Income Taxes

9 Months Ended

Mar. 24, 2013

Income Taxes

Income Taxes

7) Income Taxes

For the three and nine months ended March 24, 2013, income tax benefit of $22,000 and $170,000, respectively, was calculated on an effective income tax rate that is consistent with the statutory U.S. federal income tax rate of 34% adjusted for state income tax effects and permanent difference items. Management believes that future operations will generate sufficient taxable income, along with the reversal of temporary differences, to fully realize the deferred tax assets of $1.0 million.