INCOME TAXES	3 Months Ended
May 05, 2018
INCOME TAXES
INCOME TAXES	6. INCOME TAXES The effective tax rate was 41.6% for the first quarter of fiscal 2018 compared to 33.7% for the first quarter of fiscal 2017. The effective tax rate for the first quarter of fiscal 2018 was higher than the same period in the prior year due to provisional adjustments of $8.1 million related to repatriation taxes for accumulated earnings of foreign subsidiaries associated with the enactment of the Tax Cuts and Jobs Act (“Tax Act”) in the fourth quarter of fiscal 2017, partially offset by the reduction of the federal statutory tax rate from 35% to 21%. The U.S. Treasury is expected to issue additional regulations and guidance in connection with the Tax Act, which may alter interpretations of the new tax law and could materially change our estimated provisional adjustments.

INCOME TAXES

3 Months Ended

May 05, 2018

6. INCOME TAXES

The effective tax rate was 41.6% for the first quarter of fiscal 2018 compared to 33.7% for the first quarter of fiscal 2017. The effective tax rate for the first quarter of fiscal 2018 was higher than the same period in the prior year due to provisional adjustments of $8.1 million related to repatriation taxes for accumulated earnings of foreign subsidiaries associated with the enactment of the Tax Cuts and Jobs Act (“Tax Act”) in the fourth quarter of fiscal 2017, partially offset by the reduction of the federal statutory tax rate from 35% to 21%. The U.S. Treasury is expected to issue additional regulations and guidance in connection with the Tax Act, which may alter interpretations of the new tax law and could materially change our estimated provisional adjustments.