Income Taxes (Tables)

12 Months Ended

Sep. 28, 2012

Income (loss) from continuing operations before income taxes by source of income

The components of income from continuing operations before income taxes by source of income are as follows (in thousands):



	Fiscal Year Ended		Fiscal Year Ended		Fiscal Year Ended
	September 28, 2012		September 30, 2011		October 1, 2010
United States	$	90,000	$	9,818	$	(63,122	)
Non-U.S.	90,470		112,131		96,108
	$	180,470	$	121,949	$	32,986

Provision (benefit) for income taxes

The provision for income taxes consists of (in thousands):



	Fiscal Year Ended			Fiscal Year Ended			Fiscal Year Ended
	September 28, 2012			September 30, 2011			October 1, 2010
Current:
Federal	$	63,856		$	7,244		$	10,722
State and local	9,327			9,511			8,325
Non-U.S.	32,301			34,356			29,037
	$	105,484		$	51,111		$	48,084
Deferred:
Federal	$	(42,515	)	$	(22,885	)	$	(31,125	)
State and local	(11,189		)	(8,946		)	(9,300		)
Non-U.S.	(12,909		)	(10,260		)	(6,996		)
	(66,613		)	(42,091		)	(47,421		)
	$	38,871		$	9,020		$	663

Effective Income Tax Rate Reconciliation

The provision for income taxes varies from the amount determined by applying the United States Federal statutory rate to pretax income as a result of the following (all percentages are as a percentage of pretax income):



	Fiscal Year Ended		Fiscal Year Ended		Fiscal Year Ended
	September 28, 2012		September 30, 2011		October 1, 2010
United States statutory income tax rate	35.0	%	35.0	%	35.0	%
Increase (decrease) in taxes, resulting from:
State income taxes, net of Federal tax benefit	1.1		2.2		(2.7	)
Foreign taxes	(7.7	)	(8.4	)	(24.2	)
Permanent book/tax differences	(0.4	)	1.0		2.2
Uncertain tax positions	(1.6	)	(13.9	)	7.2
Tax credits & other	(4.9	)	(8.5	)	(15.5	)
Effective income tax rate	21.5	%	7.4	%	2.0	%

Components of deferred taxes

As of September 28, 2012 and September 30, 2011, the components of deferred taxes are as follows (in thousands):



	September 28, 2012			September 30, 2011
Deferred tax liabilities:
Property and equipment	$	82,627		$	82,168
Investments	95,445			92,802
Other intangible assets, including goodwill	717,583			742,474
Other	13,095			10,988
Gross deferred tax liability	908,750			928,432
Deferred tax assets:
Insurance	41,443			38,927
Employee compensation and benefits	214,847			190,106
Accruals and allowances	43,781			32,313
Derivatives	31,879			56,207
Net operating loss/credit carryforwards and other	37,509			9,287
Gross deferred tax asset, before valuation allowances	369,459			326,840
Valuation allowances	(15,187		)	(10,426		)
Net deferred tax liability	$	554,478		$	612,018

Reconciliation of the beginning and ending amount of gross unrecognized tax benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits follows (in thousands):



	September 28, 2012
Gross unrecognized tax benefits at September 30, 2011	$	34,040
Additions based on tax positions taken in the current year	2,304
Reductions for tax positions taken in prior years	(254		)
Reductions for remeasurements, settlements and payments	(3,306		)
Reductions due to statute expiration	(807		)

Gross unrecognized tax benefits at September 28, 2012	$	31,977


	September 30, 2011
Gross unrecognized tax benefits at October 1, 2010	$	49,274
Additions based on tax positions taken in the current year	3,353
Additions for tax positions taken in prior years	1,312
Reductions for remeasurements, settlements and payments	(19,331		)
Reductions due to statute expiration	(568		)

Gross unrecognized tax benefits at September 30, 2011	$	34,040