XML 52 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 26, 2023

Income Taxes

Schedule of components of our income tax provision

​

​	​	​	​	​	​	​	​	​	​
​	​	Fiscal Year Ended
​		December 26, 2023			December 27, 2022			December 28, 2021
Current:	​	​	​	​	​	​	​	​	​
Federal	​	$	21,694	​	$	15,549	​	$	16,700
State	​		19,105	​		18,120	​		13,539
Foreign	​	​	735	​	​	590	​	​	443
Total current	​		41,534	​		34,259	​		30,682
Deferred:	​	​	​	​	​	​	​	​	​
Federal	​		4,518	​	​	9,664	​		7,391
State	​		(1,403)	​	​	(208)	​		1,505
Total deferred	​		3,115	​		9,456	​		8,896
Income tax expense	​	$	44,649	​	$	43,715	​	$	39,578

Schedule of reconciliation of the statutory federal income tax rate to our effective tax rate

​

​	​	​	​	​	​	​	​
​	​	Fiscal Year Ended					​
​	​	December 26, 2023	​	December 27, 2022	​	December 28, 2021	​
Tax at statutory federal rate	​	21.0	%	21.0	%	21.0	%
State and local tax, net of federal benefit	​	3.6	​	3.7	​	3.8	​
FICA tip tax credit	​	(11.1)	​	(10.5)	​	(9.3)	​
Work opportunity tax credit	​	(1.0)	​	(1.3)	​	(1.2)	​
Share-based compensation	​	(0.5)	​	(0.1)	​	(1.5)	​
Net income attributable to noncontrolling interests	​	(0.4)	​	(0.4)	​	(0.5)	​
Officers compensation	​	0.6	​	0.7	​	1.1	​
Other	​	0.3	​	0.5	​	0.1	​
Total	​	12.5	%	13.6	%	13.5	%

Schedule of components of deferred tax assets (liabilities)

​

​	​	​	​	​	​	​
​		December 26, 2023			December 27, 2022
Deferred tax assets:	​	​	​	​	​	​
Deferred revenue—gift cards	​	$	32,999	​	$	29,889
Insurance reserves	​	​	8,351	​	​	6,506
Other reserves	​		1,884	​		1,060
Share-based compensation	​		5,241	​		5,059
Operating lease liabilities	​	​	191,422	​	​	173,853
Deferred compensation	​		21,697	​		17,934
Tax credit carryforwards	​	​	45	​	​	2,740
Other assets	​		3,907	​		2,991
Total deferred tax asset	​		265,546	​		240,032
Deferred tax liabilities:	​	​	​	​	​	​
Property and equipment	​		(90,638)	​		(82,832)
Goodwill and intangibles	​		(9,116)	​		(8,374)
Operating lease right-of-use asset	​	​	(171,999)	​	​	(155,837)
Other liabilities	​	​	(16,897)	​	​	(13,968)
Total deferred tax liability	​		(288,650)	​		(261,011)
Net deferred tax liability	​	$	(23,104)	​	$	(20,979)

Schedule of reconciliation of the beginning and ending liability for unrecognized tax benefits

​

​	​	​
Balance at December 28, 2021	$	1,528
Additions to tax positions related to prior years		1,545
Additions to tax positions related to current year	​	872
Reductions due to statute expiration	​	-
Reductions due to exam settlement		(20)
Balance at December 27, 2022		3,925
Additions to tax positions related to prior years	​	964
Additions to tax positions related to current year		139
Reductions due to statute expiration		(246)
Reductions due to exam settlement	​	-
Balance at December 26, 2023	$	4,782

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-15

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 19
-SubTopic 10
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-19

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration