Income Taxes

6 Months Ended

Jul. 01, 2011

Income Taxes [Abstract]

INCOME TAXES

NOTE 4. INCOME TAXES

     The second quarter of 2011 tax provision was $31.2 million compared to $23.1 million in the corresponding period of last year. The Company’s effective tax rate for the three months ended July 1, 2011 was 37.5% as compared to 40.0% in the prior year period.

     The tax provision for the six months ended July 1, 2011 was $57.8 million as compared to $27.0 million in the corresponding period in the prior year. The Company’s effective tax rate for the six months ended July 1, 2011 was 37.5% compared to 40.0% in the prior year period.

     The difference between the statutory corporate federal tax rate of 35% and the Company’s effective tax rate was primarily due to state income taxes.