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Income Taxes Income Taxes (Tables)

12 Months Ended

Jul. 29, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision (benefit) for income taxes were as follows (dollars in thousands):

	Fiscal Year Ended
	2017				2016				2015
Current:
Federal	$	62,455			$	42,096			$	42,516
Foreign	176				310				502
State	12,344				8,399				6,998
	74,975				50,805				50,016
Deferred:
Federal	17,051				26,467				305
Foreign	(35		)		(296		)		268
State	1,217				611				671
	18,233				26,782				1,244
Total Tax Provision	$	93,208			$	77,587			$	51,260

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities consisted of the following (dollars in thousands):

	July 29, 2017				July 30, 2016
Deferred tax assets:
Insurance and other reserves	$	36,955			$	33,847
Allowance for doubtful accounts and reserves	1,975				1,013
Net operating loss carryforwards	765				1,151
Stock-based compensation	8,022				6,424
Other	1,750				1,363
Total deferred tax assets	49,467				43,798
Valuation allowance	(122		)		(358		)
Deferred tax assets, net of valuation allowance	$	49,345			$	43,440
Deferred tax liabilities:
Property and equipment	$	87,581			$	63,926
Goodwill and intangibles	38,125				32,632
Other	741				736
Deferred tax liabilities	$	126,447			$	97,294
Net deferred tax liabilities	$	77,102			$	53,854

Schedule of Effective Income Tax Rate Reconciliation

The difference between the total tax provision and the amount computed by applying the statutory federal income tax rates to pre-tax income is as follows (dollars in thousands):

	Fiscal Year Ended
	2017				2016				2015
Statutory rate applied to pre-tax income	$	87,649			$	72,214			$	47,454
State taxes, net of federal tax benefit	9,868				7,398				5,159
Non-taxable and non-deductible items, net	(4,686		)		(2,013		)		(1,220		)
Change in accruals for uncertain tax positions	632				113				(74		)
Other items, net	(255		)		(125		)		(59		)
Total tax provision	$	93,208			$	77,587			$	51,260

Schedule of Unrecognized Tax Benefits Roll Forward

A summary of unrecognized tax benefits is as follows (dollars in thousands):

	Fiscal Year Ended
	2017				2016				2015
Balance at beginning of year	$	2,440			$	2,327			$	2,401
Additions based on tax positions related to the fiscal year	441				161				44
Additions (reductions) based on tax positions related to prior years	229				86				(98		)
Reductions related to the expiration of statutes of limitation	(38		)		(134		)		(20		)
Balance at end of year	$	3,072			$	2,440			$	2,327

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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Tabular disclosure of the change in unrecognized tax benefits.

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-Publisher FASB
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-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320

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