During fiscal 2012, the effect on retained earnings and net income were as follows (in thousands):
Year Ended June 2, 2012 | ||||||||
Effect on Retained Earnings |
Effect on Net Income |
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Recording of prior year’s income tax expense |
$ | (2,126 | ) | $ | — | |||
Income tax effect on the above |
— | — | ||||||
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Net SAB 108 Effect |
$ | (2,126 | ) | $ | — | |||
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