XML 53 R15.htm IDEA: XBRL DOCUMENT v3.2.0.727
Income Taxes
6 Months Ended
Jun. 28, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The income tax provision is calculated using an estimated annual effective tax rate, based upon expected annual income, permanent items, statutory rates and planned tax strategies in the various jurisdictions in which the Company operates. However, losses in certain jurisdictions and discrete items, such as the resolution of uncertain tax positions, are treated separately.
The Company’s effective income tax rate for the second quarter and first six months of 2015 was 27.5% and 28.6% respectively. The Company’s effective income tax rate for the second quarter and first six months of 2014 was 28.3% and 27.2%, respectively. The first six months of 2015 included $1.1 million in net income tax benefits, compared with net income tax benefits of $2.1 million for the first six months of 2014. The second quarter of 2015 included income tax benefits of $1.3 million compared with net tax expense for discrete items of $0.2 million for the second quarter of 2014. Excluding net discrete tax items in both periods, the effective tax rates would have been 29.5% for both the second quarter and first six months of 2015 and 28.1% for the second quarter of 2014 and 28.7% for the first six months of 2014.