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Income Taxes
9 Months Ended
Dec. 30, 2012
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
During the three months ended December 30, 2012, the Company recorded $0.2 million of income tax expense and an income tax benefit of $3.8 million in the nine months ended December 30, 2012 from continuing operations. The Company recorded an income tax expense of $0.6 million and $1.2 million in the three and nine months ended January 1, 2012, respectively from continuing operations. The income tax benefit recorded in the nine months ended December 30, 2012 was primarily due to the recognition of a deferred tax asset offset by the recognition of a deferred tax liability due to the acquisition of Fox Enterprises.  The increase in the deferred tax liability was a part of the purchase accounting step-up adjustment that was recorded against goodwill while the increase in the deferred tax asset was recorded as a tax benefit.
The provision for income taxes for the nine months ended January 1, 2012 reflects tax on foreign earnings and federal and state tax on U.S. earnings.
As of December 30, 2012, the Company could be subject to examination in the U.S. federal tax jurisdiction for the fiscal years 2010-2012.  The Company is not currently under examination by the Internal Revenue Service, but if the Company was audited, based on currently available information, the Company believes that an audit by the Internal Revenue Service would not have a material adverse effect on its financial position, cash flows or results of operations. On January 14, 2013, the Internal Revenue Service notified the Company that they will be auditing the Company's fiscal years 2011 and 2012.
As of December 30, 2012, the Company was subject to examination in various state and foreign jurisdictions for tax years 2006 forward, none of which were individually material.