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Income Taxes
6 Months Ended
Oct. 24, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The provision for income taxes is based on a current estimate of the annual effective income tax rate adjusted to reflect the impact of discrete items. The Company’s effective income tax rate was 11.3% for the three months ended October 24, 2014, as compared to 28.6% for the corresponding period a year ago. The Company’s effective income tax rate was 4.5% for the first six months of fiscal year 2015, as compared to 30.0% for the corresponding period a year ago. The decrease in tax rate for both the three and six months ended October 24, 2014, as compared to the corresponding period last year, was primarily driven by the domestic production activities deduction, benefits from a Company owned life insurance policy recorded in the second quarter, and discrete items in the first and second quarters related to Work Opportunity Tax Credits and state refunds received.