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Income Taxes | 12 Months Ended
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Dec. 31, 2013
Income Taxes |
Income Taxes | (8) Income Taxes Components of our income tax (benefit) and provision for the years ended December 31, 2013, December 25, 2012 and December 27, 2011 are as follows:
|  | Fiscal Year Ended |
--- | --- | --- | ---
|  | December 31, 2013 |  | December 25, 2012 |  | December 27, 2011 |
Current: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 28,648 |  | $ | 29,286 |  | $ | 20,546 |
State |  |  | 6,439 |  |  | 7,618 |  |  | 6,149 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total current |  |  | 35,087 |  |  | 36,904 |  |  | 26,695 |
Deferred: |  |  |  |  |  |  |  |  |  |
Federal |  |  | (919 | ) |  | (1,511 | ) |  | 289 |
State |  |  | (28 | ) |  | (655 | ) |  | (219 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred |  |  | (947 | ) |  | (2,166 | ) |  | 70 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax provision |  | $ | 34,140 |  | $ | 34,738 |  | $ | 26,765 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
A reconciliation of the statutory federal income tax rate to our effective tax rate for December 31, 2013, December 25, 2012 and December 27, 2011 is as follows:
|  | December 31, 2013 |  | December 25, 2012 |  | December 27, 2011 |
--- | --- | --- | --- | --- | --- | --- | ---
Tax at statutory federal rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State and local tax, net of federal benefit |  |  | 3.5 |  |  | 3.7 |  |  | 3.7 |
FICA tip tax credit |  |  | (6.5 | ) |  | (6.2 | ) |  | (6.0 | )
HIRE retention credit |  |  | — |  |  | — |  |  | (2.1 | )
Work opportunity tax credit |  |  | (1.7 | ) |  | (0.9 | ) |  | (1.2 | )
Incentive stock options |  |  | (0.7 | ) |  | (0.2 | ) |  | (0.2 | )
Nondeductible officer compensation |  |  | 0.4 |  |  | 1.2 |  |  | 0.5 |
Net income attributable to noncontrolling interests |  |  | (1.1 | ) |  | — |  |  | — |
Other |  |  | — |  |  | 0.2 |  |  | (0.2 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  |  | 28.9 | % |  | 32.8 | % |  | 29.5 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
In prior years, we deducted net income attributable to noncontrolling interests from income before taxes as shown in our consolidated statements of income and comprehensive income to determine the effective tax rates shown in the table above. The impact of including the net income attributable to noncontrolling interests would have reduced our effective tax rate to 32.0% and 28.7% for the years ended December 25, 2012 and December 27, 2011, respectively. Components of deferred tax assets (liabilities) are as follows:
|  | December 31, 2013 |  | December 25, 2012 |
--- | --- | --- | --- | --- | ---
Deferred tax assets: |  |  |  |  |  |  |
Insurance reserves |  | $ | 3,876 |  | $ | 3,142 |
Other reserves |  |  | 515 |  |  | 450 |
Deferred rent |  |  | 8,563 |  |  | 7,185 |
Share-based compensation |  |  | 5,246 |  |  | 5,231 |
Deferred revenue—gift cards |  |  | 3,860 |  |  | 3,135 |
Deferred compensation |  |  | 4,200 |  |  | 3,507 |
Other assets and liabilities |  |  | 3,311 |  |  | 2,456 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax asset |  |  | 29,571 |  |  | 25,106 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: |  |  |  |  |  |  |
Property and equipment |  |  | (27,585 | ) |  | (24,449 | )
Goodwill and intangibles |  |  | (3,304 | ) |  | (2,943 | )
Other assets and liabilities |  |  | (1,603 | ) |  | (980 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax liability |  |  | (32,492 | ) |  | (28,372 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax liability |  | $ | (2,921 | ) | $ | (3,266 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current deferred tax asset |  | $ | 2,853 |  | $ | 2,836 |
Noncurrent deferred tax liability |  |  | (5,774 | ) |  | (6,102 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax liability |  | $ | (2,921 | ) | $ | (3,266 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 27, 2011 |  | $ | 124 |  | $ | — |  | $ | 124 |
Additions to tax positions related to prior years |  |  | 145 |  |  | — |  |  | 145 |
Reductions due to statute expiration |  |  | (87 | ) |  | — |  |  | (87 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at December 25, 2012 |  |  | 182 |  |  | — |  |  | 182 |
Additions to tax positions related to current year |  |  | 102 |  |  | — |  |  | 102 |
Reductions due to exam settlement |  |  | (112 | ) |  | — |  |  | (112 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at December 31, 2013 |  | $ | 172 |  | $ | — |  | $ | 172 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
We recognize both interest and penalties on unrecognized tax benefits as part of income tax expense. As of December 31, 2013 and December 25, 2012, 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 31, 2013 possess a December tax year-end. As a result, as of December 31, 2013, the tax years ended December 28, 2010, December 27, 2011 and December 25, 2012 remain subject to examination by all tax jurisdictions. As of December 31, 2013, 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 31, 2013, no event occurred that is likely to result in a significant increase or decrease in the unrecognized tax benefits through December 30, 2014.

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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 Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 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=26873400&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 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: 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 6: 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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