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INCOME TAXES
9 Months Ended
Sep. 26, 2015
INCOME TAXES  
INCOME TAXES

 

NOTE 7 — INCOME TAXES

 

For the three months ended September 26, 2015, the Company recorded income tax expense of $1.3 million at an effective tax rate of 32.3% compared with $1.2 million at an effective tax rate of 33.3% for the three months ended September 27, 2014.  For the nine months ended September 26, 2015, the Company recorded income tax expense of $4.3 million at an effective tax rate of 32.1% compared with $3.4 million at an effective tax rate of 32.9% for the nine months ended September 27, 2014.  The rates differ from the federal statutory rate primarily because of varying state income tax rates and permanent federal income tax differences including benefits from a captive insurance company and the allowable domestic manufacturer deduction.