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INCOME TAXES
3 Months Ended
Jan. 29, 2012
INCOME TAXES [Abstract]  
INCOME TAXES
NOTE 9 - INCOME TAXES

    The effective income tax rates differ from the rates computed by applying the U.S. statutory rate of 35% to income before income taxes in the first quarters of fiscal 2012 and 2011, primarily due to a higher level of earnings being taxed at lower statutory rates in foreign jurisdictions.  In the first quarter of 2012, the impact of the lower statutory rates was offset as, due to valuation allowances, no income tax benefit was recognized in jurisdictions in which the Company incurred losses before income taxes.  Further, in fiscal 2012 and 2011 in Korea, and in fiscal 2011 at PSMC in Taiwan, various investment tax credits have been earned which also reduced the Company's effective income tax rate in that year.

     The Company accounts for uncertain tax positions by recording a liability for unrecognized tax benefits resulting from uncertain tax positions taken, or expected to be taken, in its tax returns. The Company recognizes any interest and penalties related to uncertain tax positions in the income tax provision in its condensed consolidated statements of income.

    Unrecognized tax benefits associated with uncertain tax positions of $2.0 million and $1.9 million are included in the condensed consolidated balance sheets at January 29, 2012 and October 30, 2011, respectively, of which, at both dates, $0.5 million is included in accrued liabilities, and the balances are included in other liabilities. Included in these amounts were $0.1 million for interest and penalties in the two periods. If recognized, the benefits would favorably affect the Company's effective income tax rate in future periods. As of January 29, 2012, the Company believes it is not reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease in the next twelve months. Currently, the statutes of limitations remain open subsequent to, and including, 2008 in the U.S., 2009 in the U.K., 2008 in Germany, 2011 in Korea, 2010 in Taiwan and 2006 in Singapore.

     PKLT, the Company's FPD manufacturing facility in Taiwan, is accorded a tax holiday which commences in 2012 and expires in 2017. The availability of this tax holiday did not have a significant impact on the Company's decision to increase its Asian presence, as the Company's decision was in response to market changes that took place in the semiconductor industry. This tax holiday had no dollar or per share effect in the three month periods ended January 29, 2012 and January 30, 2011.