INCOME TAXES |
9 Months Ended | ||||||||||||
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Sep. 25, 2022 | |||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||
INCOME TAXES |
The effective tax rate in the third quarter of 2022 and 2021 was 24.1% and 26.3%, respectively, and the effective tax rate for the comparable nine month periods was 24.9% and 24.1%, respectively. The first nine months of 2022 and 2021 rates include the impact of the recognition of excess tax benefits on share-based compensation that was recorded as a reduction to income tax expense in the amount of $4.0 million and $5.7 million, respectively.
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