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Income Taxes
9 Months Ended
Feb. 27, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The provision for income taxes from continuing operations for the nine months ended February 27, 2022 and February 28, 2021, was a benefit of $5.0 million and $1.0 million, respectively. The effective tax rate for the nine months ended February 27, 2022 and February 28, 2021 was 32% and 10%, respectively. The effective tax rate for the nine months ended February 27, 2022, was higher than the statutory federal income tax rate of 21% primarily due to the movement of the valuation allowance recorded against certain deferred tax assets, partially offset by the impact of state taxes.
As of February 27, 2022 and May 30, 2021, the Company had unrecognized tax benefits of $0.9 million and $0.9 million, respectively. Included in the balance of unrecognized tax benefits as of February 27, 2022 and May 30, 2021, is $0.8 million and $0.9 million, respectively, of tax benefits that, if recognized, would result in an adjustment to the Company’s effective tax rate. The Company does not expect its unrecognized tax benefits to change significantly within the next twelve months.
The Company has elected to classify interest and penalties related to uncertain tax positions as a component of its provision for income taxes. The Company has accrued an insignificant amount of interest and penalties relating to the income tax on the unrecognized tax benefits as of February 27, 2022 and May 30, 2021.
Due to tax attribute carryforwards, the Company is subject to examination for tax years 2017 forward for U.S. tax purposes. The Company is also subject to examination in various state jurisdictions for tax years 2015 forward, none of which were significant.