XML 26 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes
9 Months Ended
Feb. 26, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The effective income tax rate for the quarter ended February 26, 2017 was 24.5 percent compared to an effective income tax rate of 21.7 percent for the quarter ended February 28, 2016. The effective income tax rate for the nine months ended February 26, 2017 was 25.4 percent compared to an effective income tax rate of 20.1 percent for the nine months ended February 28, 2016. Excluding the tax impact of costs related to implementation of our real estate plan, strategic action plan and other costs, and debt retirement costs recognized during fiscal 2016, our effective tax rates would have been approximately 27.1 percent and 26.1 percent for the quarter and nine months ended February 28, 2016, respectively. Excluding the impacts mentioned above, the effective income tax rate for the quarter ended February 26, 2017 was lower as compared to the quarter ended February 28, 2016, primarily due to non-recurring favorable tax adjustments and an increase in the annual estimated FICA tax credits for employee reported tips. Excluding the impacts mentioned above, the effective income tax rate for the nine months ended February 26, 2017 was lower as compared to the nine months ended February 28, 2016, primarily due to non-recurring favorable tax adjustments.
Included in our remaining balance of unrecognized tax benefits is $0.1 million related to tax positions for which it is reasonably possible that the total amounts could change within the next twelve months based on the outcome of examinations or as a result of the expiration of the statute of limitations for specific jurisdictions.