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Income Taxes	6 Months Ended
Jun. 27, 2020
Income Tax Disclosure [Abstract]
Income Taxes	10.Income Taxes The effective tax rates for the three and six months ended June 27, 2020 were 28.6% and 38.4%, respectively. The effective tax rates for the three and six months ended June 29, 2019 were 23.6% and 24.2%, respectively. For the six months ended June 27, 2020, the tax expense was impacted by an impairment of the Company’s Brazil reporting unit which has a full valuation allowance and tax reserves related to a foreign income tax audit, partially offset by a tax windfall from stock compensation. For the six months ended June 27, 2020, the difference between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate was primarily due to tax expense related to global intangible low-taxed income (“GILTI”), state income tax expense and tax expense from income earned in foreign jurisdictions. For the six months ended June 29, 2019, the difference between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate was primarily due to tax expense related to GILTI and state income tax expense, partially offset by tax benefits related to the reversal of tax reserves no longer needed, foreign-derived intangible income and the cessation of certain publishing operations. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act (the “CARES Act”) was signed into law. The CARES Act includes provisions relating to modifications to the net interest deduction limitation, net operating loss carryforward rules, refundable payroll tax credits and deferment of the employer portion of certain payroll taxes. On July 20, 2020, the U.S. Treasury Department released final regulations under Internal Revenue Code Section 951A (TD 9902) permitting a taxpayer to elect to exclude from its GILTI inclusion items of income subject to a high effective rate of foreign tax. The Company is currently assessing the impact of the new legislation, in conjunction with the CARES Act, and believes the overall impact will benefit the Company’s fiscal 2020 effective tax rate.

Income Taxes

6 Months Ended

Jun. 27, 2020

10.Income Taxes

The effective tax rates for the three and six months ended June 27, 2020 were 28.6% and 38.4%, respectively. The effective tax rates for the three and six months ended June 29, 2019 were 23.6% and 24.2%, respectively. For the six months ended June 27, 2020, the tax expense was impacted by an impairment of the Company’s Brazil reporting unit which has a full valuation allowance and tax reserves related to a foreign income tax audit, partially offset by a tax windfall from stock compensation. For the six months ended June 27, 2020, the difference between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate was primarily due to tax expense related to global intangible low-taxed income (“GILTI”), state income tax expense and tax expense from income earned in foreign jurisdictions. For the six months ended June 29, 2019, the difference between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate was primarily due to tax expense related to GILTI and state income tax expense, partially offset by tax benefits related to the reversal of tax reserves no longer needed, foreign-derived intangible income and the cessation of certain publishing operations.

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act (the “CARES Act”) was signed into law. The CARES Act includes provisions relating to modifications to the net interest deduction limitation, net operating loss carryforward rules, refundable payroll tax credits and deferment of the employer portion of certain payroll taxes.

On July 20, 2020, the U.S. Treasury Department released final regulations under Internal Revenue Code Section 951A (TD 9902) permitting a taxpayer to elect to exclude from its GILTI inclusion items of income subject to a high effective rate of foreign tax. The Company is currently assessing the impact of the new legislation, in conjunction with the CARES Act, and believes the overall impact will benefit the Company’s fiscal 2020 effective tax rate.

- 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.

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