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Income Taxes
 6 Months Ended
Jul. 29, 2023
Income Taxes [Abstract]  
Income Taxes
NOTE 9 – INCOME TAXES:
The Company had
 
an effective
 
tax rate for
 
the first six
 
months of 2023
 
of
38.5
% compared to
50.6
% for
the first six months of 2022. The change in the effective tax rate for the first six months of 2023 compared
to the
 
prior year
 
was primarily
 
due to
 
a decrease
 
in Global
 
Intangible Low-taxed
 
Income (GILTI),
 
state
income taxes, non-deductible officer’s compensation, and increases in foreign tax credits and employment
credits, partially offset by the foreign rate differential.