Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Income Taxes

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Note 16 - Income Taxes
9 Months Ended
Jan. 01, 2017
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
NOTE
16.
INCOME TAXES
 
During the
three
months and
nine
months ended
January
1,
2017,
we recorded an income tax benefit from continuing operations of approximately
$0.2
million and an income tax expense of
$0.1
million, respectively. The income tax expense was primarily due to an income tax provision in foreign jurisdictions. During the
three
months and
nine
months ended
December
27,
2015,
we recorded an income tax benefit from continuing operations of approximately
$1.2
million and
$5.4
million, respectively. The income tax benefit was primarily due to application of intra-period allocation under ASC
740
 where losses from the continuing operations were utilized against income from discontinued operations.
 
During the
three
months ended
January
1,
2017,
the unrecognized tax benefits decreased by
$0.2
million to
$17.0
million primarily related to the lapsing of statute of limitations. If recognized,
$13.9
million of these unrecognized tax benefits (net of federal benefit) would be recorded as a reduction of future income tax provision before consideration of changes in valuation allowance.
 
Estimated interest and penalties related to the income taxes are classified as a component of the provision for income taxes in the condensed consolidated statement of operations. Accrued interest and penalties consisted of the following as of the dates indicated (in thousands): 
 
 
 
January 1,
 
 
March 27,
 
 
 
2017
 
 
2016
 
Accrued interest and penalties
  $
1,585
    $
1,364
 
 
Our major tax jurisdictions are the United States federal and various states, Canada, China, Hong Kong, Korea and certain other foreign jurisdictions. The fiscal years
2004
through
2016
remain open and subject to examinations by the appropriate governmental agencies in the United States and certain of our foreign jurisdictions.