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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Provision for income taxes

The provision for income taxes consists of the following (in thousands):

			Fiscal Year
																		2022						2021						2020
Current tax expense:
Federal			$	225,565					$	221,152					$	211,228
State			41,748						34,238						38,511
Total current			267,313						255,390						249,739
Deferred tax expense/(benefit):
Federal			50,833						24,303						(21,997)
State			(2,548)						3,281						(8,553)
Total deferred			48,285						27,584						(30,550)
Total provision			$	315,598					$	282,974					$	219,189

Deferred tax assets and liabilities

Significant components of the deferred tax assets and liabilities are as follows (in thousands):

			December 31, 2022						December 25, 2021
Tax assets:
Inventory valuation			$	30,599					$	23,365
Accrued employee benefits costs			24,544						36,810
Nondeductible reserves			8,259						7,099
Finance lease liabilities			9,531						8,958
Operating lease liabilities			763,729						740,478
Deferred compensation			13,459						12,201
Workers' compensation insurance			14,667						14,271
General liability insurance			11,142						9,402
Income tax credits			13,131						7,986
Amortization			23,496						7,803
Depreciation			19,322						—
Other			12,452						12,799
			944,331						881,172
Tax liabilities:
Finance lease assets			(8,113)						(7,797)
Operating lease right-of-use assets			(723,688)						(702,197)
Depreciation			(231,191)						(161,137)
Other			(12,114)						(7,604)
			(975,106)						(878,735)
Net deferred tax (liability) / asset			$	(30,775)					$	2,437

Reconciliation of the provision for income taxes to the amounts computed at the federal statutory rate

A reconciliation of the provision for income taxes to the amounts computed at the federal statutory rate is as follows (in thousands):

			Fiscal Year
																		2022						2021						2020
Tax provision at statutory rate			$	294,905					$	268,819					$	203,311
Tax effect of:
State income taxes, net of federal tax benefits			41,235						36,116						27,642
Tax credits, net of federal tax benefits			(15,616)						(13,157)						(8,828)
Share-based compensation programs			(9,025)						(13,368)						(9,303)
Other			4,099						4,564						6,367
Total income tax expense			$	315,598					$	282,974					$	219,189

Reconciliation of gross unrecognized tax benefits

A reconciliation of the beginning and ending gross amount of unrecognized tax benefits (exclusive of interest and penalties) is as follows (in thousands):

			Fiscal Year
			2022						2021						2020
Balance at beginning of year			$	3,749					$	3,236					$	2,760
Additions based on tax positions related to the current year			1,359						927						816
Additions for tax positions of prior years			760						51						32
Reductions for tax positions of prior years			(506)						(465)						(372)
Balance at end of year			$	5,362					$	3,749					$	3,236

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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