Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
6 Months Ended
Jul. 30, 2016
Income Taxes  
Income Taxes

7.  Income Taxes    

 

Our effective income tax rate decreased to 25.9% for the second quarter of 2016 from 33.3% for the second quarter of 2015 primarily driven by lower U.S. income as compared to income earned in foreign jurisdictions.  Our effective income tax rate decreased to 30.4% for the first six months of 2016 from 33.8% for the first six months of 2015 primarily due to lower U.S. income as compared to income earned in foreign jurisdictions, which is partially offset by non-recurring true-ups recorded in the first quarter of 2016.