Income Taxes

3 Months Ended

Sep. 25, 2022

Income Taxes [Abstract]

Income Taxes

Note G - Income Taxes

For the three months ended September 25, 2022, the Company recorded an income tax expense of $92 thousand, most of which is attributable to current state taxes.

The Company continually reviews the realizability of its deferred tax assets, including an analysis of factors such as future taxable income, reversal of existing taxable temporary differences, and tax planning strategies. In assessing the need for the valuation allowance, the Company considers both positive and negative evidence related to the likelihood of realization of deferred tax assets.