Income Tax Disclosure

3 Months Ended

Jun. 27, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure Text Block

13.The effective tax rate was 35.0% and 136.3% for the three month periods ended June27, 2015 and June28, 2014, respectively. With the low pre-tax earnings in the prior year’s first quarter, permanent items have a larger impact on the effective tax rate. Of the 101.3percentage point decrease in the effective tax rate for this period, the major contributors to this decrease are the following item: the re-establishment of the valuation allowance related to New York State Investment Tax Credit of $384,000 charge (130.2 percentage points) last quarter, due to a change in the law, which is a discrete item and therefore is required to be recorded in the prior year’s first quarter. This item was partially offset by $92,000 credit (31.2 percentage points) related to interest received on tax refunds also recorded in the prior year’s first quarter.The research and experimentation credit, work opportunity credit and fuel tax credit have not been signed into law so there is no provision for these credits in the current or prior quarter.