Income Taxes

6 Months Ended

Oct. 02, 2011

Income Taxes [Abstract]

Income Taxes

Note 6. Income Taxes

The Company’s provision for income taxes was $4.3 million and $5.6 million for the three and six months ended October 2, 2011, respectively, and $6.7 million and $11.3 million for the three and six months ended September 26, 2010, respectively.

The effective tax rate was 8% and 17% for the six months ended October 2, 2011 and September 26, 2010, respectively. The effective tax rate is based upon the estimated income for the year, the composition of the estimated income in different tax jurisdictions, and the tax effect, if any, in the applicable quarterly periods of newly enacted tax legislation, resolution of tax audits, changes in uncertain tax positions, and other discrete tax related items. The allocation of taxable income to domestic and foreign tax jurisdictions impacts the effective tax rate, as the Company’s income tax rate in foreign jurisdictions is generally lower than its income tax rate in the United States.

The effective tax rate for the six months ended October 2, 2011 was favorably impacted by certain discrete tax related items, principally the resolution of state income tax examinations.

The Company’s federal consolidated income tax returns for fiscal years 2008 and 2009 are currently under examination by the Internal Revenue Service. Management does not believe that the results of these examinations will have a material impact on the Company’s financial condition or results of operations.