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Income Taxes

6 Months Ended

Aug. 02, 2014

Note 13

Income Taxes

The Company’s effective tax rate can vary considerably from period to period, depending on a number of factors. The Company’s consolidated effective tax rates from continuing operations were 31.4% and 23.1% for the thirteen weeks and 32.7% and 36.4% for the twenty-six weeks ended August 2, 2014 and August 3, 2013, respectively. The increase in the Company’s effective tax rate for the thirteen weeks ended August 2, 2014 was primarily due to a lower anticipated full year mix of international earnings in lower tax jurisdictions as compared to the prior year. The effective tax rate was higher in the first half of 2013 due to the non-deductible nature of the $4.7 million impairment charge in the first quarter of 2013, as further described in Note 5 to the condensed consolidated financial statements.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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