Note 10 - Income Taxes

6 Months Ended

Jul. 02, 2016

Notes to Financial Statements

Income Tax Disclosure [Text Block]

10

. Income Taxes

The effective tax rate for the second quarter of 2016 was 20.2% compared to an effective tax rate of 23.9% in the second quarter of 2015. The effective tax rate for the six months ended July 2, 2016 was 24.0% as compared to an effective tax rate of 24.1% for the six months ended June 27, 2015. The effective tax rates for all periods presented are lower than the U.S. statutory tax rate primarily due to income earned in lower tax jurisdictions.