Note 14 - Income Taxes

9 Months Ended

Dec. 29, 2018

14.	Income Taxes

The effective tax rate from continuing operations was

25.7%

and (

21.4

)% for the

nine

month periods ended

December 29, 2018

and

December 30, 2017,

respectively. The

47.1

percentage point increase in the effective tax rate is the result of a

38.1%

increase due to the Tax Cuts and Jobs Act and a

8.6%

increase due to federal and state income tax credits. The amount of federal and state income tax credits has remained consistent with the prior year. However, the percentage of federal and state income tax credits in relation to the

2019

pre-tax loss versus the percentage of state credits in relation to the

2018

pre-tax income has resulted in a significant increase.