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Income Taxes
3 Months Ended
Oct. 02, 2016
Income Taxes  
Income Taxes

NOTE 9 – Income Taxes

 

The balance of income taxes receivable was $0 and $1.6 million at October 2, 2016 and June 30, 2016, respectively.  The decrease in the income taxes receivable during the three months ended October 2, 2016, was primarily associated with the receipt of a federal income tax refund of approximately $0.9 million related to the carryback of the Company’s 2015 net operating loss.  The remaining income taxes receivable has been netted to reflect a current period taxes payable of $0.5 million due primarily to the gain on the sale of Tekna Seal.  The Company had unrecognized tax benefits for uncertain tax positions of $1.1 million and $1.0 million on October 2, 2016 and June 30, 2016, respectively, which are included in other long-term liabilities.