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INCOME TAXES (Tables) | 12 Months Ended
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Jan. 01, 2017
Income Tax Disclosure [Abstract] |
Income Before Provision for Income Taxes | Income before provision for income taxes in 2016, 2015 and 2014 consists of the following (in thousands):
|  | 2016 |  |  | 2015 |  |  | 2014 |
Domestic |  | $ | 334,892 |  |  | $ | 298,055 |  |  | $ | 250,730 |
Foreign |  |  | 9,766 |  |  |  | 8,160 |  |  |  | 7,893 |
|  | $ | 344,658 |  |  | $ | 306,215 |  |  | $ | 258,623 |
Differences Between Statutory Income Tax Provision and Consolidated Provision for Income Taxes | The differences between the United States Federal statutory income tax provision (using the statutory rate of 35%) and the Company’s consolidated provision for income taxes for 2016, 2015 and 2014 are summarized as follows (in thousands):
|  | 2016 |  |  | 2015 |  |  | 2014 |
Federal income tax provision based on the statutory rate |  | $ | 120,630 |  |  | $ | 107,175 |  |  | $ | 90,518 |
State and local income taxes, net of related Federal income taxes |  |  | 9,787 |  |  |  | 8,589 |  |  |  | 7,320 |
Non-resident withholding and foreign income taxes |  |  | 17,275 |  |  |  | 15,750 |  |  |  | 15,032 |
Foreign tax and other tax credits |  |  | (20,049 | ) |  |  | (18,345 | ) |  |  | (17,397 | )
Non-deductible expenses, net |  |  | 1,579 |  |  |  | 1,180 |  |  |  | 1,284 |
Valuation allowance |  |  | (120 | ) |  |  | (301 | ) |  |  | (369 | )
Unrecognized tax benefits, net of related Federal income taxes |  |  | (98 | ) |  |  | 110 |  |  |  | (48 | )
Other |  |  | 976 |  |  |  | (732 | ) |  |  | (304 | )
|  | $ | 129,980 |  |  | $ | 113,426 |  |  | $ | 96,036 |
Components of Consolidated Provision for Income Taxes | The components of the 2016, 2015 and 2014 consolidated provision for income taxes are as follows (in thousands):
|  | 2016 |  |  | 2015 |  |  | 2014 |
Provision for Federal income taxes |  |  |  |  |  |  |  |  |  |  |  |
Current provision |  | $ | 100,673 |  |  | $ | 84,071 |  |  | $ | 70,958 |
Deferred provision (benefit) |  |  | (3,096 | ) |  |  | 862 |  |  |  | (873 | )
Total provision for Federal income taxes |  |  | 97,577 |  |  |  | 84,933 |  |  |  | 70,085 |
Provision for state and local income taxes |  |  |  |  |  |  |  |  |  |  |  |
Current provision |  |  | 15,091 |  |  |  | 11,892 |  |  |  | 10,178 |
Deferred provision |  |  | 37 |  |  |  | 851 |  |  |  | 741 |
Total provision for state and local income taxes |  |  | 15,128 |  |  |  | 12,743 |  |  |  | 10,919 |
Provision for non-resident withholding and foreign income taxes |  |  | 17,275 |  |  |  | 15,750 |  |  |  | 15,032 |
|  | $ | 129,980 |  |  | $ | 113,426 |  |  | $ | 96,036 |
Significant Components of Net Deferred Income Taxes | As of January 1, 2017 and January 3, 2016, the significant components of net deferred income taxes are as follows (in thousands):
|  | 2016 |  |  | 2015 |
Deferred Federal income tax assets |  |  |  |  |  |  |  |
Insurance reserves |  | $ | 11,202 |  |  | $ | 10,202 |
Equity compensation |  |  | 11,978 |  |  |  | 12,040 |
Other accruals and reserves |  |  | 18,741 |  |  |  | 14,411 |
Bad debt reserves |  |  | 1,005 |  |  |  | 1,232 |
Valuation allowance |  |  | (35 | ) |  |  | (155 | )
Other |  |  | 5,767 |  |  |  | 5,409 |
Total deferred Federal income tax assets |  |  | 48,658 |  |  |  | 43,139 |
Deferred Federal income tax liabilities |  |  |  |  |  |  |  |
Depreciation, amortization and asset basis differences |  |  | 6,352 |  |  |  | 3,667 |
Capitalized software |  |  | 25,869 |  |  |  | 21,398 |
Gain on debt extinguishments |  |  | 9,073 |  |  |  | 13,609 |
Other |  |  | — |  |  |  | 288 |
Total deferred Federal income tax liabilities |  |  | 41,294 |  |  |  | 38,962 |
Net deferred Federal income tax asset |  |  | 7,364 |  |  |  | 4,177 |
Net deferred state and local income tax asset |  |  | 1,571 |  |  |  | 1,688 |
Net deferred income taxes |  | $ | 8,935 |  |  | $ | 5,865 |
Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
Balance as of December 29, 2013 |  | $ | 3,573 |
Additions for tax positions of current year |  |  | 211 |
Additions for tax positions of prior years |  |  | 173 |
Reductions in tax positions from prior years for: |  |  |  |
Changes in prior year tax positions |  |  | (605 | )
Settlements during the period |  |  | (55 | )
Lapses of applicable statute of limitations |  |  | (358 | )
Balance as of December 28, 2014 |  |  | 2,939 |
Additions for tax positions of current year |  |  | 233 |
Additions for tax positions of prior years |  |  | 171 |
Reductions in tax positions from prior years for: |  |  |  |
Changes in prior year tax positions |  |  | (100 | )
Settlements during the period |  |  | (27 | )
Lapses of applicable statute of limitations |  |  | (1,101 | )
Balance as of January 3, 2016 |  |  | 2,115 |
Additions for tax positions of current year |  |  | 209 |
Reductions in tax positions from prior years for: |  |  |  |
Changes in prior year tax positions |  |  | (33 | )
Lapses of applicable statute of limitations |  |  | (337 | )
Balance as of January 1, 2017 |  | $ | 1,954 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
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