XML 37 R18.htm IDEA: XBRL DOCUMENT v3.23.1
Income Taxes
4 Months Ended
Apr. 22, 2023
Income Tax Disclosure [Abstract]  
Income Taxes

Note 10 – Income Taxes

The effective income tax rate was 17.6% and 20.2% for the 16 weeks ended April 22, 2023 and April 23, 2022, respectively. The difference from the federal statutory rate in current year quarter was primarily due to benefits associated with federal tax credits, discrete tax benefits due to a change in tax contingencies and discrete tax benefits related to stock compensation, partially offset by state taxes and non-deductible expenses. The difference in the federal statutory rate in the prior year quarter was primarily due to benefits associated with stock compensation and federal tax credits, partially offset by state taxes.