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Income Taxes | 12 Months Ended
--- | ---
Dec. 25, 2012
Income Taxes |
Income Taxes | (8) Income Taxes Components of our income tax (benefit) and provision for the years ended December 25, 2012, December 27, 2011 and December 28, 2010 are as follows:
|  | Year Ended December 25, 2012 |  | Year Ended December 27, 2011 |  | Year Ended December 28, 2010 |
--- | --- | --- | --- | --- | --- | --- | ---
Current: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 29,286 |  | $ | 20,546 |  | $ | 20,561 |
State |  |  | 7,618 |  |  | 6,149 |  |  | 5,323 |
Total current |  |  | 36,904 |  |  | 26,695 |  |  | 25,884 |
Deferred: |  |  |  |  |  |  |  |  |  |
Federal |  |  | (1,511 | ) |  | 289 |  |  | 1,788 |
State |  |  | (655 | ) |  | (219 | ) |  | 11 |
Total deferred |  |  | (2,166 | ) |  | 70 |  |  | 1,799 |
Income tax provision |  | $ | 34,738 |  | $ | 26,765 |  | $ | 27,683 |
A reconciliation of the statutory federal income tax rate to our effective tax rate for December 25, 2012, December 27, 2011 and December 28, 2010 is as follows:
|  | December 25, 2012 |  | December 27, 2011 |  | December 28, 2010 |
--- | --- | --- | --- | --- | --- | --- | ---
Tax at statutory federal rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State and local tax, net of federal benefit |  |  | 3.7 |  |  | 3.7 |  |  | 3.7 |
FICA tip tax credit |  |  | (6.2 | ) |  | (6.0 | ) |  | (5.4 | )
HIRE retention credit |  |  | — |  |  | (2.1 | ) |  | — |
Work opportunity tax credit |  |  | (0.9 | ) |  | (1.2 | ) |  | (2.1 | )
Incentive stock options |  |  | (0.2 | ) |  | (0.2 | ) |  | (0.1 | )
Nondeductible officer compensation |  |  | 1.2 |  |  | 0.5 |  |  | 0.9 |
Other |  |  | 0.2 |  |  | (0.2 | ) |  | 0.2 |
Total |  |  | 32.8 | % |  | 29.5 | % |  | 32.2 | %
Components of deferred tax assets (liabilities) are as follows:
|  | December 25, 2012 |  | December 27, 2011 |
--- | --- | --- | --- | --- | ---
Deferred tax assets: |  |  |  |  |  |  |
Insurance reserves |  | $ | 3,142 |  | $ | 3,252 |
Other reserves |  |  | 450 |  |  | 473 |
Deferred rent |  |  | 7,185 |  |  | 5,831 |
Share-based compensation |  |  | 5,231 |  |  | 5,460 |
Unredeemed gift cards |  |  | 3,135 |  |  | 2,812 |
Deferred compensation |  |  | 3,507 |  |  | 2,503 |
Other assets and liabilities |  |  | 2,456 |  |  | 2,288 |
Total deferred tax asset |  |  | 25,106 |  |  | 22,619 |
Deferred tax liabilities: |  |  |  |  |  |  |
Property and equipment |  |  | (24,449 | ) |  | (25,418 | )
Intangibles |  |  | (2,943 | ) |  | (2,004 | )
Other assets and liabilities |  |  | (980 | ) |  | (545 | )
Total deferred tax liability |  |  | (28,372 | ) |  | (27,967 | )
Net deferred tax liability |  | $ | (3,266 | ) | $ | (5,348 | )
Current deferred tax asset |  | $ | 2,836 |  | $ | 3,367 |
Noncurrent deferred tax liability |  |  | (6,102 | ) |  | (8,715 | )
Net deferred tax liability |  | $ | (3,266 | ) | $ | (5,348 | )
We have not provided any valuation allowance as we believe the realization of our deferred tax assets is more likely than not. A reconciliation of the beginning and ending liability for unrecognized tax benefits is as follows:
|  | Uncertain tax positions impacting tax rate |  | Uncertain tax positions not impacting tax rate |  | Total uncertain tax positions |
--- | --- | --- | --- | --- | --- | --- | ---
Balance at December 28, 2010 |  | $ | 124 |  | $ | — |  | $ | 124 |
Additions to tax positions related to prior years |  |  | 91 |  |  | — |  |  | 91 |
Reductions due to statute expiration |  |  | (91 | ) |  | — |  |  | (91 | )
Balance at December 27, 2011 |  |  | 124 |  |  | — |  |  | 124 |
Additions to tax positions related to prior years |  |  | 145 |  |  | — |  |  | 145 |
Reductions due to exam settlement |  |  | (87 | ) |  | — |  |  | (87 | )
Balance at December 25, 2012 |  | $ | 182 |  | $ | — |  | $ | 182 |
We, consistent with our existing policy, recognize both interest and penalties on unrecognized tax benefits as part of income tax expense. As of December 25, 2012 and December 27, 2011, the total amount of accrued penalties and interest related to uncertain tax provisions was immaterial. All entities for which unrecognized tax benefits exist as of December 25, 2012 possess a December tax year-end. As a result, as of December 25, 2012, the tax years ended December 29, 2009, December 28, 2010 and December 27, 2011 remain subject to examination by all tax jurisdictions. As of December 25, 2012, no audits were in process by a tax jurisdiction that, if completed during the next twelve months, would be expected to result in a material change to our unrecognized tax benefits. Additionally, as of December 25, 2012, no event occurred that is likely to result in a significant increase or decrease in the unrecognized tax benefits through December 31, 2013.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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