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Income taxes
9 Months Ended
Mar. 30, 2013
Income Tax Disclosure [Abstract]  
Income taxes
Income taxes
The Company’s effective tax rate on its income before income taxes was 40.3% in the third quarter of fiscal 2013 as compared with 26.6% in the third quarter of fiscal 2012. During the third quarter of fiscal 2013, the Company's effective tax rate was unfavorably impacted primarily by increases to valuation allowances and reserves.
For the first nine months of fiscal 2013 and 2012, the Company's effective tax rate was 23.2% and 28.3%, respectively. This decrease in the effective tax rate was due primarily to (i) the settlement of two IRS audits for the Company and an acquired company, and (ii) a non-taxable gain on a bargain purchase, partially offset by (iii) increases to valuation allowances and reserves. Due to the reduced level of income in the first nine months of fiscal 2013, the net favorable impact of these items on the effective tax rate was significant. The effective tax rate for the first nine months of fiscal 2013 was also impacted, to a lesser extent, by the mix of income earned in the lower tax rate jurisdictions.