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Income Taxes
9 Months Ended
Mar. 29, 2015
Income Taxes:  
Income Taxes

 

(7)           Income Taxes

 

For the three and nine month periods ended March 29, 2015, income tax benefit of $0.3 million and $0.6 million, respectively, were 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 $2.5 million.