INCOME TAXES

3 Months Ended

Mar. 30, 2019

INCOME TAXES

INCOME TAXES

H.       INCOME TAXES

Effective tax rates differ from statutory federal income tax rates, primarily due to provisions for state and local income taxes and permanent tax differences.  Our effective tax rate was 24.3% in the first quarter of 2019 compared to 22.2% for same period in 2018.  The increase was primarily due to recording certain discrete state income tax items in 2018, which lowered the effective tax rate last year.