Income Taxes

6 Months Ended

Jul. 27, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company’s interim income tax provisions are based on the effective income tax rate expected to be applicable for the full fiscal year, adjusted for specific items that are required to be recognized in the period in which they occur. Deferred tax assets and liabilities are based on the enacted tax rate that will apply in future periods when such assets and liabilities are expected to be settled or realized.

The Company’s effective income tax rate of 30.0% and 27.7% for the six months ended July 27, 2019 and July 28, 2018, respectively, differs from the statutory rate for the tax jurisdictions where it operates primarily as the result of the impact of non-deductible and non-taxable items, tax credits recognized in relation to pre-tax results, and certain tax impacts from the vesting and exercise of share-based awards. Additionally, during the three months ended July 27, 2019, the Company recognized $1.1 million of income tax expense related to a previous tax year filing.