INCOME TAXES

4 Months Ended

May 25, 2019

INCOME TAXES

TAXES BASED ON INCOME

9.INCOME TAXES

The effective income tax rate was 22.8% and 23.4% for the first quarters of 2019 and 2018, respectively. The effective income tax rate for the first quarter of 2019 and 2018 differed from the federal statutory rate due to the effect of state income taxes partially offset by the utilization of tax credits and deductions.