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Note I - Income Taxes (Tables)

12 Months Ended

Sep. 28, 2019

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Fiscal year ended
		September 28,				September 29,				September 30,
		2019				2018				2017
			(in thousands)
Current
U.S. Federal		$	14,078			$	16,591			$	27,142
Foreign			2,111				2,512				2,770
State			5,971				5,836				5,227
Total current expense			22,160				24,939				35,139
Deferred
U.S. Federal		$	6,285			$	(14,613	)		$	6,857
Foreign			849				514				(422	)
State			2,464				3,716				1,452
Total deferred benefit			9,598				(10,383	)			7,887
Total expense		$	31,758			$	14,556			$	43,026

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Fiscal year ended
		September 28,				September 29,				September 30,
		2019				2018				2017
		(in thousands)
Income taxes at federal statutory rates		$	26,581			$	28,947			$	42,770
Increase (decrease)in taxes resulting from:
State income taxes, net of federal income tax benefit			6,664				7,212				4,341
Domestic production activities deduction			-				(1,470	)			(1,820	)
Impact of rate change due to Tax Cuts and Jobs Act			-				(20,670	)			-
Impact of rate differential-current and deferred			-				(1,236	)			-
One-time repatriation tax			(885	)			1,200				-
Increase in gross unrecognized tax benefits			20				20				20
Share based compensation			(777	)			(696	)			(1,923	)
Non deductible employee compensation			490				514				-
Other, net			(335	)			735				(362	)
Income tax expense		$	31,758			$	14,556			$	43,026

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		September 28,				September 29,
		2019				2018
		(in thousands)
Deferred tax assets
Vacation accrual		$	1,281			$	1,254
Capital loss carry forwards			1,038				960
Insurance accrual			2,454				2,480
Deferred income			485				638
Allowances			1,554				1,585
Inventory capitalization			994				1,051
Share-based compensation			1,607				1,368
Net Operating Loss			776				856
Total deferred tax assets			10,189				10,192
Valuation allowance			(1,038	)			(960	)
Total deferred tax assets, net			9,151				9,232
Deferred tax liabilities
Amortization of goodwill and other intangible assets			27,267				25,565
Depreciation of property and equipment			43,804				35,989
Total deferred tax liabilities			71,071				61,554
Total deferred tax liabilities, net		$	61,920			$	52,322

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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- 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

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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
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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.

+ References

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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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