XML 25 R15.htm IDEA: XBRL DOCUMENT v3.25.1
Income Taxes
 9 Months Ended
May 03, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table summarizes our effective tax rate from loss from continuing operations for the periods presented:
 For the Three Months EndedFor the Nine Months Ended
(in thousands, except percentages)
May 3, 2025April 27, 2024May 3, 2025April 27, 2024
Loss from continuing operations before income taxes$(7,140)$(21,847)$(19,687)$(82,636)
Provision for income taxes241 170 580 508 
Effective tax rate(3.4)%(0.8)%(2.9)%(0.6)%
Our continuing operations are subject to income taxes in the United States. Our effective tax rate for the three and nine months ended May 3, 2025, differs from the federal statutory income tax rate primarily due to the full valuation allowance recorded on our net federal and state deferred tax assets. The tax provision for the three and nine months ended May 3, 2025, is primarily comprised of state taxes.
Our effective tax rate for the three and nine months ended April 27, 2024, differed from the federal statutory income tax rate primarily due to the full valuation allowance recorded on our net federal and state deferred tax assets. The tax provision for the three and nine months ended April 27, 2024, is primarily comprised of state taxes.