for income taxes$11,332 $2,277 
Effective tax rate12.2 %19.7 %
For the three months ended December 28, 2024, the increase in provision for income taxes and the decrease in the effective tax rate was primarily due to the reimbursement from Project W cancellation which was recorded as a discrete item in the quarter.
For the three months ended December 28, 2024, the effective tax rate is different than the U.S. federal statutory tax rate primarily due to earnings of foreign subsidiaries subject to tax at different rates than the U.S., tax incentives, tax credits, changes in valuation allowances, the impact of Global Intangible Low-Taxed Income, and the tax impact from the reimbursement of Project W cancellation.