Interest expense, net was $0.8 million compared to $0.7 million last year.Income tax expense was $5.6 million at an effective tax rate of 38.4%, compared to an effective tax rate of 33.7% in 2012. The higher effective tax rates are primarily due to higher state income taxes in 2013 and the recognition of worker opportunity tax credits and foreign income taxes in 2012. The effective tax rates differ from statutory rates due to credits and permanent differences between reported income before income taxes and taxable income for tax purposes.
AFC Enterprises Reports Earnings For Third Quarter 2013; Narrows Fiscal Year 2013 EPS Guidance
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