v3.25.3
Income taxes
 6 Months Ended
Sep. 26, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income taxes
The Company follows the guidance under ASC 740-270, “Interim Reporting,” which requires a company to calculate the income tax associated with ordinary income using an estimated annual effective tax rate.
The following table presents income tax expense recorded by the Company along with the respective consolidated effective tax rates for each period presented:
Three-month periods endedSix-month periods ended
September 26, 2025September 27, 2024September 26, 2025September 27, 2024
(In thousands, except percentages)
Income tax$35,864$19,928$69,648$47,080
Effective tax rates19.6%14.5%18.6%16.3%
The increase in income tax expense and effective tax rate from the three-month period ended September 27, 2024 to the three-month period ended September 26, 2025 is primarily driven by an increase in income before income taxes for the corresponding period and a discrete tax benefit in the three-month period ended September 27, 2024 related to a change in management’s assertion to the realization for certain deferred tax assets, partially offset by tax benefit associated with stock based compensation.
The increase in income tax expense and effective tax rate from the six-month period ended September 27, 2024 to the six-month period ended September 26, 2025 is driven by an increase in income before income taxes for the corresponding period and discrete tax benefits in the six-month period ended September 27, 2024 related to a change in managements’ assertion to the realization for certain deferred tax assets, partially offset by tax benefit associated with stock based compensation and a tax credit approved by the State of California.