XML 22 R12.htm IDEA: XBRL DOCUMENT v3.23.3
Income Taxes
 3 Months Ended
Sep. 24, 2023
Income Taxes [Abstract]  
Income Taxes

Note F - Income Taxes

For the three months ended September 24, 2023, the Company recorded an income tax expense of $132 thousand. For the three months ended September 25, 2022, the Company recorded an income tax expense of $92 thousand. For the three months ended September 24, 2023, the federal and state tax expense were $108 thousand and $24 thousand, respectively. For the three months ended September 25, 2022, the federal and state tax expense were $82 thousand and $10 thousand, respectively.


The Company continually reviews the realizability of its deferred tax assets, including an analysis of factors such as future taxable income, reversal of existing taxable temporary differences, and tax planning strategies. In assessing the need for the valuation allowance, the Company considers both positive and negative evidence related to the likelihood of realization of deferred tax assets.