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Income Taxes
3 Months Ended
Sep. 26, 2015
Income Tax Disclosure [Abstract]  
Income Taxes [Text Block]
INCOME TAXES

In the three months ended September 26, 2015 and September 27, 2014, the Company recorded an income tax provision (benefit) of $(10.0) million and $(5.5) million, respectively. The Company’s effective tax rate for the three months ended September 26, 2015 and September 27, 2014 was 12.2% and (5.8)%, respectively.

The Company’s federal statutory tax rate is 35%. The Company’s effective tax rate for the three months ended September 26, 2015 was lower than the statutory rate primarily because earnings of foreign subsidiaries, generated primarily by our international operations managed in Ireland, were taxed at lower tax rates, partially offset by stock-based compensation for which no tax benefit is expected.
 
The Company’s effective tax rate for the three months ended September 27, 2014 was lower than the statutory tax rate primarily because earnings of foreign subsidiaries, generated primarily by our international operations managed in Ireland, were taxed at lower rates, and a $24.8 million discrete benefit for the favorable settlement of a Singapore tax issue, partially offset by stock-based compensation for which no tax benefit is expected.

The Company’s federal corporate income tax returns are audited on a recurring basis by the IRS. In fiscal year 2012 the U.S. Internal Revenue Service commenced an audit of the Company’s federal corporate income tax returns for fiscal years 2009 through 2011, which is still ongoing.