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Income Taxes
3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes
Note 6 – Income Taxes
Income tax information for the periods reported is as follows:
Three Months Ended
March 31,
2023
April 1,
2022
Income tax expense (benefit)$(535)$810 
Income (loss) before income taxes$(540)$8,849 
Effective income tax rate99.1 %9.2 %
Our effective tax rates for the three months ended March 31, 2023 and April 1, 2022 differ from the statutory rate primarily due to taxes on foreign income that differ from the U.S. tax rate, including a tax holiday in Singapore. Our effective tax rate of 99.1% for the first quarter of 2023 is primarily due to projected pre-tax loss in the U.S. for 2023, which generates tax benefits, partially offset by projected pre-tax income in Singapore, our primary source of non-U.S. pre-tax income and for which we participate in a tax holiday through 2026.
The ending balance for the unrecognized tax benefits for uncertain tax positions was approximately $4.5 million at March 31, 2023. The related interest and penalties were insignificant. The uncertain tax positions that are reasonably possible to decrease in the next twelve months are insignificant.
As of March 31, 2023, we were under examination by the Inland Revenue Board of Malaysia for the years 2016 to 2020.