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Note 9 - Income Taxes
 12 Months Ended
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