INCOME TAXES |
6 Months Ended |
|---|---|
Dec. 29, 2024 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | 10. INCOME TAXES The Company’s consolidated interim effective tax rate is based on a current estimate of the annual effective income tax rate adjusted to reflect the impact of discrete items. The differences between the Company’s effective tax rate and the statutory federal tax rate of 21.0% for the first half of fiscal 2025 primarily relate to changes in uncertain tax positions and inclusion of the state tax rate in the overall effective rate, partially offset by benefits of federal and state credits. During the three months ended December 29, 2024 and December 31, 2023, the Company’s effective tax rate was 39.2% and 23.3%, respectively, and for the six months ended December 29, 2024 and December 31, 2023, the Company’s effective tax rate was 24.5% and 23.0%, respectively. The Company’s effective tax rates for the three and six months ended December 29, 2024 are higher compared to the effective tax rate for the same prior year periods, primarily due to changes in uncertain tax positions, partially offset by an increased benefit of federal and state credits. |