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Income Taxes
6 Months Ended
Jul. 03, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
 
 
For the Three Months Ended
 
For the Six Months Ended
 
 
July 3,
2015
 
June 27,
2014
 
July 3,
2015
 
June 27,
2014
 
 
 
 
 
 
 
 
 
Effective Income Tax Rate
 
20.3
%
 
32.7
%
 
25.6
%
 
33.7
%


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 fiscal periods ended July 3, 2015, as compared to the rate for the corresponding period in the prior year is due to certain discrete items within the periods. The discrete items recognized in the three-month period ended July 3, 2015, are primarily the result of changes in tax laws which will allow the Company to realize future state tax benefits. Prior to the changes in the tax laws the Company established valuation allowances against certain net operating loss carryforwards, which are no longer deemed necessary as it is now more likely than not that these benefits will be realized in the future.