XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes
3 Months Ended
Jul. 29, 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 22.4% for the three months ended July 29, 2016, as compared to 24.3% for the corresponding period a year ago. The lower tax rate for the three months ended July 29, 2016, as compared to the corresponding period last year, was driven primarily by the impact of yearly variances in the forecasted annual rate related to wage credits, the domestic productions activities deduction and officers' life insurance.