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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Total Income Tax Expense | Total income tax expense for 2021, 2020 and 2019 consisted of the following:
|  | Fiscal Years |
(In thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 19,800 |  |  | $ | 11,553 |  |  | $ | 16,498 |
Foreign |  |  | 2,252 |  |  |  | 1,873 |  |  |  | 1,523 |
State |  |  | 8,588 |  |  |  | 4,597 |  |  |  | 6,554 |
|  |  | 30,640 |  |  |  | 18,023 |  |  |  | 24,575 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (3,930 | ) |  |  | (2,766 | ) |  |  | (1,727 | )
State |  |  | (2,075 | ) |  |  | (873 | ) |  |  | (1,118 | )
|  |  | (6,005 | ) |  |  | (3,639 | ) |  |  | (2,845 | )
Total |  | $ | 24,635 |  |  | $ | 14,384 |  |  | $ | 21,730 |
Company's Effective Tax Rate Differs From Statutory Federal Tax Rate | The Company’s effective tax rate differs from the statutory federal tax rate of 21% as shown in the following schedule:
|  | Fiscal Years |
(In thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
Tax at federal statutory rate |  | $ | 26,426 |  |  | $ | 20,357 |  |  | $ | 21,880 |
State taxes, net of federal benefit |  |  | 5,174 |  |  |  | 2,942 |  |  |  | 4,129 |
Divestiture of foreign subsidiary |  |  | — |  |  |  | 46 |  |  |  | 956 |
Non-deductible officer compensation |  |  | 997 |  |  |  | 907 |  |  |  | 759 |
Non-deductible expenses |  |  | 19 |  |  |  | 118 |  |  |  | 345 |
Non-deductible stock-based compensation |  |  | 13 |  |  |  | (14 | ) |  |  | 2 |
Excess tax benefit from equity incentive plans |  |  | (7,850 | ) |  |  | (9,725 | ) |  |  | (6,394 | )
Difference between statutory rate and foreign effective tax rate |  |  | (622 | ) |  |  | (486 | ) |  |  | (341 | )
Other |  |  | 478 |  |  |  | 239 |  |  |  | 394 |
Tax expense |  | $ | 24,635 |  |  | $ | 14,384 |  |  | $ | 21,730 |
Effective tax rate |  |  | 19.6 | % |  |  | 14.8 | % |  |  | 20.9 | %
Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2021 and January 1, 2021 are presented in the following schedule:
|  | Fiscal Years |
(In thousands) |  | 2021 |  |  | 2020 |
Deferred tax assets: |  |  |  |  |  |  |  |
Accrued liabilities and allowances |  | $ | 17,914 |  |  | $ | 16,841 |
Deferred compensation plan |  |  | 38,167 |  |  |  | 31,619 |
Operating leases |  |  | 4,298 |  |  |  | 5,758 |
Property, equipment and leasehold improvements |  |  | 120 |  |  |  | — |
Total deferred tax assets |  | $ | 60,499 |  |  | $ | 54,218 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
State taxes |  | $ | (2,062 | ) |  | $ | (1,969 | )
Deductible goodwill |  |  | (2,120 | ) |  |  | (2,091 | )
Operating leases |  |  | (4,298 | ) |  |  | (5,758 | )
Property, equipment and leasehold improvements |  |  | — |  |  |  | (81 | )
Unrealized gain of deferred compensation plan assets |  |  | (5,336 | ) |  |  | (3,545 | )
Other |  |  | (137 | ) |  |  | (235 | )
Total deferred tax liabilities |  |  | (13,953 | ) |  |  | (13,679 | )
Net deferred tax assets |  | $ | 46,546 |  |  | $ | 40,539 |
Reconciliation of The Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Balance at January 3, 2020 |  | $ | 1,923,000 |
Additions based on tax positions related to the current year |  |  | 275,000 |
Reductions due to lapse of statute of limitations |  |  | (325,000 | )
Balance at January 1, 2021 |  | $ | 1,873,000 |
Additions based on tax positions related to the current year |  |  | 478,000 |
Reductions due to lapse of statute of limitations |  |  | (402,000 | )
Balance at December 31, 2021 |  | $ | 1,949,000 |

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