

Note 12	Income Taxes

The Company’s effective tax rate can vary considerably from period to period, depending on a number of factors. The Company’s consolidated effective tax rates were 32.3% and 26.5% for the thirteen weeks and 31.0% and 26.2% for the twenty-six weeks ended July 30, 2016 and August 1, 2015, respectively.

During the thirteen weeks ended July 30, 2016, the Company recognized a discrete tax benefit of $0.2 million reflecting the favorable settlement of a federal tax audit issue. During the thirteen weeks ended August 1, 2015, the Company recognized discrete tax benefits of $1.3 million. If these discrete tax benefits had not been recognized during the thirteen weeks ended July 30, 2016 and August 1, 2015, the Company's effective tax rates would have been 33.0% and 32.0%, respectively.

The Company recognized discrete tax benefits of $0.9 million during the twenty-six weeks ended July 30, 2016, reflecting the settlement of a federal tax audit issue. During the twenty-six weeks ended August 1, 2015 , the Company recognized discrete tax benefits of $2.9 million. If these discrete tax benefits had not been recognized during the twenty-six weeks ended July 30, 2016 and August 1, 2015, the Company's effective tax rate would have been 32.7% and 32.1%, respectively.