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Income Taxes (Tables)

12 Months Ended

Dec. 29, 2018

Schedule of Provisions for Income Taxes

The provisions for income taxes consisted of the following (in thousands):

		Fiscal Years
		2018				2017				2016
Current:
Federal		$	60,650			$	72,025			$	68,548
State			9,410				8,312				6,668
Foreign			993				500				563
Total current		$	71,053			$	80,837			$	75,779
Deferred:
Federal		$	1,730			$	(17,110	)		$	6,104
State			385				79				224
Total deferred		$	2,115			$	(17,031	)		$	6,328
Income taxes		$	73,168			$	63,806			$	82,107

Schedule of Deferred Tax Assets and Liabilities

Temporary differences and carryforwards which gave rise to deferred tax assets and liabilities consisted of the following (in thousands):

		Dec. 29, 2018				Dec. 30, 2017
Deferred tax assets:
Receivable valuations		$	3,414			$	3,244
Share-based payments			5,286				2,182
Self-insured claims			4,201				4,688
Other			3,843				3,666
Total deferred tax assets		$	16,744			$	13,780
Deferred tax liabilities:
Operating property		$	48,553			$	43,105
Goodwill			3,812				3,773
Other			1,608				2,016
Total deferred tax liabilities		$	53,973			$	48,894
Net deferred tax liability		$	37,229			$	35,114

Schedule of Income Taxes Calculated on Income from Continuing Operations Before Income Taxes and Provision for Income Taxes

The following table summarizes the differences between income taxes calculated at the federal income tax rates of 21% for 2018 and 35% for 2017 and 2016, respectively, on income before income taxes and the provisions for income taxes (in thousands):

		Fiscal Years
		2018				2017				2016
Income taxes at federal income tax rate		$	68,960			$	84,281			$	76,810
State income taxes, net of federal income tax benefit			7,713				5,417				4,505
Non-deductible executive compensation			1,012				—				—
Meals and entertainment exclusion			719				1,021				958
Share-based payments			(2,138	)			(1,549	)			(239	)
Section 199 deductions and R&D credits			(3,309	)			(5,546	)			(250	)
Tax Reform Act			—				(19,530	)			—
Other, net			211				(288	)			323
Income taxes		$	73,168			$	63,806			$	82,107

Schedule for Gross Unrecognized Tax Benefits

The following table summarizes the rollforward of the total amounts of gross unrecognized tax benefits for fiscal years 2018 and 2017 (in thousands):

		Fiscal Years
		2018				2017
Gross unrecognized tax benefits – beginning of the year		$	4,812			$	2,635
Gross increases related to current year tax positions			714				645
Gross increases related to prior year tax positions			370				2,189
Gross decreases related to prior year tax positions			(1,575	)			(75	)
Settlements			(159	)			(100	)
Lapse of statute of limitations			(643	)			(482	)
Gross unrecognized tax benefits – end of the year		$	3,519			$	4,812

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- Definition

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.

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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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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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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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