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Income Taxes
6 Months Ended
Dec. 29, 2013
Income Taxes:  
Income Taxes

(7)           Income Taxes

 

For the three and six month period ended December 29, 2013, income tax benefit of  $0.2 million and $0.4 million, respectively, was calculated on an effective income tax rate that is consistent with the statutory U.S. federal income tax rate of 34% adjusted for state income tax effects and permanent difference items. Management believes that future operations will generate sufficient taxable income, along with the reversal of temporary differences, to fully realize the net deferred tax asset of $1.4 million.