Income Taxes |
9 Months Ended |
|---|---|
Sep. 29, 2017 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | INCOME TAXES Effective Tax Rate Our quarterly income tax expense is measured using an estimated annual effective income tax rate. The comparison of effective income tax rates between periods may be significantly affected by discrete items recognized during the periods, the level and mix of earnings by tax jurisdiction and permanent differences. The Company recorded income tax expense of $3.2 million and $9.8 million for the three and nine months ended September 29, 2017, respectively, and $3.2 million and $10.6 million for the three and nine months ended September 30, 2016, respectively, representing effective income tax rates of 35.8% and 35.2%, respectively, and 32.7% and 35.6%, respectively. The effective income tax rates may vary from the federal statutory rate of 35.0% due to state taxes, the tax effect of stock-based compensation, and other permanent book-tax differences. Uncertain Tax Provisions As of September 29, 2017 and December 31, 2016, unrecognized tax benefits from uncertain tax positions were $0.4 million. Management believes the uncertain tax positions will be resolved by December 31, 2017. The settlement of uncertain tax positions will not affect our effective tax rate. |