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Income Taxes
6 Months Ended
Jul. 04, 2015
Income Tax Disclosure [Abstract]  
Income Taxes

Note 17 – Income Taxes

The Company recognized a tax benefit of $9.3 million for the six-months ended July 4, 2015 compared to a tax expense of $15.4 million for the corresponding period in the prior year. The Company’s effective tax rates were 8.4% and 18.2% as of July 4, 2015 and June 28, 2014, respectively. The Company’s effective tax rate was lower than the federal statutory rate of 35% primarily due to pre-tax losses in the United States in excess of pre-tax income in various non-US jurisdictions, which was offset by the corporate structure realignment. The Company’s effective tax rate in 2014 benefited from lower taxes on income in various non-US jurisdictions.

Since the date of the Enterprise acquisition, the Company has been executing its integration plan for the Enterprise business (the “Integration Plan”). The Company anticipates completing the Integration Plan as soon as practicable and expects that the Integration Plan will allow the combined businesses to achieve further synergies and cost savings associated with the acquisition. As part of the Integration Plan, the Company began realigning certain acquired assets of the Enterprise business with and into the Company’s corporate structure and business model. The realignment resulted in a discrete charge of approximately $31.6 million in the second quarter of 2015.