Income Taxes	3 Months Ended
Sep. 28, 2014
Income Taxes
Income Taxes	NOTE 9 - Income Taxes The effective tax rate for the three months ended September 28, 2014 and September 29, 2013 was 39.7% and 22.8%, respectively. The effective tax rate for the three months ended September 28, 2014 was negatively impacted by $14 thousand of discrete tax adjustments recognized during the period. The lower profit before tax during the period caused these discrete tax adjustments to have a larger impact on the effective tax rate. The effective tax rate for the three months ended September 29, 2013 was favorably impacted by a decrease in the valuation allowance on deferred tax assets. The Company’s effective tax rate could fluctuate significantly on a quarterly basis due to changes in the valuation of its deferred tax assets or liabilities, or by changes in tax laws, regulations, accounting principles or interpretations thereof. As of September 28, 2014 and June 30, 2014, deferred tax assets of $1.8 million and $1.2 million, respectively, have been included in prepaid and other current assets in the accompanying balance sheets. Deferred tax asset non-current portion of $0.3 million as of September 28, 2014 and June 30, 2014 have been included in other assets. Current taxes payable of $1.8 million as of September 28, 2014 and June 30, 2014 have been included in accrued expenses. A valuation allowance has been established on the Company’s deferred tax assets as realization has not met the more likely-than-not threshold requirement. The Company evaluates the recoverability of deferred tax assets by assessing the adequacy of future expected taxable income from all sources, including carrybacks (if applicable), reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. If the Company’s judgment changes and it is determined that the Company will be able to realize these deferred tax assets, the tax benefits relating to any reversal of the valuation allowance will be accounted for as a reduction to income tax expense. The amount of unrecognized tax benefits for uncertain tax positions was $568 thousand as of September 28, 2014 and June 30, 2014, excluding related liabilities for interest and penalties of $112 thousand and $106 thousand as of September 28, 2014 and June 30, 2014, respectively. The liability and related interest have been included in other liabilities in the accompanying balance sheets.

NOTE 9 - Income Taxes

The effective tax rate for the three months ended September 28, 2014 and September 29, 2013 was 39.7% and 22.8%, respectively. The effective tax rate for the three months ended September 28, 2014 was negatively impacted by $14 thousand of discrete tax adjustments recognized during the period. The lower profit before tax during the period caused these discrete tax adjustments to have a larger impact on the effective tax rate. The effective tax rate for the three months ended September 29, 2013 was favorably impacted by a decrease in the valuation allowance on deferred tax assets. The Company’s effective tax rate could fluctuate significantly on a quarterly basis due to changes in the valuation of its deferred tax assets or liabilities, or by changes in tax laws, regulations, accounting principles or interpretations thereof.

As of September 28, 2014 and June 30, 2014, deferred tax assets of $1.8 million and $1.2 million, respectively, have been included in prepaid and other current assets in the accompanying balance sheets. Deferred tax asset non-current portion of $0.3 million as of September 28, 2014 and June 30, 2014 have been included in other assets. Current taxes payable of $1.8 million as of September 28, 2014 and June 30, 2014 have been included in accrued expenses.

A valuation allowance has been established on the Company’s deferred tax assets as realization has not met the more likely-than-not threshold requirement. The Company evaluates the recoverability of deferred tax assets by assessing the adequacy of future expected taxable income from all sources, including carrybacks (if applicable), reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. If the Company’s judgment changes and it is determined that the Company will be able to realize these deferred tax assets, the tax benefits relating to any reversal of the valuation allowance will be accounted for as a reduction to income tax expense.

The amount of unrecognized tax benefits for uncertain tax positions was $568 thousand as of September 28, 2014 and June 30, 2014, excluding related liabilities for interest and penalties of $112 thousand and $106 thousand as of September 28, 2014 and June 30, 2014, respectively. The liability and related interest have been included in other liabilities in the accompanying balance sheets.