INCOME TAXES (Tables)

12 Months Ended

Jun. 27, 2018

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

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



	Fiscal Years Ended
	June 27, 2018			June 28, 2017		June 29, 2016
Domestic	$	182,097		$	186,679	$	258,905
Foreign	(11,875		)	21,829		27,482
Total income before provision for income taxes	$	170,222		$	208,508	$	286,387

Provision For Income Taxes From Continuing Operations

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



	Fiscal Years Ended
	June 27, 2018			June 28, 2017			June 29, 2016
Current income tax expense:
Federal	$	28,745		$	64,407		$	48,896
State	12,173			13,358			10,843
Foreign	1			2,490			3,497
Total current income tax expense	40,919			80,255			63,236
Deferred income tax (benefit) expense:
Federal	6,560			(19,647		)	21,842
State	139			(3,064		)	704
Foreign	(3,278		)	141			(15		)
Total deferred income tax (benefit) expense	3,421			(22,570		)	22,531
	$	44,340		$	57,685		$	85,767

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 to income before provision for income taxes is as follows (in thousands):



	Fiscal Years Ended
	June 27, 2018			June 28, 2017			June 29, 2016
Income tax expense at statutory rate	$	47,833		$	72,978		$	100,236
FICA tax credit	(22,641		)	(20,657		)	(20,497		)
State income taxes, net of Federal benefit	8,725			5,928			9,614
Tax reform impact	8,223			—			—
Stock based compensation excess tax shortfall	1,124			—			—
Other	1,076			(564		)	(3,586		)
	$	44,340		$	57,685		$	85,767

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 are as follows (in thousands):



	June 27, 2018			June 28, 2017
Deferred income tax assets:
Leasing transactions	$	22,710		$	32,019
Stock-based compensation	9,128			14,029
Restructure charges and impairments	2,435			3,533
Insurance reserves	12,134			19,700
Employee benefit plans	54			288
Gift cards	15,053			23,670
Net operating losses	6,119			2,554
Federal credit carryover	10,672			12,697
State credit carryover	3,518			3,148
Other, net	3,763			8,480
Less: Valuation allowance	(6,104		)	(5,232		)
Total deferred income tax assets	79,482			114,886
Deferred income tax liabilities:
Prepaid expenses	13,497			19,506
Goodwill and other amortization	20,284			30,213
Depreciation and capitalized interest on property and equipment	11,055			26,375
Other, net	1,033			1,763
Total deferred income tax liabilities	45,869			77,857
Net deferred income tax asset	$	33,613		$	37,029

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits are as follows (in thousands):



	June 27, 2018			June 28, 2017
Balance at beginning of year	$	4,062		$	4,989
Additions based on tax positions related to the current year	502			402
Additions based on tax positions related to prior years	—			31
Settlements with tax authorities	—			(681		)
Expiration of statute of limitations	(638		)	(679		)
Balance at end of year	$	3,926		$	4,062