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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Components of Income Tax Expense (Benefit) | Income tax provisions for the years ended December 31, 2022, December 25, 2021, and December 26, 2020 are summarized as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 | ​ | 2021 |  | 2020
Currently Payable: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 181,029 | ​ | $ | 115,077 | ​ | $ | 59,055
State and local | ​ |  | 44,646 | ​ |  | 30,441 | ​ |  | 16,709
Foreign | ​ |  | 17,336 | ​ |  | 21,095 | ​ |  | 8,601
​ | ​ |  | 243,011 | ​ |  | 166,613 | ​ |  | 84,365
Net Deferred: | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ |  | (8,561) | ​ |  | 6,242 | ​ |  | 2,292
State and local | ​ |  | (3,657) | ​ |  | 118 | ​ |  | (1,518)
Foreign | ​ |  | (941) | ​ |  | 999 | ​ |  | 1,962
​ | ​ |  | (13,159) | ​ |  | 7,359 | ​ |  | 2,736
Total income tax expense | ​ | $ | 229,852 | ​ | $ | 173,972 | ​ | $ | 87,101
Components of Earnings Before Income Taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
U.S. | ​ | $ | 876,071 | ​ | $ | 645,316 | ​ | $ | 308,167
Foreign | ​ |  | 58,745 | ​ |  | 81,020 | ​ |  | 32,816
Total | ​ | $ | 934,816 | ​ | $ | 726,336 | ​ | $ | 340,983
​
Effective Income Tax Rate Reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Statutory federal income tax rate |  | 21.0 | % | 21.0 | % | 21.0 | %
State and local taxes (net of federal benefits) |  | 3.4 |  | 3.3 |  | 3.4 | ​
Effect of noncontrolling owned interest in earnings of partnerships |  | n/a |  | n/a |  | n/a | ​
Tax credits, including foreign tax credit |  | (0.8) |  | (0.6) |  | (0.9) | ​
Change in uncertain tax positions reserve |  | (0.1) |  | (0.1) |  | (0.1) | ​
Other permanent differences |  | 0.1 |  | (0.4) |  | 0.6 | ​
Other, net |  | 1.0 |  | 0.7 |  | 1.5 | ​
Effective income tax rate |  | 24.6 | % | 23.9 | % | 25.5 | %
​
Components of Deferred Tax Assets and Liabilities | Temporary differences which give rise to deferred income tax assets and (liabilities) on December 31, 2022 and December 25, 2021 are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Employee benefits | ​ | $ | 37,893 | ​ | $ | 27,543
Lease liability | ​ | ​ | 28,746 | ​ | ​ | 24,627
Net operating loss carryforwards | ​ |  | 6,891 | ​ |  | 5,502
Foreign subsidiary capital loss carryforward | ​ |  | 500 | ​ |  | 527
Other tax credits | ​ |  | 102 | ​ |  | 450
Inventory | ​ |  | 3,732 | ​ |  | 2,007
Reserves on receivables | ​ |  | 3,273 | ​ |  | 1,446
Accrued expenses | ​ |  | 6,791 | ​ |  | 5,735
Other, net | ​ |  | 10,378 | ​ |  | 5,233
Gross deferred income tax assets | ​ |  | 98,306 | ​ |  | 73,070
Valuation allowance | ​ |  | (4,618) | ​ |  | (3,952)
Deferred income tax assets | ​ |  | 93,688 | ​ |  | 69,118
Depreciation | ​ |  | (69,711) | ​ |  | (64,387)
Intangibles | ​ |  | (43,643) | ​ |  | (38,367)
Right of use assets | ​ | ​ | (27,849) | ​ | ​ | (23,866)
Deferred income tax liabilities | ​ |  | (141,203) | ​ |  | (126,620)
Net deferred income tax liability | ​ | $ | (47,515) | ​ | $ | (57,502)
​
Schedule of NOL and credit carryforwards | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Net Operating Losses | ​ | Tax Credits
​ |  | U.S. |  | State |  | Foreign |  | U.S. |  | State
2023 - 2027 | ​ | $ | — | ​ | $ | 42 | ​ | $ | 363 | ​ | $ | — | ​ | $ | —
2028 - 2032 | ​ |  | — | ​ | ​ | 230 | ​ | ​ | 1,406 | ​ |  | — | ​ |  | —
2033 - 2037 | ​ |  | — | ​ | ​ | 1,696 | ​ | ​ | 255 | ​ |  | — | ​ |  | 102
2038 - 2042 | ​ |  | 499 | ​ | ​ | 1,804 | ​ | ​ | — | ​ |  | — | ​ |  | —
Thereafter | ​ |  | — | ​ | ​ | — | ​ | ​ | 594 | ​ |  | — | ​ |  | —
Total | ​ | $ | 499 | ​ | $ | 3,772 | ​ | $ | 2,618 | ​ | $ | — | ​ | $ | 102
​

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