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 |
|||||||
|
Recording of prior year’s income tax expense |
$ | (2,126 | ) | $ | — | |||
|
Income tax effect on the above |
— | — | ||||||
|
|
|
|
|
|||||
|
Net SAB 108 Effect |
$ | (2,126 | ) | $ | — | |||
|
|
|
|
|
|||||