Income Taxes Income Taxes (Notes)

3 Months Ended

Jul. 30, 2016

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 13. Income Taxes

We recorded an income tax benefit of $25,512 on a pre-tax loss of $53,428 during the 13 weeks ended July 30, 2016, which represented an effective income tax rate of 47.8% and an income tax benefit of $21,325 on pre-tax loss of $48,243 during the 13 weeks ended August 1, 2015, which represented an effective income tax rate of 44.2%.

The income tax provision for the 13 weeks ended July 30, 2016 reflects the impact of nondeductible expenses, principally nondeductible compensation expense, partially offset by income tax credits. Management expects nondeductible compensation expense for the current fiscal year to be significantly higher than in previous years because of limitations on deductibility of certain elements of our compensation program imposed by Section 162(m) of the Internal Revenue Code. Management expects that nondeductible compensation in future fiscal years will be lower than the current fiscal year as our compensation plans are brought in alignment with performance based requirements.