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Income Taxes
9 Months Ended
Sep. 28, 2013
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
The effective tax rate for the three months ended September 28, 2013 was 21.6% versus 24.5% for the three months ended September 29, 2012. The effective tax rate for the nine months ended September 28, 2013 was 23.3% versus 27.4% for the nine months ended September 29, 2012. The change in the third quarter effective rate was primarily driven by the favorable adjustments related to the finalization of the 2012 U.S. Federal income tax return and the global distribution of earnings, compared to the third quarter 2012. The change in the nine month effective rate was driven by the same factors as the third quarter as well as the by the 2012 research and development retroactive reinstatement which was recorded in the first quarter of 2013. The lower effective rate as compared to the 35.0% statutory Federal income tax rate is driven by lower foreign tax rates.
As of September 28, 2013 and December 29, 2012, the Company had approximately $4.5 million and $5.7 million, respectively, of unrecognized tax benefits, all of which would affect its effective tax rate if recognized. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense.
The Company files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. U.S. federal tax returns from 2010 through 2012 and various state and foreign tax returns remain subject to income tax examinations by tax authorities.