INCOME TAXES |
3 Months Ended |
|---|---|
Apr. 02, 2022 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES The effective income tax rate for the three months ended March 2022 was 19.5% compared to 20.6% in the 2021 period. The three months ended March 2022 included a net discrete tax benefit related to stock-based compensation which decreased the effective income tax rate by 1.1%. Discrete tax items had no net impact on the effective income tax rate for the three months ended March 2021.
During the three months ended March 2022, the amount of net unrecognized tax benefits and associated interest increased by $0.3 million to $13.8 million. Management also believes that it is reasonably possible that the amount of unrecognized tax benefits may decrease by $0.2 million within the next 12 fiscal months due to settlements of audits and expiration of statutes of limitations, all of which would reduce income tax expense.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- 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. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|