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Income Taxes
3 Months Ended
Mar. 28, 2015
Income Taxes

NOTE 13 – INCOME TAXES

Income tax expense decreased by $1.9 million to a tax benefit of $0.1 million for the three months ended March 28, 2015 from an income tax expense of $1.8 million for the three months ended March 29, 2014. This decrease was primarily due to a decrease in pretax income during the first quarter of 2015 and $0.2 million of discrete tax benefit recognized during the first quarter of 2015 related to the tax benefit of the exercise of certain employee stock options. Our effective tax rate decreased to (16.9%) for the three months ended March 28, 2015 from 27.0% in the prior year period. Our effective tax rate continued to be lower than the statutory tax rate in the United States, primarily as a result of favorable tax rates in foreign jurisdictions. However, our effective tax rate could be impacted positively or negatively by geographic changes in the manufacturing or sales of our products and the resulting effect on taxable income in each jurisdiction.