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INCOME TAXES | 6 Months Ended
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Mar. 27, 2020
Income Tax Disclosure [Abstract] |
INCOME TAXES | INCOME TAXES For the three and six months ended March 27, 2020 and March 29, 2019, the Company’s earnings before income taxes, income tax expense and effective income tax rate were as follows:
| Three Months Ended | Six Months Ended
(thousands, except tax rate data) | March 27, 2020 | March 29, 2019 | March 27, 2020 | March 29, 2019
Profit before income taxes | $ | 28,377 |  | $ | 30,020 |  | $ | 36,966 |  | $ | 34,351 |
Income tax expense | 7,990 |  | 8,097 |  | 10,149 |  | 8,907 |
Effective income tax rate | 28.2 | % | 27.0 | % | 27.5 | % | 25.9 | %
The effective tax rate for the three months ended March 27, 2020 and the prior year period were consistent with no primary factors materially impacting the rate. The key factor impacting the effective tax rate for the six months ended March 27, 2020 was the net excess tax benefits related to share-based compensation, which were lower in the current year to date period compared to the prior year to date period. The impact of the Company’s operations in jurisdictions where a valuation allowance is assessed is removed from the overall effective tax rate methodology and recorded directly based on year to date results for the year for which no tax expense or benefit can be recognized. The significant tax jurisdictions that have a valuation allowance for the periods ended March 27, 2020 and March 29, 2019 were:
March 27, 2020 | March 29, 2019
France | France
Indonesia | Indonesia
Switzerland | Switzerland
The Company regularly assesses the adequacy of its provisions for income tax contingencies in accordance with the applicable authoritative guidance on accounting for income taxes. As a result, the Company may adjust the reserves for unrecognized tax benefits due to the impact of changes in its assumptions or as a result of new facts and developments, such as changes to interpretations of relevant tax law, assessments from taxing authorities, settlements with taxing authorities and lapses of statutes of limitation. The Company’s 2020 fiscal year tax expense is anticipated to be unchanged related to uncertain income tax positions. In accordance with its accounting policy, the Company recognizes accrued interest and penalties related to unrecognized benefits as a component of income tax expense. The Company is projecting accrued interest of $100 related to uncertain income tax positions for the fiscal year ending October 2, 2020. The Company files income tax returns, including returns for its subsidiaries, with federal, state, local and foreign taxing jurisdictions. As of the date of this report, the following tax years remain open to examination by the respective significant tax jurisdictions:
Jurisdiction | Fiscal Years
United States | 2016-2019
Canada | 2016-2019
France | 2016-2019
Germany | 2017-2019
Italy | 2018-2019
Switzerland | 2009-2019

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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