INCOME TAXES

9 Months Ended

Jun. 23, 2012

INCOME TAXES

INCOME TAXES

C.            INCOME TAXES

In calculating the provision for income taxes on an interim basis, the Company uses an estimate of the annual effective tax rate based upon the facts and circumstances known and applies that rate to its ordinary year-to-date earnings or losses. The effect of discrete items, such as unusual or infrequently occurring events, is recognized in the interim period in which the discrete item occurs.

The provision for income taxes differs from that computed using the statutory federal income tax rates for the following reasons:

	(000’s Omitted)
	Nine Months Ended
	June 23, 2012					June 25, 2011
Federal taxes at statutory rates	$	1,922		35.0	%	$	(3,539	)	34.0	%
State taxes, net of federal tax benefit	257			4.7		(690		)	6.6
Federal manufacturer’s deduction	(136		)	(2.5	)	81			(0.8	)
Other	(12		)	(0.2	)	21			(0.2	)
Total	$	2,031		37.0	%	$	(4,127	)	39.7	%