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Income Taxes
6 Months Ended
Apr. 01, 2016
Income Tax Disclosure [Abstract]  
Income Taxes

Income Taxes

The Company’s consolidated effective income tax rate for the three months ended April 1, 2016 declined to 29.9% from 31.7% for the corresponding period last year. The decrease in the tax rate for the three months ended April 1, 2016 as compared to the corresponding period last year was primarily the result of a change in the Company’s geographic income mix due to international restructuring efforts, which increased the operational effective tax rate.  This increase, however, was offset by certain discrete tax benefits recognized during the second quarter of fiscal 2016.  The Company realized benefits associated with certain federal tax refunds received during the quarter as well as benefits associated with the release of a foreign tax reserve due to statute expiration.  In connection with the release of the foreign tax reserve, the Company also reversed accrued interest expense of $2.7 million of accrued interest expense and $5.1 million of accrued penalties, which is recorded in Other Income (Expense) in the Consolidated Statements of Earnings.

The Company’s effective income tax rate for the six months ended April 1, 2016 declined to 23.3% from 31.5% for the corresponding period last year.  Contributing to the decrease was the release of a valuation allowance of $11.2 million in the first quarter of fiscal 2016 related to certain foreign net operating losses combined with the discrete benefits realized during the three months ended April 1, 2016 as described in the preceding paragraph, partially offset by the change in geographic income mix.