Note 8 - Income Taxes

3 Months Ended

Apr. 01, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

8.

Income Taxes

The effective tax rate for the 

first

quarter of

2017

was 

18.0%

compared to an effective tax rate of

28.8%

in the 

first

quarter of

2016.

The effective tax rates for both the

first

quarter of

2017

and the

first

quarter of

2016

are lower than the U.S. statutory tax rate primarily due to income earned in lower tax jurisdictions. Further, the effective tax rate for the

first

quarter of

2017

was lower than the effective tax rate for the

first

quarter of

2016

primarily due to a larger amount of income earned in lower tax jurisdictions in the

first

quarter of

2017

compared to the

first

quarter of

2016.