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Note 9 - Income Taxes | 12 Months Ended
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Sep. 24, 2011
Income Tax Disclosure [Text Block] | NOTE I – INCOME TAXES Income tax expense (benefit) is as follows:
|  | Fiscal year ended |
|  | September 24, |  |  | September 25, |  |  | September 26, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (in thousands) |
Current |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 17,065 |  |  | $ | 21,020 |  |  | $ | 18,574 |
Foreign |  |  | 950 |  |  |  | 970 |  |  |  | 706 |
State |  |  | 4,871 |  |  |  | 4,484 |  |  |  | 3,744 |
|  |  | 22,886 |  |  |  | 26,474 |  |  |  | 23,024 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 3,988 |  |  | $ | 2,692 |  |  | $ | 3,106 |
Foreign |  |  | 409 |  |  |  | (48 | ) |  |  | 109 |
State |  |  | 1,720 |  |  |  | 570 |  |  |  | 658 |
|  |  | 6,117 |  |  |  | 3,214 |  |  |  | 3,873 |
|  | $ | 29,003 |  |  | $ | 29,688 |  |  | $ | 26,897 |
The provisions for income taxes differ from the amounts computed by applying the statutory federal income tax rate of approximately 35% to earnings before income taxes for the following reasons:
|  | Fiscal year ended |
|  | September 24, |  |  | September 25, |  |  | September 26, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (in thousands) |
Income taxes at statutory rates |  | $ | 29,423 |  |  | $ | 27,334 |  |  | $ | 23,873 |
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |
State income taxes, net of federal income tax benefit |  |  | 3,279 |  |  |  | 3,403 |  |  |  | 2,958 |
Domestic production activities deduction |  |  | (1,500 | ) |  |  | (850 | ) |  |  | (400 | )
Gain on bargain purchase |  |  | (2,303 | ) |  |  | - |  |  |  | - |
Other, net |  |  | 104 |  |  |  | (199 | ) |  |  | 466 |
|  | $ | 29,003 |  |  | $ | 29,688 |  |  | $ | 26,897 |
Deferred tax assets and liabilities consist of the following:
|  | September 24, |  |  | September 25, |
|  | 2011 |  |  | 2010 |
|  | (in thousands) |
Deferred tax assets |  |  |  |  |  |
Vacation accrual |  | $ | 1,390 |  |  | $ | 1,334 |
Insurance accrual |  |  | 2,591 |  |  |  | 3,098 |
Deferred income |  |  | 34 |  |  |  | 60 |
Allowances |  |  | 2,074 |  |  |  | 1,881 |
Inventory capitalization |  |  | 653 |  |  |  | 573 |
Share-based compensation |  |  | 1,301 |  |  |  | 1,209 |
Unclaimed Property |  |  | 632 |  |  |  | - |
Other, net |  |  | 19 |  |  |  | 56 |
|  |  | 8,694 |  |  |  | 8,211 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Amortization of goodwill and other intangible assets |  |  | 17,418 |  |  |  | 14,885 |
Depreciation of property and equipment |  |  | 28,090 |  |  |  | 19,907 |
Other, net |  |  | 28 |  |  |  | 7 |
|  |  | 45,536 |  |  |  | 34,799 |
|  | $ | 36,842 |  |  | $ | 26,588 |

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 6: 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 Reference 7: 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 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
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