Income Taxes (Tables)

3 Months Ended

Apr. 26, 2015

A reconciliation of the beginning and ending amount of net unrecognized tax benefits is as follows:



(in thousands)
Balance at January 25, 2015	7,774
Additions based on tax positions related to the current year	122
Reductions for tax positions of prior years, net	(253	)
Balance as of April 26, 2015	7,643

Liability For Uncertain Tax Positions

The liability for UTP is reflected within the consolidated balance sheets as follows:



(in thousands)	April 26, 2015		January 25, 2015
Deferred tax assets - non-current	$	7,643	$	7,522
Other long-term liabilities	—		252
Total accrued taxes	$	7,643	$	7,774

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details