XML 24 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes
3 Months Ended
Oct. 28, 2017
Income Tax Disclosure [Abstract]  
Income Taxes

8.

Income Taxes

The following table summarizes our effective tax rate from income for the periods presented:

 

 

 

Three Months Ended

 

 

 

October 28, 2017

 

 

October 29, 2016

 

Income before income taxes

 

$

18,632

 

 

$

25,032

 

Provisions for income taxes

 

 

5,144

 

 

 

11,789

 

Effective tax rate

 

 

27.6

%

 

 

47.1

%

 

We are subject to income taxes in the United States. Our effective tax rate for the three months ended October 28, 2017, differs from the federal statutory income tax rate primarily due to certain nondeductible expenses, effect of state taxes, partially offset by the benefit from the nonincludible gain on remeasurement of the preferred stock warrant liability.

Our effective tax rate for the three months ended October 29, 2016 differs from the federal statutory income tax rate primarily due to certain nondeductible expenses, effect of state taxes, and the nondeductible loss on remeasurement of the preferred stock warrant liability.