Note 11 - Income Taxes

3 Months Ended

Apr. 30, 2016

Notes to Financial Statements

Income Tax Disclosure [Text Block]

11.           Income taxes

We recorded a provision for income taxes of $1.3 million and $2.5 million for the three months ended April 30, 2016 and May 2, 2015, respectively.  The decrease in tax expense is primarily attributable to lower profitability in taxable jurisdictions in the first quarter of fiscal year 2017 as compared to the same period in fiscal year 2016 and changes in tax reserves. During the three months ended April 30, 2016 and May 2, 2015, we were unable to reasonably project our annual effective tax rate, and therefore computed our provision for income taxes based on year-to-date actual financial results. Included in our provision for income taxes are foreign exchange gains or losses on unsettled income tax liabilities.