Income Taxes

3 Months Ended

Aug. 25, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective income tax rate for continuing operations for the quarter ended August 25, 2019 was 9.8 percent compared to an effective income tax rate of 4.0 percent for the quarter ended August 26, 2018. The effective income tax rate increased primarily due to fiscal 2019 favorable tax impacts associated with market-driven changes related to our equity-based compensation and tax benefits from stock-option exercises.

Included in our remaining balance of unrecognized tax benefits is $11.7 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.