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Income Taxes
6 Months Ended
Jan. 01, 2017
Income Taxes  
Income Taxes

NOTE 9 – Income Taxes

 

The income tax receivable was $0.2 and $1.6 million at January 1, 2017 and June 30, 2016, respectively.  The decrease in the income taxes receivable during the six months ended January 1, 2017, 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 $0.1 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 January 1, 2017 and June 30, 2016, respectively, which are included in other long-term liabilities.