Income Tax - Notes to the Financial Statements

6 Months Ended

Jul. 29, 2017

IncomeTaxDisclosureAbstract

Income Tax Disclosure [Text Block]

The Company had a $1.2 million tax benefit for the quarter ended July 29, 2017 compared to a $2.1 million expense for the quarter ended July 30, 2016. For the first six months of 2017, the Company’s effective tax rate was 10.8% compared to 24.1% for the first six months of 2016. The decrease in the effective tax rate is attributable to lower earnings, a higher proportion of income being generated from jurisdictions with lower tax rates, ongoing savings from tax initiatives, and a change in estimate for uncertain tax positions. See Note 1, General.