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Income Taxes | 6 Months Ended
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Mar. 31, 2017
Income Taxes [Abstract] |
Income Taxes | 6 Income Taxes For the three and six months ended March 31, 2017 and April 1, 2016, the Company’s earnings before income taxes, income tax expense and effective income tax rate were as follows: ﻿
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﻿ | Three Months Ended | Six Months Ended
﻿ | March 31 | April 1 | March 31 | April 1
﻿(thousands, except tax rate data) | 2017 | 2016 | 2017 | 2016
﻿Profit before income taxes | $ | 21,837 | $ | 14,669 | $ | 21,792 | $ | 14,150
﻿Income tax expense |  | 7,878 |  | 5,348 |  | 3,777 |  | 5,363
﻿Effective income tax rate |  | 36.1% |  | 36.5% |  | 17.3% |  | 37.9%
﻿ |  |  |  |  |  |  |  |
The change in the Company’s effective tax rate for the three months ended March 31, 2017 versus the prior year period was primarily due to the impact of variances in income for entities with a valuation allowance. Also, the Company recorded tax benefit of $54 realized from the exercise of the Company’s share-based payment arrangements during the three-month period ended March 31, 2017. See “Note 14 – New Accounting Pronouncements” in the notes to the Company’s accompanying condensed consolidated financial statements for further discussion. The change in the Company’s effective tax rate for the six months ended March 31, 2017 versus the prior year period continues to be primarily due to the impact in the first quarter of a foreign tax credit net tax benefit of about $4,200 generated by the repatriation of approximately $22,000 from foreign jurisdictions into the U.S. ﻿ Adverse changes in profitability and financial outlook in both the U.S. and/or foreign jurisdictions or changes in the Company’s geographic footprint may require changes in valuation allowances in order to reduce the Company’s deferred tax assets. Such changes may drive fluctuations in the effective tax rate. The impact of the Company’s operations in jurisdictions where a valuation allowance is assessed, primarily in the foreign locations, is removed from the overall effective tax rate methodology and recorded directly based on year to date results for the year for which no tax expense or benefit can be recognized. The tax jurisdictions that have a valuation allowance for the periods ended March 31, 2017 and April 1, 2016 were: ﻿
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﻿March 31 | April 1
﻿2017 | 2016
﻿ | Australia |  | Australia
﻿ | Austria |  | France
﻿ | France |  | Italy
﻿ | Indonesia |  | Japan
﻿ | Italy |  | Netherlands
﻿ | Japan |  | New Zealand
﻿ | Netherlands |  | Spain
﻿ | New Zealand |  | Switzerland
﻿ | Spain |  |
﻿ | Switzerland |  |
﻿ The Company regularly assesses the adequacy of its provisions for income tax contingencies in accordance with the applicable authoritative guidance on accounting for income taxes. As a result, the Company may adjust the reserves for unrecognized tax benefits due to the impact of changes in its assumptions or as a result of new facts and developments, such as changes to interpretations of relevant tax law, assessments from taxing authorities, settlements with taxing authorities and lapses of statutes of limitation. The Company’s 2017 fiscal year tax expense is anticipated to include approximately $500 related to uncertain income tax positions. ﻿ In accordance with its accounting policy, the Company recognizes accrued interest and penalties related to unrecognized benefits as a component of income tax expense. The Company is projecting accrued interest of $250 related to uncertain income tax positions for the fiscal year ending September 29, 2017. ﻿ The Company files income tax returns, including returns for its subsidiaries, with federal, state, local and foreign taxing jurisdictions. The Company is currently undergoing income tax examinations in Italy, France, Germany and Indonesia. As of the date of this report, the following tax years remain open to examination by the respective tax jurisdictions: ﻿
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Jurisdiction | Fiscal Years
﻿United States | 2013-2016
﻿Canada | 2012-2016
﻿France | 2012-2016
﻿Germany | 2009-2016
﻿Italy | 2011-2016
﻿Japan | 2016
﻿Switzerland | 2006-2016

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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