|
Income Taxes
|
6 Months Ended |
|---|---|
|
Jun. 27, 2009
|
|
| Income Taxes [Abstract] | |
| Income Taxes |
9. Income Taxes
Our earnings before taxes decreased 36.8% when compared to
the same quarter in 2008, and our income tax expense
decreased by $22,101, to $37,970, for the 13-week period
ended June 27, 2009, from $60,071 for the 13-week period
ended June 28, 2008, due to our earnings before taxes
decline. The effective tax rate was 19.0% for both the
13-weeks and 26-weeks ended June 27, 2009 and the 13-weeks
and 26-weeks ended June 28, 2008. We have experienced a
relatively low effective corporate tax rate due to the
proportion of our revenue generated by entities in tax
jurisdictions with low statutory rates. In particular, the
profit entitlement afforded our parent company based on its
intellectual property rights ownership of our consumer
products along with substantial tax incentives offered by the
Taiwanese government on certain high-technology capital
investments have continued to generate a relatively low tax
rate.
|