v3.21.2
Income Taxes
9 Months Ended
Oct. 01, 2021
Income Tax Disclosure [Abstract]  
Income Taxes During the three and nine months ended October 1, 2021, Income from continuing operations before income taxes was $50.5 million and $125.6 million, respectively, while income tax expense was $22.3 million and $38.4 million, respectively. The effective tax rates were 44.3% and 30.6% for the three and nine months ended October 1, 2021, respectively, which both differed from the 2021 U.S. federal statutory rate of 21% mainly due to withholding taxes, U.S. tax on international operations, and other non-deductible expenses offset in part by the effective settlements on uncertain tax positions, a benefit from U.S. state tax losses, and U.S. tax credits. The effective tax rate for the three months ended October 1, 2021 was primarily impacted by the relative unfavorable increase in U.S. tax on international operations due to lower U.S. forecasted income and increased taxable foreign exchange gains as compared to the three months ended July 2, 2021 and nine months ended October 1, 2021.