INCOME TAXES

9 Months Ended

Mar. 24, 2021

Income Tax Disclosure [Abstract]

Income Taxes

	Thirteen Week Periods Ended				Thirty-Nine Week Periods Ended
	March 24, 2021		March 25, 2020		March 24, 2021		March 25, 2020
Effective income tax rate	11.7	%	(13.2)	%	0.4	%	(0.8)	%

The federal statutory tax rate for the periods presented was 21.0%. Our effective income tax rate for the thirteen and thirty-nine week periods ended March 24, 2021 was lower than the federal statutory rate primarily due to the favorable impact from the FICA tip tax credit. The thirty-nine week period ended March 24, 2021 also included the favorable impact of excess tax benefits associated with stock-based compensation.

A reconciliation between the reported Provision (benefit) for income taxes and the amount computed by applying the statutory federal income tax rate to Income before income taxes is as follows:

	Thirty-Nine Week Period Ended
	March 24, 2021
Income tax expense at statutory rate - 21.0%	$	11.9
FICA tip tax credit	(12.2)
Stock-based compensation excess tax benefits	(2.0)
State income taxes, net of federal benefit	3.3
Other	(0.8)
Provision (benefit) for income taxes - 0.4%	$	0.2

Our effective income tax rate for the thirteen and thirty-nine week periods ended March 25, 2020 was lower than the federal statutory rate due to reduced profitability related to the COVID-19 pandemic that resulted in the closure of all dining and banquet rooms by the end of the third quarter of fiscal 2020, and the favorable impact of the FICA tip tax credit. The Provision (benefit) for income taxes included a significant reduction for the thirteen week period ended March 25, 2020 necessary to align the year-to-date Provision (benefit) for income taxes to the year-to-date Income before income taxes.