XML 23 R12.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Income Taxes
3 Months Ended
Aug. 27, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The provision for income taxes from continuing operations for the three months ended August 27, 2023 and August 28, 2022, was an expense of $88.2 thousand and an expense of $4.0 thousand, respectively. The effective tax rate for the three months ended August 27, 2023 and August 28, 2022 was 0.70% and 0.04%, respectively. The effective tax rate for the three months ended August 27, 2023 and August 28, 2022, was lower than the statutory federal income tax rate of 21% primarily due to the valuation allowance recorded against certain deferred tax assets, offset by the federal and state research and development tax credits.