XML 62 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
9 Months Ended
Mar. 30, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The effective tax rate for the third quarter of fiscal 2014 was 26.1%, compared to 27.6% for the same respective period of fiscal 2013. The tax rate for the third quarter of fiscal 2014 included a taxpayer election which provided the Company a $2.9 million tax benefit that was previously unavailable as well as a benefit of $0.7 million from income related to foreign operations subject to different statutory tax rates.  The tax rate for the third quarter of fiscal 2013 included benefits for the reenactment of the U.S. federal research and development and other credits in the amount of $1.0 million, foreign tax credits in the amount of $0.5 million, and $1.7 million from income related to foreign operations subject to different statutory rates. The effective tax rate for the first nine months of fiscal 2014 was 26.6%, compared to 27.5% for the same respective period of fiscal 2013.

For the nine months ended March 30, 2014, the Company's unrecognized tax benefits increased by $0.3 million, of which $0.3 million impacted the current effective tax rate.

Income tax returns are filed in the U.S., state, and foreign jurisdictions and related audits occur on a regular basis. In the U.S., the Company is no longer subject to U.S. federal income tax examinations before fiscal 2010 and is currently under audit by U.S. federal and various state jurisdictions. With respect to the Company's major foreign jurisdictions, they are no longer subject to income tax examinations before fiscal 2003.