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Income Taxes | 12 Months Ended
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Dec. 31, 2019
Income Taxes |
Income Taxes | (9) Income Taxes Components of our income tax provision for the years ended December 31, 2019, December 25, 2018 and December 26, 2017 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Year Ended |
​ |  | December 31, 2019 |  | December 25, 2018 |  | December 26, 2017 |
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 15,643 | ​ | $ | 2,934 | ​ | $ | 43,108 | ​
State | ​ |  | 10,050 | ​ |  | 8,794 | ​ |  | 10,233 | ​
Foreign | ​ | ​ | 369 | ​ | ​ | 210 | ​ | ​ | 309 | ​
Total current | ​ |  | 26,062 | ​ |  | 11,938 | ​ |  | 53,650 | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | 4,396 | ​ | ​ | 11,909 | ​ |  | (4,830) | ​
State | ​ |  | 1,939 | ​ | ​ | 410 | ​ |  | (239) | ​
Total deferred | ​ |  | 6,335 | ​ |  | 12,319 | ​ |  | (5,069) | ​
Income tax provision | ​ | $ | 32,397 | ​ | $ | 24,257 | ​ | $ | 48,581 | ​
​ 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 31, 2019, December 25, 2018 and December 26, 2017 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Fiscal Year Ended | ​
​ | ​ | ​ | December 31, 2019 | ​ | December 25, 2018 | ​ | December 26, 2017 | ​
Tax at statutory federal rate | ​ | ​ | 21.0 | % | 21.0 | % | 35.0 | %
State and local tax, net of federal benefit | ​ | ​ | 3.8 | ​ | 3.6 | ​ | 3.3 | ​
FICA tip tax credit | ​ | ​ | (9.4) | ​ | (9.6) | ​ | (7.0) | ​
Work opportunity tax credit | ​ | ​ | (1.5) | ​ | (1.5) | ​ | (0.9) | ​
Stock compensation | ​ | ​ | (0.1) | ​ | (1.4) | ​ | (1.8) | ​
Net income attributable to noncontrolling interests | ​ | ​ | (0.6) | ​ | (0.8) | ​ | (1.1) | ​
Officers compensation | ​ | ​ | 1.2 | ​ | 1.7 | ​ | 0.1 | ​
Tax reform | ​ | ​ | — | ​ | — | ​ | (1.7) | ​
Other | ​ | ​ | 0.7 | ​ | (0.1) | ​ | 0.2 | ​
Total | ​ | ​ | 15.1 | % | 12.9 | % | 26.1 | %
​ Our effective tax rate increased to 15.1% in 2019 compared to 12.9% in 2018 primarily due to lower excess tax benefits related to our share-based compensation program partially offset by lower non-deductible officer compensation. In addition, the prior year tax rate benefitted from an adjustment related to tax reform that we recorded in conjunction with the filing of our 2017 tax return. Our effective tax rate decreased to 12.9% in 2018 compared to 26.1% in 2017 primarily due to new tax legislation enacted in late 2017. As a result of the new tax legislation, significant tax changes were enacted including a reduction of the federal corporate tax rate from 35.0% to 21.0% and changes in the federal taxes paid on foreign sourced earnings. Components of deferred tax liabilities, net are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2019 |  | December 25, 2018 |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred revenue—gift cards | ​ | $ | 16,122 | ​ | $ | 12,851 | ​
Insurance reserves | ​ | ​ | 4,774 | ​ | ​ | 3,949 | ​
Other reserves | ​ |  | 601 | ​ |  | 890 | ​
Share-based compensation | ​ |  | 5,510 | ​ |  | 4,623 | ​
Operating lease liabilities | ​ | ​ | 137,744 | ​ | ​ | — | ​
Deferred rent | ​ |  | — | ​ |  | 12,179 | ​
Deferred compensation | ​ |  | 10,503 | ​ |  | 8,483 | ​
Tax credit carryforwards | ​ | ​ | 1,710 | ​ | ​ | — | ​
Other assets | ​ |  | 2,482 | ​ |  | 2,212 | ​
Total deferred tax asset | ​ |  | 179,446 | ​ |  | 45,187 | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Property and equipment | ​ |  | (63,777) | ​ |  | (50,513) | ​
Goodwill and intangibles | ​ |  | (6,241) | ​ |  | (5,398) | ​
Operating lease right-of-use asset | ​ | ​ | (123,813) | ​ | ​ | — | ​
Other liabilities | ​ |  | (8,310) | ​ |  | (6,544) | ​
Total deferred tax liability | ​ |  | (202,141) | ​ |  | (62,455) | ​
Net deferred tax liability | ​ | $ | (22,695) | ​ | $ | (17,268) | ​
​ As of December 31, 2019, we have federal tax credit carryforwards of $1.5 million expiring in 2038 and state tax credit carryforwards of $0.2 million expiring in 2023. 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 26, 2017 | ​ | $ | 806 | ​
Additions to tax positions related to prior years | ​ |  | 36 | ​
Additions to tax positions related to current year | ​ | ​ | 754 | ​
Reductions due to statute expiration | ​ | ​ | (114) | ​
Reductions due to exam settlements | ​ |  | — | ​
Balance at December 25, 2018 | ​ |  | 1,482 | ​
Additions to tax positions related to prior years | ​ | ​ | 16 | ​
Additions to tax positions related to current year | ​ |  | 362 | ​
Reductions due to statute expiration | ​ |  | (314) | ​
Reductions due to exam settlement | ​ | ​ | — | ​
Balance at December 31, 2019 | ​ | $ | 1,546 | ​
​ As of December 31, 2019 and December 25, 2018, 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 31, 2019 possess a December tax year-end. As a result, as of December 31, 2019, the tax years ended December 27, 2016, December 26, 2017 and December 25, 2018 remain subject to examination by all tax jurisdictions. As of December 31, 2019, 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, 2019, no event occurred that is likely to result in a significant increase or decrease in the unrecognized tax benefits through December 29, 2020.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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