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Income Taxes | 9 Months Ended
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Sep. 26, 2025
Income Tax Disclosure [Abstract] |
Income Taxes |
Note 6 – Income Taxes
On July 4, 2025, a budget and reconciliation package referred to as the One Big Beautiful Bill Act (“OBBBA”) was signed into law. The OBBBA enacts significant changes to U.S. tax and related laws, including, among other things, expensing of domestic research expenses, increasing the limit of the interest expense deduction to thirty percent of EBITDA, and one hundred percent bonus depreciation on eligible property acquired after January 19, 2025. There was no material change to our effective income tax rate as a result of these changes for the period ending September 26, 2025. Income tax information for the periods reported is as follows:
| Three Months Ended |  | Nine Months Ended
| September 26, 2025 |  | September 27, 2024 |  | September 26, 2025 |  | September 27, 2024
Income tax expense | $ | 683 |  |  | $ | 166 |  |  | $ | 5,083 |  |  | $ | 2,021 |
Loss before income taxes | $ | (22,170) |  |  | $ | (2,610) |  |  | $ | (31,737) |  |  | $ | (14,856) |
Effective income tax rate | (3.1) | % |  | (6.4) | % |  | (16.0) | % |  | (13.6) | %
Our effective tax rate for the three and nine months ended September 26, 2025 differs from the statutory rate primarily due to taxes on foreign income that differs from the U.S. tax rate, including an accrual for the Organization for Economic Co-operation and Development's Global Anti-Base Erosion Model Rules ("Pillar Two") taxes, the impact of stock option exercises, and the impact of a valuation allowance against U.S. deferred tax assets. Pillar Two taxes primarily impact our Singapore operations, wherein we were granted and currently participate in a tax holiday expiring in 2026. The ending balance for the unrecognized tax benefits for uncertain tax positions was approximately $4.4 million as of September 26, 2025. The related interest was insignificant, and the related penalties were $0.7 million. The uncertain tax positions that are reasonably possible to decrease in the next twelve months are insignificant. As of September 26, 2025, we were under examination by California tax authorities for fiscal years 2020-2022.

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