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INCOME TAXES
 9 Months Ended
Jul. 02, 2021
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
For the three and nine months ended July 2, 2021 and June 26, 2020, the Company’s earnings before income taxes, income tax expense and effective income tax rate were as follows:

 Three Months EndedNine Months Ended
 
(thousands, except tax rate data)
July 2, 2021June 26, 2020July 2, 2021June 26, 2020
Profit before income taxes$39,074 $15,557 $102,395 $52,523 
Income tax expense10,300 2,688 25,940 12,837 
Effective income tax rate26.4 %17.3 %25.3 %24.4 %
 
The effective tax rate was higher for the three and nine months ended July 2, 2021 compared to the prior year periods due to the favorable impact from a decrease in reserves for unrecognized tax benefits reported in the prior year periods.

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 July 2, 2021 and June 26, 2020 were:
 
July 2, 2021June 26, 2020
FranceFrance
IndonesiaIndonesia
SwitzerlandSwitzerland
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 2021 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 $300 related to uncertain income tax positions for the fiscal year ending October 1, 2021.

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:
 
JurisdictionFiscal Years
United States2017-2020
Canada2017-2020
France2017-2020
Germany2017-2020
Italy2018-2020
Switzerland2010-2020