XML 29 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes
6 Months Ended
Dec. 25, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The Company's effective tax rate was 38.3% and 41.6% for the six months ended December 25, 2015 and December 26, 2014, respectively. The primary reconciling items between the federal statutory rate of 35.0% and the Company's overall effective tax rate for the six months ended December 25, 2015 and December 26, 2014, respectively, were the effect of state income taxes.

As of December 25, 2015, the recorded liability for uncertain tax positions under the measurement criteria of Accounting Standards Codification ("ASC") Topic 740, Income Taxes, was $1,863. The Company does not expect the amount of unrecognized tax benefits to materially change within the next twelve months.
As of December 25, 2015, the Company had a tax benefit of $4,226 related to excess tax benefits from stock compensation. Pursuant to ASC Topic 718, a benefit of $1,473 was recorded to increase APIC as it reduced income taxes payable during the six months ended December 25, 2015. In addition, a tax deficiency of $32 related to the expiration of vested stock options was recorded during the period to decrease APIC as it reduced deferred tax assets.