XML 83 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
9 Months Ended
Jul. 27, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
Applied’s effective tax rates for the third quarters of fiscal 2014 and 2013 were 18.6 percent and 26.3 percent, respectively. The effective tax rate for the third quarter of fiscal 2014 was lower than in the same period in the prior year primarily due to the resolution of income tax filings and changes in the geographical composition of income.
Applied’s effective tax rates for the first nine months of fiscal 2014 and 2013 were 22.3 percent and 53.2 percent, respectively. The effective tax rate for the first nine months of fiscal 2014 was lower than in the same period in the prior year primarily due to a goodwill impairment charge recorded in the second quarter of fiscal 2013 that was not deductible, the resolution of income tax filings and changes in the geographical composition of income.