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EMPLOYEE RETENTION CREDIT | 12 Months Ended
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Jun. 30, 2024
EMPLOYEE RETENTION CREDIT [Abstract] |
EMPLOYEE RETENTION CREDIT | NOTE D - EMPLOYEE RETENTION CREDIT: On December 27, 2020, the Consolidated Appropriations Act of 2021 (the “CAA”) was signed into law. The CAA expanded eligibility for an employee retention credit for companies impacted by the COVID-19 pandemic with fewer than five hundred employees and at least a twenty percent decline in gross receipts compared to the same quarter in 2019, to encourage retention of employees. This payroll tax credit was a refundable tax credit against certain federal employment taxes. For the fiscal year ended June 26, 2022, the Company recorded $0.7 million of other income for the employee retention credit. As of June 30, 2024, $0.6 million has been received and $0.1 million is still outstanding and included within accounts receivable on the accompanying Consolidated Balance Sheets.

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