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Income Taxes

6 Months Ended

Jun. 27, 2014

INCOME TAXES



	For the Three Months Ended				For the Six Months Ended
	June 27, 2014		June 28, 2013		June 27, 2014		June 28, 2013

Effective Income Tax Rate	32.8	%	35.6	%	33.8	%	34.4	%

The effective income tax rate represents the combined federal, state and foreign tax effects attributable to pretax earnings for the year. The decrease in the effective tax rate for the three-month and six-month periods ended June 27, 2014, as compared to the rates for the same periods in the prior year is primarily due to a reduction in the effective state tax rate and discrete tax benefits in the second quarter of 2014, which include the recognition of a foreign exchange loss and additional inventory-related tax benefits.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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