XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes
3 Months Ended
Jul. 24, 2021
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesOur effective tax rate was 25.9% for the quarter ended July 24, 2021, compared with 19.8% for the quarter ended July 25, 2020. Our effective tax rate varies from the 21% federal statutory rate primarily due to state taxes. The increase in our effective tax rate in fiscal 2022 compared with fiscal 2021 is primarily due to additional tax benefits from stock compensation in fiscal 2021. Absent discrete adjustments, our effective tax rate would have been 25.3% and 26.1% in the first quarter of fiscal 2022 and the first quarter of fiscal 2021, respectively.