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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 29, 2022
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Income before income taxes consists of the following:
| Fiscal Years Ended
| June 29, 2022 |  | June 30, 2021 |  | June 24, 2020
Domestic | $ | 113.5 |  |  | $ | 146.7 |  |  | $ | 5.0 |
Foreign | 1.7 |  |  | (1.5) |  |  | (0.1) |
Income before income taxes | $ | 115.2 |  |  | $ | 145.2 |  |  | $ | 4.9 |
Provision (Benefit) For Income Taxes and Effective Tax Rate | The Provision (benefit) for income taxes and effective tax rate consists of the following:
| Fiscal Years Ended
| June 29, 2022 |  | June 30, 2021 |  | June 24, 2020
Current income tax (benefit) expenses: |  |  |  |  |
Federal | $ | 5.8 |  |  | $ | 11.6 |  |  | $ | (32.9) |
State | 3.7 |  |  | 14.4 |  |  | 4.8 |
Foreign | (0.3) |  |  | 0.0 |  |  | 0.0 |
Total current income tax (benefit) expenses | 9.2 |  |  | 26.0 |  |  | (28.1) |
Deferred income tax (benefit) expenses: |  |  |  |  |
Federal | (15.7) |  |  | (9.4) |  |  | 8.8 |
State | 3.7 |  |  | (3.0) |  |  | (0.2) |
Foreign | 0.4 |  |  | — |  |  | 0.0 |
Total deferred income tax (benefit) expenses | (11.6) |  |  | (12.4) |  |  | 8.6 |
Provision (benefit) for income taxes | $ | (2.4) |  |  | $ | 13.6 |  |  | $ | (19.5) |
Effective tax rate | (2.1) | % |  | 9.4 | % |  | (398.0) | %
Reconciliation Between Reported Provision (Benefit) for Income Taxes And Amount Computed By Statutory Federal Income Tax Rate | 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:
| Fiscal Years Ended
| June 29, 2022 |  | June 30, 2021 |  | June 24, 2020
Income tax expense at statutory rate | $ | 24.2 |  |  | $ | 30.5 |  |  | $ | 1.0 |
FICA and other tax credits | (32.9) |  |  | (24.7) |  |  | (24.8) |
State income taxes, net of Federal benefit | 6.2 |  |  | 7.8 |  |  | 3.6 |
Stock based compensation tax shortfall (windfall) | (0.7) |  |  | (2.3) |  |  | 0.5 |
Other | 0.8 |  |  | 2.3 |  |  | 0.2 |
Provision (benefit) for income taxes | $ | (2.4) |  |  | $ | 13.6 |  |  | $ | (19.5) |
Deferred Income Tax Assets And Liabilities | The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and liabilities are as follows:
| June 29, 2022 |  | June 30, 2021
Deferred income tax assets: |  |  |
Lease liabilities | $ | 337.3 |  |  | $ | 305.1 |
Gift cards | 9.9 |  |  | 17.0 |
Insurance reserves | 11.6 |  |  | 11.5 |
Stock-based compensation | 11.6 |  |  | 10.9 |
Federal credit carryover | 41.1 |  |  | 6.8 |
Net operating losses | 3.7 |  |  | 4.1 |
State credit carryover | 2.5 |  |  | 2.5 |
Restructure charges and impairments | 2.3 |  |  | 1.5 |
Payroll tax deferral | 6.8 |  |  | 13.6 |
Other, net | 8.0 |  |  | 10.6 |
Less: Valuation allowance | (5.8) |  |  | (6.1) |
Total deferred income tax assets | 429.0 |  |  | 377.5 |
Deferred income tax liabilities: |  |  |
Lease assets | 307.1 |  |  | 275.7 |
Goodwill and other amortization | 23.3 |  |  | 22.6 |
Depreciation and capitalized interest on property and equipment | 17.8 |  |  | 11.8 |
Prepaid expenses | 16.9 |  |  | 16.0 |
Other, net | 1.4 |  |  | 0.5 |
Total deferred income tax liabilities | 366.5 |  |  | 326.6 |
Deferred income taxes, net | $ | 62.5 |  |  | $ | 50.9 |
Reconciliation Of Unrecognized Tax Benefits | A reconciliation of unrecognized tax benefits are as follows:
| June 29, 2022 |  | June 30, 2021
Balance at beginning of year | $ | 4.3 |  |  | $ | 3.0 |
Additions based on tax positions related to the current year | 0.3 |  |  | 0.3 |
(Decreases) Additions based on tax positions related to prior years | (0.1) |  |  | 1.4 |
Settlements with tax authorities | (0.8) |  |  | — |
Expiration of statute of limitations | — |  |  | (0.4) |
Balance at end of year | $ | 3.7 |  |  | $ | 4.3 |

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