Note 16 - Income Taxes

9 Months Ended

Jan. 01, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE 16. INCOME TAXES

During the

three

months and

nine

months ended

January

1,

2017,

we recorded an income tax benefit from continuing operations of approximately

$0.2

million and an income tax expense of

$0.1

million, respectively. The income tax expense was primarily due to an income tax provision in foreign jurisdictions. During the

three

months and

nine

months ended

December

27,

2015,

we recorded an income tax benefit from continuing operations of approximately

$1.2

million and

$5.4

million, respectively. The income tax benefit was primarily due to application of intra-period allocation under ASC

740

 where losses from the continuing operations were utilized against income from discontinued operations.

During the

three

months ended

January

1,

2017,

the unrecognized tax benefits decreased by

$0.2

million to

$17.0

million primarily related to the lapsing of statute of limitations. If recognized,

$13.9

million of these unrecognized tax benefits (net of federal benefit) would be recorded as a reduction of future income tax provision before consideration of changes in valuation allowance.

Estimated interest and penalties related to the income taxes are classified as a component of the provision for income taxes in the condensed consolidated statement of operations. Accrued interest and penalties consisted of the following as of the dates indicated (in thousands): 

	January 1,		March 27,
	2017		2016
Accrued interest and penalties	$	1,585	$	1,364

Our major tax jurisdictions are the United States federal and various states, Canada, China, Hong Kong, Korea and certain other foreign jurisdictions. The fiscal years

2004

through

2016

remain open and subject to examinations by the appropriate governmental agencies in the United States and certain of our foreign jurisdictions.