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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision for income taxes is based entirely on income before income taxes earned in the United States, and is as follows for the last three fiscal years:

		For the Year Ended:
		June 30, 2016				June 25, 2015				June 26, 2014
Current:
Federal		$	14,015			$	15,916			$	11,274
State			2,222				2,027				1,704
Total current			16,237				17,943				12,978
Deferred:
Deferred federal			(210	)			(2,589	)			375
Deferred state			40				205				192
Total deferred			(170	)			(2,384	)			567
Total income tax expense		$	16,067			$	15,559			$	13,545

Reconciliations of Income Taxes at Statutory Federal Income Tax Rate

The reconciliations of income taxes at the statutory federal income tax rate to income tax expense reported in the Consolidated Statements of Comprehensive Income for the last three fiscal years are as follows:

		June 30, 2016				June 25, 2015				June 26, 2014
Federal statutory income tax rate			35.0	%			35.0	%			35.0	%
State income taxes, net of federal benefit			3.2				3.4				3.3
Research and development tax credit			(0.1	)			(0.1	)			(0.1	)
Domestic manufacturing deduction			(3.2	)			(3.4	)			(2.7	)
Change in valuation allowance			—				—				(1.4	)
Uncertain tax positions			(0.6	)			0.3				0.3
Other			0.3				(0.5	)			(0.4	)
Effective tax rate			34.6	%			34.7	%			34.0	%

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are comprised of the following:

		June 30, 2016				June 25, 2015
Current tax assets:
Accounts receivable		$	—			$	404
Employee compensation			—				2,072
Inventory			—				424
Workers’ compensation			—				699
Other			—				703
Less valuation allowance			—				(38	)
Net deferred tax asset — current		$	—			$	4,264
Non-current tax assets (liabilities):
Accounts receivable		$	521			$	—
Employee compensation			1,922				—
Inventory			353				—
Depreciation and amortization			(13,315	)			(12,435	)
Capitalized leases			1,440				1,354
Goodwill and intangible assets			5,046				5,156
Retirement plan			8,661				6,975
Workers’ compensation			2,251				1,399
Share based compensation			1,669				664
Capital loss carryforward			171				175
Other			42				30
Less valuation allowance			(171	)			(137	)
Net deferred tax asset — long term			8,590				3,181
Net deferred tax assets — total		$	8,590			$	7,445

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:

		June 30, 2016				June 25, 2015				June 26, 2014
Beginning balance		$	248			$	247			$	139
Gross increases — tax positions in prior year			70				27				248
Gross decreases — tax positions in prior year			(8	)			(91	)			(107	)
Settlements			(137	)			(18	)			—
Gross increases — tax positions in current year			17				21				7
Lapse of statute of limitations			(166	)			62				(40	)
Ending balance		$	24			$	248			$	247

Unrecognized Tax Benefits

Unrecognized tax benefits, that if recognized, would affect the annual effective tax rate on income from continuing operations, are as follows:

		June 30, 2016				June 25, 2015				June 26, 2014
Unrecognized tax benefits that would affect annual effective tax rate		$	27			$	261			$	233

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-Publisher FASB
-Name Accounting Standards Codification
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