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Income Taxes
6 Months Ended
Jul. 28, 2012
Income Taxes [Abstract]  
Income Taxes

Note 13 Income Taxes

The Company's effective tax rate can vary considerably from period to period, depending on a number of factors. One of the main drivers of this volatility is the relative mix of domestic and international earnings. Domestic earnings generally carry higher tax rates, while international earnings generally carry lower rates. The Company's consolidated effective tax rate was a benefit of 38.3% for the second quarter of 2012, compared to a benefit of 35.5% for the second quarter of last year, reflecting a higher mix of domestic earnings in higher-tax jurisdictions.

For the first half of 2012, the Company's consolidated effective rate was 38.8%, as compared to 29.6% in the prior year. The higher rate in 2012 is driven by several factors. First, the Company anticipates a greater mix of 2012 earnings in domestic higher-tax jurisdictions, due in part to the exit of certain wholesale brands in late 2011, in conjunction with the portfolio realignment efforts. The exited brands had a disproportionate amount of their sales and earnings in international jurisdictions with lower rates. In addition, during the first quarter of 2012, the Company incurred certain costs in international divisions related to the portfolio realignment efforts that are not expected to result in a tax benefit.