Income Taxes

9 Months Ended

Feb. 23, 2020

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective income tax rate for continuing operations for the quarter ended February 23, 2020 was 12.0 percent compared to an effective income tax rate of 11.1 percent for the quarter ended February 24, 2019. The effective income tax rate for continuing operations for the nine months ended February 23, 2020 was 4.2 percent compared to an effective income tax rate of 9.7 percent for the nine months ended February 24, 2019. The effective income tax rate increase for the quarter ended February 23, 2020 was primarily due to higher earnings before income taxes. The effective income tax rate decrease for the

nine months ended February 23, 2020 was primarily due to lower earnings before income taxes for fiscal 2020 driven primarily by a pension settlement charge.

Included in our remaining balance of unrecognized tax benefits is $5.4 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.