Note 16 - Income Taxes
|9 Months Ended|
Jan. 01, 2017
|Notes to Financial Statements|
|Income Tax Disclosure [Text Block]||
2017,we recorded an income tax benefit from continuing operations of approximately
$0.2million and an income tax expense of
$0.1million, respectively. The income tax expense was primarily due to an income tax provision in foreign jurisdictions. During the
2015,we recorded an income tax benefit from continuing operations of approximately
$5.4million, respectively. The income tax benefit was primarily due to application of intra-period allocation under ASC
740where losses from the continuing operations were utilized against income from discontinued operations.
2017,the unrecognized tax benefits decreased by
$17.0million primarily related to the lapsing of statute of limitations. If recognized,
$13.9million 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):
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
2016remain open and subject to examinations by the appropriate governmental agencies in the United States and certain of our foreign jurisdictions.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef