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Income Taxes
9 Months Ended
Jan. 22, 2016
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 17.6% for the three months ended January 22, 2016, as compared to a benefit of 12.4% for the corresponding period a year ago. The Company’s effective income tax rate was 20.9% for the nine months ended January 22, 2016, as compared to a benefit of 4.0% for the corresponding period a year ago. The increase in tax rate for the three and nine months ended January 22, 2016, was driven primarily by the impact of yearly variances in the forecasted annual rate related to wage credits, officers' life insurance, and the domestic productions activities deduction, plus discrete items booked in the third quarter of fiscal year 2015 related to the federal return to provision and FIN48 reserves.