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Income Taxes
3 Months Ended
Apr. 02, 2022
Income Tax Disclosure [Abstract]  
Income Taxes

9.Income Taxes

The effective tax rates for the three months ended April 2, 2022 and April 3, 2021 were 17.9% and 30.0%, respectively. For the three months ended April 2, 2022, the difference between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate was primarily due to a tax benefit related to foreign-derived intangible income (“FDII”), partially offset by state income tax expense and tax expense from income earned in foreign jurisdictions. For the three months ended April 3, 2021, the difference between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate was primarily due to state income tax expense and tax expense from income earned in foreign jurisdictions, partially offset by a tax benefit related to FDII and a tax benefit related to tax windfalls from stock compensation.