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Income Taxes
3 Months Ended
Mar. 29, 2014
Income Taxes [Abstract]  
Income Taxes

NOTE 9.  Income Taxes  

  

The Company recorded a provision for income taxes of $1.8 million and $4.2 million for the three months ended March 29, 2014 and March 30, 2013, respectively.

 

The Company’s effective tax rate was (77%) and (95%), respectively, for the three months ended March 29, 2014 and March 30, 2013, respectively.

 

For each of the first quarters of 2014 and 2013, the difference between the Company’s effective tax rate and the 35% federal statutory rate results primarily from changes in accruals related to unrecognized tax benefits, non-deductible amortization of intangible assets, and the amortization of prepaid taxes, partially offset by foreign earnings eligible for tax rates lower than the federal statutory rate. 

 

As at March 29, 2014, the Company’s liability for unrecognized tax benefits on a world-wide consolidated basis was $38.0 million. The ultimate recognition of an amount different from this estimate would affect the Company’s effective tax rate.