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Income Taxes
9 Months Ended
Mar. 30, 2014
Income Taxes:  
Income Taxes

Income Taxes

 

For the three and nine month period ended March 30, 2014, income tax benefit of  $0.2 million and $0.5 million, respectively, was calculated on an effective income tax rate that is consistent with the statutory U.S. federal income tax rate of 34% adjusted for state income tax effects and permanent difference items. Management believes that future operations will generate sufficient taxable income, along with the reversal of temporary differences, to fully realize the net deferred tax asset of $1.6 million.