INCOME TAXES (Tables)

12 Months Ended

Jun. 29, 2016

Provision For Income Taxes From Continuing Operations

The provision for income taxes consists of the following (in thousands):



	2016			2015			2014
Current income tax expense:
Federal	$	48,049		$	59,726		$	66,170
State	12,203			11,862			15,219
Foreign	3,497			3,319			3,550
Total current income tax expense	63,749			74,907			84,939
Deferred income tax (benefit) expense:
Federal	21,023			10,754			(18,715		)
State	885			2,018			(4,087		)
Foreign	(15		)	(96		)	112
Total deferred income tax (benefit) expense	21,893			12,676			(22,690		)
	$	85,642		$	87,583		$	62,249

Reconciliation Between Reported Provision for Income Taxes And Amount Computed By Statutory Federal Income Tax Rate

A reconciliation between the reported provision for income taxes and the amount computed by applying the statutory Federal income tax rate of 35% to income before provision for income taxes is as follows (in thousands):



	2016			2015			2014
Income tax expense at statutory rate	$	100,236		$	99,497		$	75,701
FICA tax credit	(20,497		)	(18,633		)	(18,116		)
State income taxes, net of Federal benefit	11,102			8,646			7,636
Other	(5,199		)	(1,927		)	(2,972		)
	$	85,642		$	87,583		$	62,249

Deferred Income Tax Assets And Liabilities

The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and liabilities as of June 29, 2016 and June 24, 2015 are as follows (in thousands):



	2016			2015
Deferred income tax assets:
Leasing transactions	$	32,132		$	30,928
Stock-based compensation	12,817			13,105
Restructure charges and impairments	2,439			2,303
Insurance reserves	18,015			18,567
Employee benefit plans	501			470
Gift cards	19,948			18,499
State net operating losses	16,120			16,521
Federal credit carryover	14,722			0
State credit carryover	4,981			4,538
Other, net	6,987			9,804
Less: Valuation allowance	(18,407		)	(21,059		)
Total deferred income tax assets	110,255			93,676
Deferred income tax liabilities:
Prepaid expenses	17,360			16,803
Goodwill and other amortization	29,884			27,713
Depreciation and capitalized interest on property and equipment	31,626			12,060
Other, net	4,382			3,963
Total deferred income tax liabilities	83,252			60,539
Net deferred income tax asset	$	27,003		$	33,137

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits for the fiscal years ended June 29, 2016 and June 24, 2015 are as follows (in thousands):



	2016			2015
Balance at beginning of year	$	6,088		$	7,375
Additions based on tax positions related to the current year	1,761			760
Additions based on tax positions related to prior years	1,062			18
Settlements with tax authorities	(2,290		)	(371		)
Expiration of statute of limitations	(810		)	(1,694		)
Balance at end of year	$	5,811		$	6,088