Note 15 - Income Taxes

9 Months Ended

Oct. 03, 2015

Notes to Financial Statements

Income Tax Disclosure [Text Block]

15. Income Taxes

The projected fiscal 2015 effective income tax rates as of October 3, 2015 and applied for the thirty-nine week period ended October 3, 2015 are approximately 41.4% and 26.5% in the United States and Canada, respectively, and yielded a consolidated effective income tax rate of approximately 39.8% for the thirty-nine week period ended October 3, 2015. For the comparable prior year period estimated income tax rates were 41.7% and 27.7% in the United States and Canada, respectively, and yielded a consolidated effective income tax rate of approximately 35.3% for the thirty-nine week period ended September 27, 2014.  The relative income or loss generated in each jurisdiction can materially impact the overall effective income tax rate of the Company.