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INCOME TAXES | 9 Months Ended
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Jun. 28, 2025
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 June 28, 2025 and June 29, 2024:
|  | Three months ended |  | Nine months ended
(dollar amounts in thousands) |  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Provision for income taxes |  | $ | 3,171 |  |  | $ | 4,053 |  |  | $ | 19,941 |  |  | $ | 12,685 |
Effective tax rate |  | (2,687.3) | % |  | 24.8 | % |  | 144.8 | % |  | (18.5) | %
For the three and nine months ended June 28, 2025, as compared to the same period ended June 29, 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 nine months ended June 28, 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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