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Note 5 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
12 Months Ended
Jul. 26, 2014
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

2014

2013

2012

Statutory federal income tax rate

 

35.0

%

35.0

%

35.0

%

State income taxes, net of federal tax benefit

 

6.4

 

5.2

 

5.3

 

Unrecognized tax benefits, interest and penalties on prior year tax positions

 

34.9

 

                                 - 

 

                                 - 

 

Current year interest and penalties on unrecognized tax benefits

 

5.4

 

1.6

 

1.1

 

Other

 

0.8

 

0.4

 

0.1

 

 

 

 

 

 

 

 

 

Effective income tax rate

 

82.5

%

42.2

%

41.5

%