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Income Taxes (Tables)

12 Months Ended

Sep. 25, 2021

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Tax Expense (Benefit)

The provision for income tax expense (benefit) consists of the following:

			Fiscal Year Ended
			September 25, 2021						September 26, 2020						September 28, 2019
			(in thousands)
Current:
Federal			$	49,941					$	33,775					$	17,048
State			6,193						5,063						2,728
Foreign			645						(5)						169
Total			56,779						38,833						19,945
Deferred:
Federal			(14,740)						(6,019)						4,278
State			(690)						(582)						2,380
Foreign			686						(14)						1
Total			(14,744)						(6,615)						6,659
Total			$	42,035					$	32,218					$	26,604

Schedule of Reconciliation of the Statutory Federal Income Tax Rate to the Company's Effective Income Tax Rate

A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate is as follows:

			Fiscal Year Ended
			September 25, 2021						September 26, 2020						September 28, 2019
Statutory federal income tax rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal benefit			2.2						2.3						4.3
Other permanent differences			0.1						—						0.7
Adjustment of prior year accruals			(0.1)						(0.2)						(0.6)
Credits			(0.4)						(0.6)						(0.9)
Stock based compensation			(1.4)						(1.4)						(1.6)
Other			0.2						(0.1)						(0.6)
Effective income tax rate			21.6		%				21.0		%				22.3		%

Schedule of Tax Effect of Temporary Differences and Carryforwards which Give Rise to Deferred Tax Assets and Liabilities

The tax effect of temporary differences and carryforwards which give rise to deferred tax assets and liabilities are as follows:

			September 25, 2021												September 26, 2020
			Deferred Tax Assets						Deferred Tax Liabilities						Deferred Tax Assets						Deferred Tax Liabilities
			(in thousands)
Allowance for doubtful accounts			$	6,991					$	—					$	6,618					$	—
Inventory write-downs			10,377						—						8,624						—
Prepaid expenses			—						1,928						—						1,603
Nondeductible reserves			9,532						—						9,484						—
State taxes			105						—						505						—
Employee benefits			15,831						—						12,913						—
Depreciation and amortization			—						104,829						—						85,302
Equity loss			179						—						2,047						—
State net operating loss carryforward			7,155						—						5,652						—
Stock based compensation			7,003						—						4,743						—
State credits			2,764						—						2,732						—
Other			1,034						—						1,774						—
Valuation allowance			(7,031)						—						(7,124)						—
Total			$	53,940					$	106,757					$	47,968					$	86,905

Schedule of Activity Related to Company's Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits for fiscal years ended September 25, 2021 and September 26, 2020:  

			(in thousands)
Balance as of September 28, 2019			$	483
Increases related to prior year tax positions			—
Increases related to current year tax positions			80
Decreases related to prior year tax positions			—
Settlements			—
Decreases related to lapse of statute of limitations			(236)
Balance as of September 26, 2020			$	327
Increases related to prior year tax positions			47
Increases related to current year tax positions			85
Decreases related to prior year tax positions			—
Settlements			(43)
Decreases related to lapse of statute of limitations			(74)
Balance as of September 25, 2021			$	342

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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 of the change in unrecognized tax benefits.

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