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Income Taxes
9 Months Ended
Mar. 28, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

During the fourth quarter ended June 30, 2013, the Company concluded it was more likely than not that its deferred tax assets would be realized and the Company reversed the valuation allowance in the amount of $25,646. Based upon an assessment of available positive and negative evidence, the Company concluded its deferred tax assets would more likely than not be realized. As such, a valuation allowance was not established at the period ended March 28, 2014.

The Company's effective tax rate was approximately 40.8% and 5.6% for the nine months ended March 28, 2014 and March 29, 2013, respectively. The primary reconciling items between the federal statutory rate of 35.0% and the Company's overall effective tax rate were the effect of state income taxes for the nine months ended March 28, 2014; and, in the prior year, the reversal of a portion of the valuation allowance the Company maintained against its net deferred tax assets which substantially offset statutory income tax.

As of March 28, 2014, the recorded liability for uncertain tax positions under the measurement criteria of Accounting Standards Codification ("ASC") Topic 740, Income Taxes, was $1,063. The Company does not expect the amount of unrecognized tax benefits to materially change within the next twelve months.
As of March 28, 2014, the Company had a tax benefit of approximately $8,573 related to excess tax benefits from stock compensation. Pursuant to ASC Topic 718, a benefit of $3,385 was recorded to APIC as it reduced income taxes payable during the nine months ended March 28, 2014.