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Income Taxes (Tables)
12 Months Ended
Jun. 28, 2018
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 28,
2018
     June 29,
2017
     June 30,
2016
 

Current:

        

Federal

   $ 10,722      $ 17,013      $ 14,015  

State

     2,464        2,744        2,222  
  

 

 

    

 

 

    

 

 

 

Total current expense

     13,186        19,757        16,237  

Deferred:

        

Deferred federal

     3,902        (1,698      (210

Deferred state

     (238      (46      40  
  

 

 

    

 

 

    

 

 

 

Total deferred expense (benefit)

     3,664        (1,744      (170
  

 

 

    

 

 

    

 

 

 

Total income tax expense

   $ 16,850      $ 18,013      $ 16,067  
  

 

 

    

 

 

    

 

 

 
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 28,
2018
    June 29,
2017
    June 30,
2016
 

Federal statutory income tax rate

     28.1     35.0     35.0

State income taxes, net of federal benefit

     3.1       3.3       3.2  

Impact of Tax Reform

     6.3       —         —    

Research and development tax credit

     (0.2     (0.1     (0.1

Domestic manufacturing deduction

     (2.2     (3.1     (3.2

Windfall tax benefits

     (1.0     (1.8     —    

Uncertain tax positions

     0.1       0.1       (0.6

Other

     —         (0.1     0.3  
  

 

 

   

 

 

   

 

 

 

Effective tax rate

     34.2     33.3     34.6
  

 

 

   

 

 

   

 

 

 
Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are comprised of the following:

 

     June 28,
2018
     June 29,
2017
 

Deferred tax assets (liabilities):

     

Accounts receivable

   $ 305      $ 423  

Employee compensation

     810        1,726  

Inventory

     273        345  

Depreciation and amortization

     (9,504      (12,826

Capitalized leases

     1,020        1,508  

Goodwill and intangible assets

     3,160        4,939  

Retirement plan

     5,484        8,224  

Workers’ compensation

     1,692        2,365  

Share based compensation

     1,281        1,908  

Capital loss carryforward

     112        171  

Other

     503        483  

Less valuation allowance

     (112      (171
  

 

 

    

 

 

 

Net deferred tax asset — long term

     5,024        9,095  
  

 

 

    

 

 

 
Schedule of Reconciliation of Unrecognized Tax Benefits

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

 

     June 28,
2018
     June 29,
2017
     June 30,
2016
 

Beginning balance

   $ 174      $ 24      $ 248  

Gross increases — tax positions in prior year

     6        7        70  

Gross decreases — tax positions in prior year

     —          —          (8

Settlements

     —          —          (137

Gross increases — tax positions in current year

     27        23        17  

Lapse of statute of limitations

     —          120        (166
  

 

 

    

 

 

    

 

 

 

Ending balance

   $ 207      $ 174      $ 24  
  

 

 

    

 

 

    

 

 

 
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 28,
2018
     June 29,
2017
     June 30,
2016
 

Unrecognized tax benefits that would affect annual effective tax rate

   $ 177      $ 136      $ 27