XML 115 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 11 - Income Taxes (Tables)
12 Months Ended
Jun. 29, 2014
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

Years ended

 
   

June 29,

2014

   

June 30,

2013

   

July 1,

2012

 
   

(in thousands)

 

Current provision (benefit):

                       

Federal

  $ 6,439     $ 7,983     $ (1,643 )

State

    1,247       1,845       1,155  

Foreign

    11       -       -  
      7,697       9,828       (488 )

Deferred provision (benefit):

                       

Federal

    773       (730 )     8,479  

State

    28       (25 )     (220 )

Foreign

    (95 )     -       -  
      706       (755 )     8,259  

Income tax expense

  $ 8,403     $ 9,073     $ 7,771  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

Years ended

 
   

June 29,

2014

   

June 30,

2013

   

July 1,

2012

 

Tax at U.S. statutory rates

    35.0 %     35.0 %     35.0 %

State income taxes, net of federal tax benefit

    3.7       3.3       4.0  

Non-deductible stock-based compensation

    -       -       0.6  

Non-deductible goodwill amortization

    -       -       1.7  

Rate differences

    1.2       (0.3 )     (1.1 )

Tax credits

    (1.7 )     (1.2 )     (1.2 )

Tax settlements

    (1.0 )     1.1       -  

Other, net

    0.4       (1.3 )     (2.2 )
      37.6 %     36.6 %     36.8 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

Years ended

 
   

June 29,

2014

   

June 30,

2013

 
   

(in thousands)

 

Deferred income tax assets:

               

Net operating loss and credit carryforwards

  $ 4,342     $ 3,230  

Accrued expenses and reserves

    6,178       5,848  

Stock-based compensation

    3,420       3,266  

Book in excess of tax depreciation

    1,322       1,055  

Gross deferred income tax assets

    15,262       13,399  

Less: Valuation allowance

    (2,241 )     (1,477 )
      13,021       11,922  

Deferred income tax liabilities:

               

Other intangibles

    (6,512 )     (4,049 )
Tax in excess of book depreciation     -       -  
      (6,512)       (4,049 )

Net deferred income tax assets

  $ 6,509     $ 7,873