INCOME TAXES

3 Months Ended

Sep. 29, 2021

Income Tax Disclosure [Abstract]

Income Taxes

	Thirteen Week Periods Ended
	September 29, 2021		September 23, 2020
Effective income tax rate	1.5	%	(4.9)	%

The federal statutory tax rate for the periods presented was 21.0%. Our effective income tax rate for the thirteen week period ended September 29, 2021 was lower than the federal statutory rate primarily due to the favorable impact from the FICA tip tax credit and excess tax windfalls associated with stock-based compensation.

A reconciliation between the reported Provision (benefit) for income taxes and the amount computed by applying the statutory federal income tax rate to Income before income taxes is as follows:

	Thirteen Week Period Ended
	September 29, 2021
Income tax expense at statutory rate - 21.0%	$	2.8
FICA tip tax credit	(1.8)
Stock-based compensation excess tax benefits	(0.5)
State income taxes, net of federal benefit	0.8
Other	(1.1)
Provision (benefit) for income taxes - 1.5%	$	0.2

Our effective income tax rate for the thirteen week period ended September 23, 2020 was lower than the federal statutory rate due to the favorable impact from the FICA tip tax credit and excess tax windfalls associated with stock-based compensation.