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Income Taxes (Tables)
12 Months Ended
Jun. 26, 2025
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 26,
2025

 

 

June 27,
2024

 

 

June 29,
2023

 

Current:

 

 

 

 

 

 

 

 

 

Federal

 

$

16,736

 

 

$

15,405

 

 

$

18,393

 

State

 

 

4,687

 

 

 

4,987

 

 

 

5,215

 

Total current expense

 

 

21,423

 

 

 

20,392

 

 

 

23,608

 

Deferred:

 

 

 

 

 

 

 

 

 

Deferred federal

 

 

(2,009

)

 

 

209

 

 

 

(1,164

)

Deferred state

 

 

(483

)

 

 

(913

)

 

 

49

 

Total deferred tax benefit

 

 

(2,492

)

 

 

(704

)

 

 

(1,115

)

Total income tax expense

 

$

18,931

 

 

$

19,688

 

 

$

22,493

 

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 26,
2025

 

 

June 27,
2024

 

 

June 29,
2023

 

Federal statutory income tax rate

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

State income taxes, net of federal benefit

 

 

4.1

 

 

 

3.8

 

 

 

4.9

 

Section 162(m) limitation

 

 

0.2

 

 

 

1.4

 

 

 

0.7

 

Research and development tax credit

 

 

(1.0

)

 

 

(0.9

)

 

 

(0.3

)

Bargain purchase gain

 

 

 

 

 

(0.6

)

 

 

 

Share-based compensation

 

 

(0.1

)

 

 

(0.4

)

 

 

0.1

 

Uncertain tax positions

 

 

0.3

 

 

 

0.2

 

 

 

0.1

 

Other

 

 

(0.2

)

 

 

0.1

 

 

 

(0.1

)

Effective tax rate

 

 

24.3

%

 

 

24.6

%

 

 

26.4

%

Deferred Tax Assets and Liabilities Deferred tax assets and liabilities are comprised of the following:

 

June 26,
2025

 

 

June 27,
2024

 

Deferred tax assets (liabilities):

 

 

 

 

 

 

Accounts receivable

 

$

405

 

 

$

417

 

Employee compensation

 

 

2,558

 

 

 

2,343

 

Inventory

 

 

621

 

 

 

460

 

Depreciation

 

 

(15,902

)

 

 

(16,466

)

Capitalized leases

 

 

1,064

 

 

 

1,115

 

Goodwill and intangible assets

 

 

240

 

 

 

797

 

Retirement plan

 

 

7,185

 

 

 

6,716

 

Workers’ compensation

 

 

1,746

 

 

 

1,663

 

Share based compensation

 

 

2,085

 

 

 

1,780

 

Research related expenditures

 

 

5,035

 

 

 

3,505

 

Other

 

 

745

 

 

 

800

 

Net deferred tax asset

 

$

5,782

 

 

$

3,130

 

Schedule of Reconciliation of Unrecognized Tax Benefits

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

 

June 26,
2025

 

 

June 27,
2024

 

 

June 29,
2023

 

Beginning balance

 

$

733

 

 

$

463

 

 

$

390

 

Gross increases — tax positions in prior year

 

 

52

 

 

 

146

 

 

 

32

 

Settlements

 

 

(141

)

 

 

(104

)

 

 

(36

)

Gross increases — tax positions in current year

 

 

251

 

 

 

311

 

 

 

127

 

Lapse of statute of limitations

 

 

(88

)

 

 

(83

)

 

 

(50

)

Ending balance

 

$

807

 

 

$

733

 

 

$

463

 

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 26,
2025

 

 

June 27,
2024

 

 

June 29,
2023

 

Unrecognized tax benefits that would affect annual effective
   tax rate

 

$

770

 

 

$

682

 

 

$

439