XML 27 R16.htm IDEA: XBRL DOCUMENT v3.4.0.3
INCOME TAXES
3 Months Ended
May. 01, 2016
Notes to Financial Statements [Abstract]  
INCOME TAXES
INCOME TAXES

The effective income tax rates for the thirteen weeks ended May 1, 2016 and May 3, 2015 were 12.8% and 22.4%, respectively.
The effective income tax rate for the thirteen weeks ended May 1, 2016 was lower than the United States statutory rate due to the benefit of lower tax rates in international jurisdictions where the Company files tax returns. Also contributing to the lower effective income tax rate in the thirteen weeks ended May 1, 2016 was the benefit of certain discrete items, including the lower tax rate applicable to the pre-tax gain recorded to write-up the Company’s existing equity investment in TH China to fair value.
The effective income tax rate for the thirteen weeks ended May 3, 2015 was lower than the United States statutory rate due to the benefit of lower tax rates in international jurisdictions where the Company files tax returns.