Note 15 - Income Taxes

6 Months Ended

Jul. 04, 2015

Notes to Financial Statements

Income Tax Disclosure [Text Block]

15. Income Taxes

The projected fiscal 2015 effective income tax rate as of July 4, 2015 is approximately 41.5% and 26.5% in the United States and Canada, respectively, and yielded a consolidated effective income tax rate of approximately 37.3% for the twenty-six week period ended July 4, 2015. For the comparable prior year period estimated income tax rates were 41.7% and 28.4% in the United States and Canada, respectively, and yielded a consolidated effective income tax rate of approximately 36.1% for the twenty-six week period ended June 28, 2014.  The relative income or loss generated in each jurisdiction can materially impact the overall effective income tax rate of the Company.