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INCOME TAXES
6 Months Ended
Jun. 28, 2014
INCOME TAXES  
INCOME TAXES

NOTE 9 – INCOME TAXES

 

For the three and six months ended June 28, 2014, the Company recorded income tax expense from continuing operations of $2.1 million and $2.2 million at an effective tax rate of 32.7%.   For the three and six months ended June 29, 2013, the Company recorded income tax expense from continuing operations of $2.4 million and $3.7 million at an effective tax rate of 37.7% and 36.0% respectively.  The year-over-year reduction in effective tax rate was primarily due to reductions in: (1) the Company’s state effective tax rate due to mix of income by state, (2) increased benefit from its captive insurance company, and (3) increased benefit from the allowable domestic manufacturing deduction.