XML 54 R50.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jan. 03, 2015
Components of Income Tax Expense | The company’s provision for income tax expense consists of the following for fiscal years 2014, 2013 and 2012:
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
|  | (Amounts in thousands) |
Current Taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 72,780 |  |  | $ | 73,669 |  |  | $ | 54,599 |
State |  |  | 10,294 |  |  |  | 11,325 |  |  |  | 6,602 |
|  |  | 83,074 |  |  |  | 84,994 |  |  |  | 61,201 |
Deferred Taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 7,691 |  |  |  | 7,970 |  |  |  | 9,703 |
State |  |  | 1,550 |  |  |  | (1,485 | ) |  |  | 1,747 |
|  |  | 9,241 |  |  |  | 6,485 |  |  |  | 11,450 |
Income tax expense |  | $ | 92,315 |  |  | $ | 91,479 |  |  | $ | 72,651 |
Reconciliation of Effective Tax Amount | Income tax expense differs from the amount computed by applying the U.S. federal income tax rate (35%) because of the effect of the following items for fiscal years 2014, 2013, and 2012:
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
|  | (Amounts in thousands) |
Tax at U.S. federal income tax rate |  | $ | 93,819 |  |  | $ | 112,831 |  |  | $ | 73,070 |
State income taxes, net of federal income tax benefit |  |  | 7,698 |  |  |  | 6,396 |  |  |  | 5,427 |
Section 199 qualifying production activities benefit |  |  | (6,892 | ) |  |  | (7,022 | ) |  |  | (5,407 | )
Bargain purchase |  |  | — |  |  |  | (17,524 | ) |  |  | — |
Other |  |  | (2,310 | ) |  |  | (3,202 | ) |  |  | (439 | )
Income tax expense |  | $ | 92,315 |  |  | $ | 91,479 |  |  | $ | 72,651 |
Components of Deferred Tax Assets and (Liabilities) | Deferred tax assets (liabilities) are comprised of the following:
|  | January 3, 2015 |  |  | December 28, 2013 |
|  | (Amounts in thousands) |
Self-insurance |  | $ | 6,294 |  |  | $ | 7,227 |
Compensation and employee benefits |  |  | 12,898 |  |  |  | 13,558 |
Deferred income |  |  | 9,896 |  |  |  | 7,397 |
Loss and credit carryforwards |  |  | 21,421 |  |  |  | 27,055 |
Equity-based compensation |  |  | 15,597 |  |  |  | 14,402 |
Hedging |  |  | 7,153 |  |  |  | 7,158 |
Pension |  |  | 30,160 |  |  |  | 10,822 |
Postretirement benefits |  |  | 6,796 |  |  |  | 7,595 |
Other |  |  | 15,437 |  |  |  | 16,084 |
Deferred tax assets valuation allowance |  |  | (2,534 | ) |  |  | (2,895 | )
Deferred tax assets |  |  | 123,118 |  |  |  | 108,403 |
Depreciation |  |  | (79,480 | ) |  |  | (86,235 | )
Intangible assets |  |  | (107,188 | ) |  |  | (99,268 | )
Other |  |  | (3,780 | ) |  |  | (3,250 | )
Deferred tax liabilities |  |  | (190,448 | ) |  |  | (188,753 | )
Net deferred tax liability |  | $ | (67,330 | ) |  | $ | (80,350 | )
Reconciliation of Total Amounts of Unrecognized Tax Benefits | The following is a reconciliation of the total amounts of unrecognized tax benefits for fiscal years 2014, 2013 and 2012:
|  | Fiscal 2014 |  |  | Fiscal 2013 |  |  | Fiscal 2012 |
|  | (Amounts in thousands) |
Unrecognized tax benefit at beginning of fiscal year |  | $ | 4,809 |  |  | $ | 7,304 |  |  | $ | 8,709 |
Gross increases — tax positions in a current period |  |  | — |  |  |  | — |  |  |  | 331 |
Gross increases — acquisitions |  |  | — |  |  |  | 500 |  |  |  | — |
Lapses of statutes of limitations |  |  | (2,702 | ) |  |  | (2,995 | ) |  |  | (1,736 | )
Unrecognized tax benefit at end of fiscal year |  | $ | 2,107 |  |  | $ | 4,809 |  |  | $ | 7,304 |

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration