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Income Taxes
3 Months Ended
Mar. 28, 2015
Income Taxes [Abstract]  
Income Taxes

NOTE 9.  Income Taxes  

  

The Company recorded a provision for income taxes of $2.7 million and $1.8 million for the three months ended March 28, 2015 and March 29, 2014, respectively.

 

The Company’s effective tax rate was 37% and (77%) for the three months ended March 28, 2015 and March 29, 2014, respectively.  For each of the first quarters of 2015 and 2014, the difference between the Company’s effective tax rate and the 35% federal statutory rate results primarily from changes in accruals related to unrecognized tax benefits and non-deductible amortization of intangible assets, partially offset by foreign earnings eligible for tax rates lower than the federal statutory rate.  In addition, for the three months ended March 29, 2014, the Company’s tax rate was negative due to a recorded tax expense on pretax loss.

 

As of March 28, 2015 and December 27, 2014, the Company’s liability for unrecognized tax benefits on a world-wide consolidated basis was $40.6 million and $41.3 million, respectively. The ultimate recognition of an amount different from this estimate would affect the Company’s effective tax rate.