XML 68 R50.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 25, 2022
Income Tax Disclosure [Abstract] |
Schedule of domestic and foreign components of income before income taxes | The following table presents the domestic and foreign components of income before income taxes for 2022, 2021 and 2020 (in thousands):
|  | 2022 |  | 2021 |  | 2020
Domestic income |  | $ | 65,434 |  |  | $ | 115,221 |  |  | $ | 48,616 |
Foreign income |  | 18,335 |  |  | 35,727 |  |  | 26,746 |
Total income |  | $ | 83,769 |  |  | $ | 150,948 |  |  | $ | 75,362 |
Schedule of the provision for income taxes | A summary of the expense (benefit) for income tax follows (in thousands):
|  | 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |  |
Federal |  | $ | 3,496 |  |  | $ | 10,591 |  |  | $ | 16,400 |
Foreign |  | 5,335 |  |  | 8,812 |  |  | 6,047 |
State and local |  | 2,791 |  |  | 2,837 |  |  | 1,569 |
Deferred: |  |  |  |  |  |
Federal |  | 4,243 |  |  | 2,430 |  |  | (7,375) |
Foreign |  | (1,152) |  |  | 769 |  |  | 357 |
State and local |  | (293) |  |  | 554 |  |  | (2,250) |
Total income tax expense |  | $ | 14,420 |  |  | $ | 25,993 |  |  | $ | 14,748 |
Schedule of reconciliation of income tax computed at the U.S. federal statutory rate to income tax expense | The reconciliation of income tax computed at the U.S. federal statutory rate to income tax expense for the years ended December 25, 2022, December 26, 2021 and December 27, 2020 is as follows in both dollars and as a percentage of income before income taxes (dollars in thousands):
|  | 2022 |  | 2021 |  | 2020
|  | Income Tax Expense (Benefit) |  | Income Tax Rate |  | Income Tax Expense (Benefit) |  | Income Tax Rate |  | Income Tax Expense (Benefit) |  | Income Tax Rate
Tax at U.S. federal statutory rate |  | $ | 17,591 |  |  | 21.0 | % |  | $ | 31,699 |  |  | 21.0 | % |  | $ | 15,826 |  |  | 21.0 | %
State and local income taxes |  | 1,422 |  |  | 1.7 | % |  | 2,317 |  |  | 1.5 | % |  | 1,149 |  |  | 1.5 | %
Foreign income taxes |  | 4,672 |  |  | 5.6 | % |  | 9,144 |  |  | 6.1 | % |  | 6,463 |  |  | 8.6 | %
Income of consolidated partnerships attributable to noncontrolling interests |  | (355) |  |  | (0.4) | % |  | (1,110) |  |  | (0.7) | % |  | (603) |  |  | (0.8) | %
Non-qualified deferred compensation plan expense (income) |  | 1,278 |  |  | 1.5 | % |  | (911) |  |  | (0.6) | % |  | (898) |  |  | (1.2) | %
Excess tax (benefits) on equity awards |  | (3,902) |  |  | (4.7) | % |  | (3,697) |  |  | (2.5) | % |  | (2,029) |  |  | (2.7) | %
Tax credits |  | (8,981) |  |  | (10.7) | % |  | (8,830) |  |  | (5.9) | % |  | (6,002) |  |  | (8.0) | %
Non-deductible executive compensation |  | 2,450 |  |  | 2.9 | % |  | 2,636 |  |  | 1.7 | % |  | 1,314 |  |  | 1.7 | %
Foreign-derived intangible income |  | (1,452) |  |  | (1.7) | % |  | (1,519) |  |  | (1.0) | % |  | (924) |  |  | (1.2) | %
US deferred offset on foreign deferreds |  | 1,183 |  |  | 1.4 | % |  | 238 |  |  | 0.2 | % |  | — |  |  | — | %
Other |  | 514 |  |  | 0.6 | % |  | (3,974) |  |  | (2.6) | % |  | 452 |  |  | 0.6 | %
Total |  | $ | 14,420 |  |  | 17.2 | % |  | $ | 25,993 |  |  | 17.2 | % |  | $ | 14,748 |  |  | 19.5 | %
Schedule of significant deferred tax assets (liabilities) | Significant deferred tax assets (liabilities) follow (in thousands):
|  | December 25, 2022 |  | December 26, 2021
Accrued liabilities |  | $ | 17,424 |  |  | $ | 14,802 |
Accrued bonuses |  | 351 |  |  | 6,404 |
Other liabilities and asset reserves |  | 14,607 |  |  | 14,583 |
Equity awards |  | 7,905 |  |  | 7,323 |
Lease liabilities |  | 45,646 |  |  | 41,999 |
Other |  | 2,904 |  |  | 2,712 |
Net operating losses |  | 11,738 |  |  | 8,127 |
Foreign tax credit carryforwards |  | 20,198 |  |  | 18,611 |
Total deferred tax assets |  | 120,773 |  |  | 114,561 |
Valuation allowances |  | (32,052) |  |  | (28,598) |
Total deferred tax assets, net of valuation allowances |  | 88,721 |  |  | 85,963 |
Deferred expenses |  | (5,756) |  |  | (7,087) |
Accelerated depreciation |  | (31,098) |  |  | (23,858) |
Goodwill |  | (7,690) |  |  | (10,052) |
Right-of-use assets |  | (41,892) |  |  | (39,814) |
Other |  | (365) |  |  | (254) |
Total deferred tax liabilities |  | (86,801) |  |  | (81,065) |
Net deferred tax assets |  | $ | 1,920 |  |  | $ | 4,898 |
Schedule of changes in valuation allowance on deferred tax | The following table summarizes changes in the Company’s valuation allowances on deferred tax (in thousands):
Balance at December 27, 2020 | $ | 22,972
Charged to costs and expenses | 5,658
Other | (32)
Balance at December 26, 2021 | $ | 28,598
Charged to costs and expenses | 3,454
Balance at December 25, 2022 | $ | 32,052
Schedule of reconciliation of the liability for unrecognized tax benefits | A reconciliation of the beginning and ending liability for unrecognized tax benefits excluding interest and penalties is as follows, which is recorded in Other long-term liabilities in the Consolidated Balance Sheets (in thousands):
Balance at December 27, 2020 | $ | 1,030 |
Additions for tax positions of prior years | 81 |
Reductions for tax positions of prior years | (215) |
Balance at December 26, 2021 | $ | 896 |
Additions for tax positions of prior years | 331 |
Reductions for tax positions of prior years | (65) |
Balance at December 25, 2022 | $ | 1,162 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration