Income Taxes Income Taxes

8 Months Ended

May 07, 2017

Income Tax [Abstract]

Income Tax Disclosure [Text Block]

The Company’s reported effective income tax rates for the third quarter and first thirty-six weeks of 2017 were 26.8% and 32.0%, respectively, compared to 34.2% and 34.7% for the third quarter and first thirty-six weeks of 2016, respectively, which include the net impact of discrete tax items. The provision for income taxes in the third quarter and first thirty-six weeks of 2017 was favorably impacted by discrete net tax benefits of $82 and $88, respectively, primarily due to an $82 tax benefit recorded in the third quarter of 2017 in connection with the special cash dividend payable to employees, who through the Company's 401(k) Retirement Plan owned approximately 30,000,000 shares of Company common stock through an Employee Stock Ownership Plan. Dividends on these shares are deductible for U.S. income tax purposes.