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1, originally known as the Tax Cuts and Jobs Act (Tax Act) enacted on December 22, 2017. During the Company's fiscal third quarter ending February 25, 2018, the Company will be required to revalue its deferred tax assets and deferred tax liabilities to account for the future impact of lower corporate tax rates on these deferred amounts. Based upon preliminary analysis, the Company estimates that it will record non cash net tax benefits of approximately $70 million, or approximately $0.56 per diluted share, related to the revaluation of these deferred tax items.Additionally, and excluding the deferred tax revaluation benefit mentioned above, the Company estimates that the impact of the lower corporate tax rates under the Tax Act will reduce its fiscal 2018 effective tax rate by 600 basis points.

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