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Income Taxes | 12 Months Ended
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Dec. 31, 2016
Income Taxes [Abstract] |
Income Taxes | Note 8 Income Taxes The provision (benefit) for income taxes consists of:
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿(dollars in thousands) |  | 2016 |  | 2015 |  | 2014
﻿Current: |  |  |  |  |  |
﻿Federal | $ | 25,908 | $ | 29,888 | $ | 24,809
﻿State |  | 5,888 |  | 3,325 |  | 1,237
﻿Deferred: |  |  |  |  |  |
﻿Federal |  | 6,020 |  | (188) |  | 2,559
﻿State |  | (317) |  | (24) |  | 676
﻿ | $ | 37,499 | $ | 33,001 | $ | 29,281
﻿ The reconciliation of income taxes computed at the federal statutory rate (35% in 2016, 2015 and 2014) to the provision for income taxes is:
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿(dollars in thousands) |  | 2016 |  | 2015 |  | 2014
﻿Income taxes at federal statutory rate | $ | 43,631 | $ | 32,316 | $ | 29,282
﻿State income taxes, net of federal income tax benefit |  | 2,413 |  | 1,112 |  | 1,436
﻿Deferred tax on gain on bargain purchase |  | (8,358) |  | - |  | -
﻿Other |  | (187) |  | (427) |  | (1,437)
﻿Provision for income taxes (effective tax rate 30.1%, 35.7% and 35.0%, respectively) | $ | 37,499 | $ | 33,001 | $ | 29,281
﻿ Cash paid for federal income taxes was $27.3 million, $28.0 million and $25.0 million in 2016, 2015 and 2014 respectively. Cash paid for state income taxes was $3.7 million, $2.2 million and $1.8 million in 2016, 2015 and 2014 respectively. ﻿ The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at December 31, 2016 and December 26, 2015, are:
﻿ |  |  |  |
﻿ |  |  |  |
﻿(dollars in thousands) |  | 2016 |  | 2015
﻿Deferred tax assets: |  |  |  |
﻿Accounts receivable | $ | 586 | $ | 813
﻿Compensated absences |  | 1,076 |  | 983
﻿Employment incentives |  | 9,826 |  | 3,143
﻿Employee benefit plans |  | 9,243 |  | 10,485
﻿General liability insurance |  | 4,359 |  | 4,048
﻿Postretirement benefit obligations |  | 6,484 |  | 5,906
﻿Net operating loss carryforwards |  | 5,600 |  | 5,926
﻿Other |  | 2,224 |  | 2,173
﻿Total deferred tax assets |  | 39,398 |  | 33,477
﻿Deferred tax liabilities: |  |  |  |
﻿Inventories |  | (7,619) |  | (6,808)
﻿Unrealized gains on marketable securities |  | (3,382) |  | (3,323)
﻿Nondeductible accruals and other |  | (7,517) |  | (9,240)
﻿Depreciation |  | (140,325) |  | (111,126)
﻿Total deferred tax liabilities |  | (158,843) |  | (130,497)
﻿Net deferred tax liability | $ | (119,445) | $ | (97,020)
﻿ ﻿ Note 8 Income Taxes (continued) The following table summarizes the activity related to the Company’s unrecognized tax benefits: ﻿
﻿ |  |  |  |
﻿ |  |  |  |
﻿(dollars in thousands) |  | 2016 |  | 2015
﻿Unrecognized tax benefits at beginning of year | $ | 1,264 | $ | -
﻿Increases based on tax positions related to the current year |  | 1,563 |  | 1,264
﻿Additions for tax positions of prior year |  | 297 |  | -
﻿Reductions for tax positions of prior years |  | - |  | -
﻿Settlements |  | - |  | -
﻿Expiration of the statute of limitations for assessment of taxes |  | - |  | -
﻿Unrecognized tax benefits at end of year | $ | 3,124 | $ | 1,264
﻿ The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate was $1,860,000 in 2016 and $1,264,000 in 2015. The Company’s U.S. Federal income tax filings have been examined by the Internal Revenue Service through 2008. The Company or one of its subsidiaries files tax returns in various states. The tax years subject to examination in Pennsylvania, where the majority of the Company's revenues are generated, are 2012 to 2016. The Company has net operating loss carryforwards of $86.2 million available for state income tax purposes. The net operating losses will begin to expire starting in 2027. The Company expects to fully utilize these net operating loss carryforwards.

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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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: 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=65882285&loc=d3e32559-109319 Reference 3: 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=65882285&loc=d3e32718-109319 Reference 4: 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=65882285&loc=d3e32639-109319 Reference 5: 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=65882285&loc=d3e32537-109319 + Details
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