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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 26, 2020
Components of Income Tax Expense (Benefit) | Income tax provisions for the years ended December 26, 2020, December 28, 2019, and December 29, 2018 are summarized as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 | ​ | 2019 |  | 2018
Currently Payable: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 59,055 | ​ | $ | 35,267 | ​ | $ | 31,492
State and local | ​ |  | 16,709 | ​ |  | 10,071 | ​ |  | 7,544
Foreign | ​ |  | 8,601 | ​ |  | 5,834 | ​ |  | 5,527
​ | ​ |  | 84,365 | ​ |  | 51,172 | ​ |  | 44,563
Net Deferred: | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ |  | 2,292 | ​ |  | 6,895 | ​ |  | 2,965
State and local | ​ |  | (1,518) | ​ |  | 805 | ​ |  | (522)
Foreign | ​ |  | 1,962 | ​ |  | (602) | ​ |  | (1,565)
​ | ​ |  | 2,736 | ​ |  | 7,098 | ​ |  | 878
Total income tax expense | ​ | $ | 87,101 | ​ | $ | 58,270 | ​ | $ | 45,441
Components of Earnings Before Income Taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
U.S. | ​ | $ | 308,167 | ​ | $ | 220,532 | ​ | $ | 180,261
Foreign | ​ |  | 32,816 | ​ |  | 20,142 | ​ |  | 17,592
Total | ​ | $ | 340,983 | ​ | $ | 240,674 | ​ | $ | 197,853
Effective Income Tax Rate Reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018 |
Statutory federal income tax rate |  | 21.0 | % | 21.0 | % | 21.0 | %
State and local taxes (net of federal benefits) |  | 3.4 |  | 3.9 |  | 3.8 | ​
Effect of noncontrolling owned interest in earnings of partnerships |  | n/a |  | (0.1) |  | (0.1) | ​
Tax credits, including foreign tax credit |  | (0.9) |  | (1.3) |  | (1.6) | ​
Change in uncertain tax positions reserve |  | (0.1) |  | (0.1) |  | 0.1 | ​
Other permanent differences |  | 0.6 |  | 0.5 |  | 0.6 | ​
Other, net |  | 1.5 |  | 0.3 |  | (0.7) | ​
Impact of Tax Act and reduction of corporate tax rate | ​ | n/a | ​ | n/a | ​ | (0.1) | ​
Effective income tax rate |  | 25.5 | % | 24.2 | % | 23.0 | %
Components of Deferred Tax Assets and Liabilities | Temporary differences which give rise to deferred income tax assets and (liabilities) on December 26, 2020 and December 28, 2019 are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019
Employee benefits | ​ | $ | 23,236 | ​ | $ | 22,420
Lease liability | ​ | ​ | 19,376 | ​ | ​ | 20,255
Net operating loss carryforwards | ​ |  | 6,463 | ​ |  | 6,411
Foreign subsidiary capital loss carryforward | ​ |  | 527 | ​ |  | 519
Other tax credits | ​ |  | 391 | ​ |  | 620
Inventory | ​ |  | 1,633 | ​ |  | 993
Reserves on receivables | ​ |  | 1,630 | ​ |  | 1,266
Accrued expenses | ​ |  | 3,071 | ​ |  | 2,318
Other, net | ​ |  | 8,483 | ​ |  | 3,159
Gross deferred income tax assets | ​ |  | 64,810 | ​ |  | 57,961
Valuation allowance | ​ |  | (4,044) | ​ |  | (2,447)
Deferred income tax assets | ​ |  | 60,766 | ​ |  | 55,514
Depreciation | ​ |  | (41,403) | ​ |  | (34,001)
Intangibles | ​ |  | (22,840) | ​ |  | (21,375)
Right of use assets | ​ | ​ | (19,376) | ​ | ​ | (20,255)
Deferred income tax liabilities | ​ |  | (83,619) | ​ |  | (75,631)
Net deferred income tax liability | ​ | $ | (22,853) | ​ | $ | (20,117)
Schedule of NOL and credit carryforwards | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Net Operating Losses | ​ | Tax Credits
​ |  | U.S. |  | State |  | Foreign |  | U.S. |  | State
2021 - 2025 | ​ | $ | — | ​ | $ | 86 | ​ | $ | 535 | ​ | $ | — | ​ | $ | 391
2026 - 2030 | ​ |  | — | ​ |  | 454 | ​ |  | 1,271 | ​ |  | — | ​ |  | —
2031 - 2035 | ​ |  | — | ​ |  | 961 | ​ |  | 79 | ​ |  | — | ​ |  | —
2036 - 2040 | ​ |  | 1,405 | ​ |  | 1,048 | ​ |  | 92 | ​ |  | — | ​ |  | —
Thereafter | ​ |  | — | ​ |  | — | ​ |  | 532 | ​ |  | — | ​ |  | —
Total | ​ | $ | 1,405 | ​ | $ | 2,549 | ​ | $ | 2,509 | ​ | $ | — | ​ | $ | 391

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