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INCOME TAXES | 6 Months Ended
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Mar. 29, 2025
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 and six months ended March 29, 2025 and March 30, 2024:
|  | Three months ended |  | Six months ended
(dollar amounts in thousands) |  | March 29, 2025 |  | March 30, 2024 |  | March 29, 2025 |  | March 30, 2024
Provision for income taxes |  | $ | 5,438 |  |  | $ | 6,355 |  |  | $ | 16,770 |  |  | $ | 8,632 |
Effective tax rate |  | (6.9) | % |  | (6.6) | % |  | 120.7 | % |  | (10.2) | %
For the three and six months ended March 29, 2025, as compared to the same period ended March 30, 2024, the change in provision for income taxes and effective tax rate was primarily due to the tax effects of the intended cessation of the Company's EA equipment business and the reimbursement from the cancellation of Project W which were recorded as discrete items during fiscal 2025 as well as the one-time charge for cancellation of Project W and the increase in valuation allowance recorded against certain deferred tax assets, which were recorded as discrete items during fiscal 2024. For the three and six months ended March 29, 2025, 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 of the discrete items noted above.

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