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Income Taxes

3 Months Ended

Apr. 01, 2014

The following table presents the Company's provision for income taxes for the first quarter ended April 1, 2014 and April 2, 2013 (dollars in thousands):



	April 1, 2014			April 2, 2013
Provision for income taxes	$	1,012		$	595
Effective tax rate	41.5		%	39.2		%

The 2014 estimated annual effective tax rate is expected to be 41.5% compared to 41.7% for 2013. The effective tax rate for the first quarter of 2014 includes the change to a 35% federal income tax rate compared to 34% in 2013.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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