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Income Taxes
 9 Months Ended
Oct. 29, 2022
Income Tax Disclosure [Abstract]  
Income Taxes
Note 16 – Income Taxes
Our effective tax rates for the period are as follows:
 
 
  
Three Months
Ended
 
 
Nine Months
Ended
 
Fiscal 2023
      26.0 %      22.8 % 
Fiscal 2022
      29.0 %      4.0 % 
We determine our estimated annual effective tax rate at the end of each interim period based on full-year forecasted
pre-tax
income and facts known at that time. The estimated annual effective tax rate is applied to the
year-to-date
pre-tax
income at the end of each interim period with the cumulative effect of any changes in the estimated annual effective tax rate being recorded in the fiscal quarter in which the change is determined. The tax effect of significant unusual items is reflected in the period in which they occur.
During the three months ended October 29, 2022, we recognized an income tax expense of $102,000
.
 
The effective tax rate in this period was directly impacted by our jurisdictional mix of earnings
 and a $30,000
tax benefit arising from windfall tax benefit related to our stock. During the three months ended October 30, 2021, we recognized an income tax benefit of approximately
 $174,000.
The effective tax rate in this period was directly impacted by a significant decrease in forecasted operating results for our fiscal 2022 as compared to operating results forecasted at the end of our third quarter of fiscal 2022.
During the nine months ended October 29, 2022, we recognized an income tax expense
 of $383,000
.
 
The effective tax rate in this period was directly impacted by our jurisdictional mix of earnings
, a $38,000
tax benefit related to the expiration of the statute of limitations on previously uncertain tax positions
, a $51,000
tax benefit arising from a windfall tax benefit related to our stock, and
 a $13,000
tax expense relating to a revaluation of deferred taxes. During the nine months ended October 30, 2021, we recognized an income tax expense of approximately
 $297,000.
The effective tax rate in this period was directly impacted by a significant decrease in forecasted operating results for our fiscal 2022 as compared to operating results forecasted at the end of our third quarter of fiscal 2022
, a $1.1 million tax benefit from the forgiveness of the PPP Loan, a $0.1 
million tax benefit arising from a windfall tax benefit related to our stock, 
a $30,000
tax benefit related to return to provision adjustments from foreign tax returns filed in the year,
and a
$0.3 
million tax benefit related to the expiration of the statute of limitations on previously uncertain tax positions. The PPP Loan forgiveness recognized was excluded from taxable income under Section 1106(i) of the CARES Act.