Income Taxes

The following table presents the Company's provision (benefit) for income taxes for the first two quarters ended June 30, 2015 and July 1, 2014 (dollars in thousands):



	Fiscal Quarter Ended						Two Fiscal Quarters Ended
	June 30, 2015			July 1, 2014			June 30, 2015			July 1, 2014
Provision (benefit) for income taxes	$	1,756		$	2,378		$	(39	)	$	3,389
Effective tax rate	36.5		%	40.3		%	14.3		%	40.6		%

The effective tax rate for the second quarter of 2015 and the first two quarters of 2015 reflects a projected federal tax rate of 34%, compared to 35% for the second quarter of 2014 and the first two quarters of 2014, as well as a discrete benefit for additional employment tax credits in the second quarter of 2015. The 2015 estimated annual effective tax rate is expected to be between 39% and 40% compared to 38.4% for 2014 due to an increase in estimated non-deductible expenses.