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Income Taxes
6 Months Ended
Nov. 26, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The provision for income taxes from continuing operations for the three months ended November 26, 2023 and November 27, 2022, was a benefit of $64.9 thousand and an expense of $4.0 thousand, respectively. The provision for income taxes from continuing operations for the six months ended November 26, 2023 and November 27, 2022, was an expense of $23.3 thousand and an expense of $8.0 thousand, respectively.
The effective tax rate for the three months ended November 26, 2023 and November 27, 2022 was 0.46% and 0.03%, respectively. The effective tax rate for the six months ended November 26, 2023 and November 27, 2022 was 1.41% and 0.03%, respectively. The effective tax rate for the three and six months ended November 26, 2023 and November 27, 2022, was lower than the statutory federal income tax rate of 21% primarily due to the valuation allowance recorded against certain deferred tax assets, partially offset by the federal and state research and development tax credits.