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Income Taxes (Tables) | 12 Months Ended
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Dec. 28, 2014
Income Tax Disclosure [Abstract] |
Significant Components of the Provision for Income Taxes | The following table presents the significant components of the provision for income taxes for 2014, 2013 and 2012.
|  | Fiscal Year |
In Thousands |  | 2014 |  |  | 2013 |  |  | 2012 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 13,153 |  |  | $ | 18,938 |  |  | $ | 12,871 |
State |  |  | 2,163 |  |  |  | 3,221 |  |  |  | 1,880 |
Total current provision |  | $ | 15,316 |  |  | $ | 22,159 |  |  | $ | 14,751 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 3,638 |  |  | $ | (7,701 | ) |  | $ | 5,667 |
State |  |  | 582 |  |  |  | (2,316 | ) |  |  | 1,471 |
Total deferred provision (benefit) |  | $ | 4,220 |  |  | $ | (10,017 | ) |  | $ | 7,138 |
Income tax expense |  | $ | 19,536 |  |  | $ | 12,142 |  |  | $ | 21,889 |
Reconciliation of Income Tax Expense at Statutory Federal Rate to Actual Income Tax Expense | The following table provides a reconciliation of income tax expense at the statutory federal rate to actual income tax expense.
|  | Fiscal Year |
In Thousands |  | 2014 |  |  | 2013 |  |  | 2012 |
Statutory expense |  | $ | 19,474 |  |  | $ | 15,485 |  |  | $ | 18,672 |
State income taxes, net of federal benefit |  |  | 2,133 |  |  |  | 1,811 |  |  |  | 2,191 |
Noncontrolling interest — Piedmont |  |  | (1,835 | ) |  |  | (1,674 | ) |  |  | (1,694 | )
Adjustment for uncertain tax positions |  |  | 30 |  |  |  | (167 | ) |  |  | 761 |
Adjustment for state tax legislation |  |  | 0 |  |  |  | (2,261 | ) |  |  | 0 |
Valuation allowance change |  |  | 1,203 |  |  |  | 321 |  |  |  | 1,767 |
Capital loss carryover |  |  | (854 | ) |  |  | 0 |  |  |  | 0 |
Manufacturing deduction benefit |  |  | (1,470 | ) |  |  | (1,995 | ) |  |  | (1,330 | )
Meals and entertainment |  |  | 1,204 |  |  |  | 1,127 |  |  |  | 1,184 |
Other, net |  |  | (349 | ) |  |  | (505 | ) |  |  | 338 |
Income tax expense |  | $ | 19,536 |  |  | $ | 12,142 |  |  | $ | 21,889 |
Reconciliation of the Beginning and Ending Balances of the Total Amounts of Uncertain Tax Positions | A reconciliation of the beginning and ending balances of the total amounts of uncertain tax positions (excluding accrued interest) is as follows:
|  | Fiscal Year |
In Thousands |  | 2014 |  |  | 2013 |  |  | 2012 |
Gross uncertain tax positions at the beginning of the year |  | $ | 2,630 |  |  | $ | 4,950 |  |  | $ | 4,281 |
Increase as a result of tax positions taken during a prior period |  |  | 0 |  |  |  | 55 |  |  |  | 315 |
Decrease as a result of tax positions taken during a prior period |  |  | 0 |  |  |  | (33 | ) |  |  | 0 |
Increase as a result of tax positions taken in the current period |  |  | 498 |  |  |  | 578 |  |  |  | 538 |
Reduction as a result of the expiration of the applicable statute of limitations |  |  | (508 | ) |  |  | (2,920 | ) |  |  | (184 | )
Gross uncertain tax positions at the end of the year |  | $ | 2,620 |  |  | $ | 2,630 |  |  | $ | 4,950 |
Temporary Differences and Carryforwards that Comprised Deferred Income Tax Assets and Liabilities | Temporary differences and carryforwards that comprised deferred income tax assets and liabilities were as follows:
In Thousands |  | Dec. 28, 2014 |  |  | Dec. 29, 2013 |
Intangible assets |  | $ | 139,744 |  |  | $ | 122,608 |
Depreciation |  |  | 77,311 |  |  |  | 69,905 |
Investment in Piedmont |  |  | 42,271 |  |  |  | 42,071 |
Inventory |  |  | 10,777 |  |  |  | 10,082 |
Prepaid expenses |  |  | 4,237 |  |  |  | 4,357 |
Patronage dividend |  |  | 4,361 |  |  |  | 4,046 |
Debt exchange premium |  |  | 634 |  |  |  | 1,085 |
Other |  |  | 161 |  |  |  | 446 |
Deferred income tax liabilities |  |  | 279,496 |  |  |  | 254,600 |
Deferred compensation |  |  | (42,990 | ) |  |  | (40,152 | )
Postretirement benefits |  |  | (26,783 | ) |  |  | (25,892 | )
Pension (nonunion) |  |  | (25,951 | ) |  |  | (9,919 | )
Sub-bottling liability |  |  | (18,084 | ) |  |  | 0 |
Accrued liabilities |  |  | (16,049 | ) |  |  | (13,451 | )
Capital lease agreements |  |  | (6,265 | ) |  |  | (6,201 | )
Net operating loss carryforwards |  |  | (4,075 | ) |  |  | (5,372 | )
Transactional costs |  |  | (3,584 | ) |  |  | (1,157 | )
Pension (union) |  |  | (3,472 | ) |  |  | (3,606 | )
Other |  |  | (54 | ) |  |  | (2 | )
Deferred income tax assets |  |  | (147,307 | ) |  |  | (105,752 | )
Valuation allowance for deferred tax assets |  |  | 3,640 |  |  |  | 3,553 |
Net current deferred income tax asset |  |  | (4,171 | ) |  |  | (1,007 | )
Net noncurrent deferred income tax liability |  | $ | 140,000 |  |  | $ | 153,408 |

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- 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://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 + Details
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- 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://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 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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