Income taxes



	13 weeks ended
	May 4, 2019		May 5, 2018
Effective tax rate before discrete items	14.7	%	28.3	%
Discrete items recognized	(1.7	)%	(13.5	)%
Effective tax rate recognized in statement of operations	13.0	%	14.8	%

During the 13 weeks ended May 4, 2019, the Company’s effective tax rate was lower than the US federal income tax rate primarily due to the favorable impact of foreign tax rate differences and benefits from global reinsurance arrangements. The forecasted annual effective tax rate excludes the effects of any discrete items that may be recognized in future periods.

There has been no material change in the amounts of unrecognized tax benefits, or the related accrued interest and penalties (where appropriate), in respect of uncertain tax positions identified as of February 2, 2019.