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Income Taxes | 12 Months Ended
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Dec. 27, 2016
Income Taxes |
Income Taxes | (7) Income Taxes Components of our income tax provision for the years ended December 27, 2016, December 29, 2015 and December 30, 2014 are as follows:
|  | Fiscal Year Ended |
|  | December 27, 2016 |  | December 29, 2015 |  | December 30, 2014 |
Current: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 36,201 |  | $ | 33,403 |  | $ | 31,176 |
State |  |  | 8,786 |  |  | 8,821 |  |  | 7,913 |
Foreign |  |  | 202 |  |  | 351 |  |  | 381 |
Total current |  |  | 45,189 |  |  | 42,575 |  |  | 39,470 |
Deferred: |  |  |  |  |  |  |  |  |  |
Federal |  |  | 5,364 |  |  | 274 |  |  | (379) |
State |  |  | 630 |  |  | 137 |  |  | (101) |
Total deferred |  |  | 5,994 |  |  | 411 |  |  | (480) |
Income tax provision |  | $ | 51,183 |  | $ | 42,986 |  | $ | 38,990 |
Our pre-tax income is substantially derived from domestic restaurants. A reconciliation of the statutory federal income tax rate to our effective tax rate for December 27, 2016, December 29, 2015 and December 30, 2014 is as follows:
|  |  | December 27, 2016 |  | December 29, 2015 |  | December 30, 2014 |
Tax at statutory federal rate |  |  | 35.0 | % | 35.0 | % | 35.0 | %
State and local tax, net of federal benefit |  |  | 3.4 |  | 3.5 |  | 3.5 |
FICA tip tax credit |  |  | (6.8) |  | (7.2) |  | (6.9) |
Work opportunity tax credit |  |  | (0.8) |  | (0.9) |  | (1.0) |
Net income attributable to noncontrolling interests |  |  | (0.9) |  | (1.0) |  | (1.0) |
Other |  |  | (0.1) |  | 0.4 |  | 0.4 |
Total |  |  | 29.8 | % | 29.8 | % | 30.0 | %
Components of deferred tax assets (liabilities) are as follows:
|  | December 27, 2016 |  | December 29, 2015 |
Deferred tax assets: |  |  |  |  |  |  |
Insurance reserves |  | $ | 5,049 |  | $ | 4,463 |
Other reserves |  |  | 587 |  |  | 625 |
Deferred rent |  |  | 13,400 |  |  | 11,727 |
Share-based compensation |  |  | 8,642 |  |  | 7,446 |
Deferred revenue—gift cards |  |  | 10,887 |  |  | 7,707 |
Deferred compensation |  |  | 8,422 |  |  | 6,749 |
Other assets |  |  | 3,261 |  |  | 2,933 |
Total deferred tax asset |  |  | 50,248 |  |  | 41,650 |
Deferred tax liabilities: |  |  |  |  |  |  |
Property and equipment |  |  | (48,390) |  |  | (38,541) |
Goodwill and intangibles |  |  | (5,978) |  |  | (5,089) |
Other liabilities |  |  | (6,152) |  |  | (2,345) |
Total deferred tax liability |  |  | (60,520) |  |  | (45,975) |
Net deferred tax liability |  | $ | (10,272) |  | $ | (4,325) |
Current deferred tax asset |  | $ | 1,996 |  | $ | 2,077 |
Noncurrent deferred tax liability |  |  | (12,268) |  |  | (6,402) |
Net deferred tax liability |  | $ | (10,272) |  | $ | (4,325) |
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, all of which would impact the effective tax rate if recognized, is as follows:
Balance at December 30, 2014 |  | $ | 114 |
Additions to tax positions related to prior years |  |  | 315 |
Additions to tax positions related to current year |  |  | 85 |
Reductions due to statute expiration |  |  | (11) |
Reductions due to exam settlements |  |  | (98) |
Balance at December 29, 2015 |  |  | 405 |
Additions to tax positions related to prior years |  |  | 23 |
Additions to tax positions related to current year |  |  | 274 |
Reductions due to statute expiration |  |  | (4) |
Reductions due to exam settlement |  |  | (187) |
Balance at December 27, 2016 |  | $ | 511 |
We recognize both interest and penalties on unrecognized tax benefits as part of income tax expense. As of December 27, 2016 and December 29, 2015, the total amount of accrued penalties and interest related to uncertain tax provisions was not material. All entities for which unrecognized tax benefits exist as of December 27, 2016 possess a December tax year-end. As a result, as of December 27, 2016, the tax years ended December 31, 2013, December 30, 2014 and December 29, 2015 remain subject to examination by all tax jurisdictions. As of December 27, 2016, 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 27, 2016, no event occurred that is likely to result in a significant increase or decrease in the unrecognized tax benefits through December 26, 2017.

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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 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 2: 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=65882285&loc=d3e32559-109319 Reference 3: 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=65882285&loc=d3e32718-109319 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=65882285&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=65882285&loc=d3e32537-109319 + Details
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