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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes [Abstract]  
Summary Of Income Year ended December 31, 2021 2020 2019Domestic$ 818,057 $ 311,021 $ 465,253Foreign (5,294) (17,240) (6,968)Income before income taxes$ 812,763 $ 293,781 $ 458,285
Schedule Of Components Of Benefit/(Provision) For Income Taxes Year ended December 31, 2021 2020 2019Current tax: U.S. Federal $ (156,447) $ 204,063 $ (57,020)U.S. State (15,351) (32,684) (20,499)Foreign (338) (1,044) (646) (172,136) 170,335 (78,165)Deferred tax: U.S. Federal 33,004 (120,066) (27,231)U.S. State (20,404) 11,507 (2,740)Foreign 7,229 7,158 2,685 19,829 (101,401) (27,286)Valuation allowance (7,472) (6,949) (2,676)Benefit/(provision) for income taxes $ (159,779) $ 61,985 $ (108,127)
Schedule Of Effective Tax Rate Year ended December 31, 2021 2020 2019Statutory U.S. federal income tax rate 21.0% 21.0% 21.0%State income tax, net of related federal income tax benefit 3.5 4.2 4.1 Federal credits (1.6) (3.5) (1.7) Executive compensation disallowed 2.9 2.9 2.0 Meals and entertainment - 0.1 0.1 Enhanced deduction for food donation - (0.1) - Valuation allowance 0.3 1.6 0.5 Other - 1.8 0.8 Return to provision and other discrete items 0.1 2.1 0.1 Equity compensation related adjustments (4.7) (13.5) (3.3) Federal net operating loss (1.8) (37.7) - Effective income tax rate 19.7% (21.1)% 23.6%
Schedule Of Deferred Income Tax Liabilities And Assets December 31, 2021 2020Deferred income tax liability: Leasehold improvements, property and equipment, net $ 279,586 $ 298,225Goodwill and other assets 1,728 1,628Prepaid assets and other 106 (350)Operating lease assets 851,324 752,864Total deferred income tax liability 1,132,744 1,052,367Deferred income tax asset: Gift card liability 9,699 3,849Capitalized transaction costs 324 324Stock-based compensation and other employee benefits 45,261 34,709Foreign net operating loss carry-forwards 27,446 21,598State credits 3,595 4,452Operating lease liabilities 909,528 812,699Allowances, reserves and other 24,179 25,981State net operating loss carry-forwards 1,568 22,482Valuation allowance (30,621) (23,149)Total deferred income tax asset 990,979 902,945Deferred income tax liabilities $ 141,765 $ 149,422
Schedule Of Unrecognized Tax Benefits Year ended December 31, 2021 2020 2019Beginning of year$ 10,859 $ 15,028 $ 9,360(Decrease)/Increase resulting from prior year tax position (151) (2,853) 5,855Increase resulting from current year tax position 1,387 1,870 758Settlements with taxing authorities - - (736)Lapsing of statutes of limitations (6,833) (3,186) (209)End of year$ 5,262 $ 10,859 $ 15,028