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Income Taxes
6 Months Ended
Jul. 01, 2017
Income Taxes [Abstract]  
Income Taxes
Note 3 – Income Taxes

The provision for income taxes consists of provisions for federal, state, and foreign income taxes.  The effective tax rates for the periods ended July 1, 2017 and July 2, 2016 reflect the Company's expected tax rate on reported income from continuing operations before income tax and tax adjustments. The Company operates in a global environment with significant operations in various jurisdictions outside the United States.  Accordingly, the consolidated income tax rate is a composite rate reflecting the Company's earnings and the applicable tax rates in the various jurisdictions where the Company operates.

Income tax expense for the fiscal quarter and six fiscal months ended July 1, 2017 includes $1,240 and $2,208, respectively, for the periodic remeasurement of the deferred tax liability recorded for the cash repatriation program compared to $1,217 and $1,986 for the fiscal quarter and six fiscal months ended July 2, 2016, respectively.  The cash repatriation program is expected to occur over several years, and the deferred tax liability is based on the available sources of cash, applicable tax rates, and other factors and circumstances, as of each respective balance sheet date. Changes in the underlying facts and circumstances result in changes in the deferred tax liability balance, which are recorded as tax benefit or expense.  During the second fiscal quarter of 2017, the Company repatriated $38,000 pursuant to this program.

During the six fiscal months ended July 1, 2017, the liabilities for unrecognized tax benefits decreased by $2,225 on a net basis, due to payments and settlements, partially offset by increases for tax positions taken in the current period, interest, and foreign currency effects.