Income Taxes	6 Months Ended
Jun. 30, 2017
Income Taxes
Income Taxes	9.Income Taxes The Company’s effective income tax rate for the six month periods ended June 30, 2017 and July 1, 2016 was approximately 29.5% and 40.5%, respectively. The lower effective income tax rate for the six months of 2017 was due to a change in accounting rules for excess tax benefits or losses from the exercise of stock options and vesting of restricted shares. Previously, accounting guidance recorded called for this to be recorded to Additional paid-in capital. Future periods with option exercises or restricted stock vesting will have a lower tax provision. See Note 1 for additional discussion of the new accounting guidance. Accounting principles generally accepted in the United States prescribe a recognition threshold and measurement attribute for the accounting and financial statement disclosure of tax positions taken or expected to be taken in a tax return. The evaluation of a tax position is a two-step process. The first step requires the Company to determine whether it is more likely than not that a tax position will be sustained upon examination based on the technical merits of the position. The second step requires the Company to recognize in the financial statements each tax position that meets the more likely than not criteria, measured at the amount of benefit that has a greater than 50% likelihood of being realized. The Company had $4.1 million of unrecognized tax benefits at June 30, 2017, the total amount of which, if recognized, would affect the tax rate. The Company includes the full amount of unrecognized tax benefits in other liabilities in the Consolidated Balance Sheets. Additionally, the Company may from time to time be assessed interest and penalties by tax jurisdictions. Any such assessments historically have been immaterial to the Company’s financial results and are classified as other general and administrative expenses in the consolidated statements of income.

Income Taxes

6 Months Ended

Jun. 30, 2017

9.Income Taxes

The Company’s effective income tax rate for the six month periods ended June 30, 2017 and July 1, 2016 was approximately 29.5% and 40.5%, respectively. The lower effective income tax rate for the six months of 2017 was due to a change in accounting rules for excess tax benefits or losses from the exercise of stock options and vesting of restricted shares. Previously, accounting guidance recorded called for this to be recorded to Additional paid-in capital. Future periods with option exercises or restricted stock vesting will have a lower tax provision. See Note 1 for additional discussion of the new accounting guidance.

Accounting principles generally accepted in the United States prescribe a recognition threshold and measurement attribute for the accounting and financial statement disclosure of tax positions taken or expected to be taken in a tax return. The evaluation of a tax position is a two-step process. The first step requires the Company to determine whether it is more likely than not that a tax position will be sustained upon examination based on the technical merits of the position. The second step requires the Company to recognize in the financial statements each tax position that meets the more likely than not criteria, measured at the amount of benefit that has a greater than 50% likelihood of being realized. The Company had $4.1 million of unrecognized tax benefits at June 30, 2017, the total amount of which, if recognized, would affect the tax rate. The Company includes the full amount of unrecognized tax benefits in other liabilities in the Consolidated Balance Sheets. Additionally, the Company may from time to time be assessed interest and penalties by tax jurisdictions. Any such assessments historically have been immaterial to the Company’s financial results and are classified as other general and administrative expenses in the consolidated statements of income.