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Income Taxes
9 Months Ended
Dec. 29, 2013
Income Tax Disclosure [Abstract]  
Income Taxes

Note 7. Income Taxes

The Company’s provision for income taxes from continuing operations was $0.7 million and $3.7 million for the three and nine months ended December 29, 2013, respectively, and $1.6 million and $6.5 million for the three and nine months ended December 30, 2012, respectively. The provision for income taxes is based on 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.

During the nine months ended December 29, 2013, the Company determined that certain positions would be taken on various state income tax returns and recorded liabilities for unrecognized tax benefits of $5.3 million related to these tax positions.

 

The Company’s federal consolidated income tax returns for fiscal years 2010, 2011 and 2012 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.