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Income Taxes (Tables) | 12 Months Ended
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Dec. 29, 2024
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 2024, 2023 and 2022 (in thousands):
|  | 2024 |  | 2023 |  | 2022
Domestic income |  | $ | 126,681 |  |  | $ | 91,218 |  |  | $ | 65,434 |
Foreign income |  | (12,555) |  |  | 12,455 |  |  | 18,335 |
Total income |  | $ | 114,126 |  |  | $ | 103,673 |  |  | $ | 83,769 |
Schedule of the provision for income taxes | A summary of the expense (benefit) for income tax follows (in thousands):
|  | 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |  |
Federal |  | $ | 22,443 |  |  | $ | 20,742 |  |  | $ | 3,496 |
Foreign |  | 6,844 |  |  | 3,916 |  |  | 5,335 |
State and local |  | 3,679 |  |  | 2,207 |  |  | 2,791 |
Deferred: |  |  |  |  |  |
Federal |  | (3,848) |  |  | (4,115) |  |  | 4,243 |
Foreign |  | 2,181 |  |  | (558) |  |  | (1,152) |
State and local |  | (1,370) |  |  | (1,318) |  |  | (293) |
Total income tax expense |  | $ | 29,929 |  |  | $ | 20,874 |  |  | $ | 14,420 |
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 29, 2024, December 31, 2023 and December 25, 2022 is as follows in both dollars and as a percentage of income before income taxes (dollars in thousands):
|  | 2024 |  | 2023 |  | 2022
|  | 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 |  | $ | 23,965 |  |  | 21.0 | % |  | $ | 21,771 |  |  | 21.0 | % |  | $ | 17,591 |  |  | 21.0 | %
State and local income taxes |  | 2,176 |  |  | 1.9 | % |  | 1,866 |  |  | 1.8 | % |  | 1,422 |  |  | 1.7 | %
Foreign income taxes |  | 7,242 |  |  | 6.4 | % |  | 3,755 |  |  | 3.6 | % |  | 4,605 |  |  | 5.5 | %
Income of consolidated partnerships attributable to noncontrolling interests |  | (161) |  |  | (0.1) | % |  | (159) |  |  | (0.2) | % |  | (355) |  |  | (0.4) | %
Non-qualified deferred compensation plan expense (income) |  | (750) |  |  | (0.7) | % |  | (752) |  |  | (0.7) | % |  | 1,278 |  |  | 1.5 | %
Excess tax (benefits) on equity awards |  | 1,027 |  |  | 0.9 | % |  | (539) |  |  | (0.5) | % |  | (3,902) |  |  | (4.7) | %
Tax credits |  | (4,413) |  |  | (3.9) | % |  | (7,003) |  |  | (6.8) | % |  | (8,981) |  |  | (10.7) | %
Non-deductible executive compensation |  | (216) |  |  | (0.2) | % |  | 1,341 |  |  | 1.3 | % |  | 2,450 |  |  | 2.9 | %
Foreign-derived intangible income |  | (842) |  |  | (0.7) | % |  | (1,263) |  |  | (1.2) | % |  | (1,452) |  |  | (1.7) | %
US deferred offset on foreign deferreds |  | (1,883) |  |  | (1.7) | % |  | 270 |  |  | 0.3 | % |  | 1,183 |  |  | 1.4 | %
Foreign tax deduction |  | (1,657) |  |  | (1.5) | % |  | — |  |  | — | % |  | — |  |  | — | %
Foreign valuation allowance |  | 6,597 |  |  | 5.8 | % |  | 1,386 |  |  | 1.3 | % |  | 67 |  |  | 0.1 | %
Other |  | (1,156) |  |  | (1.0) | % |  | 201 |  |  | 0.2 | % |  | 514 |  |  | 0.6 | %
Total |  | $ | 29,929 |  |  | 26.2 | % |  | $ | 20,874 |  |  | 20.1 | % |  | $ | 14,420 |  |  | 17.2 | %
Schedule of significant deferred tax assets (liabilities) | Significant deferred tax assets (liabilities) follow (in thousands):
|  | December 29, 2024 |  | December 31, 2023
Accrued liabilities |  | $ | 12,660 |  |  | $ | 12,735 |
Accrued bonuses |  | 3,148 |  |  | 2,284 |
Other liabilities and asset reserves |  | 15,536 |  |  | 15,315 |
Equity awards |  | 7,542 |  |  | 7,988 |
Lease liabilities |  | 50,500 |  |  | 45,550 |
Other |  | 5,616 |  |  | 2,825 |
Net operating losses |  | 18,028 |  |  | 13,759 |
Foreign tax credit carryforwards |  | 23,071 |  |  | 23,888 |
Total deferred tax assets |  | 136,101 |  |  | 124,344 |
Valuation allowances |  | (44,463) |  |  | (37,609) |
Total deferred tax assets, net of valuation allowances |  | 91,638 |  |  | 86,735 |
Deferred expenses |  | (6,470) |  |  | (5,719) |
Accelerated depreciation |  | (19,144) |  |  | (23,012) |
Goodwill |  | (8,090) |  |  | (7,881) |
Right-of-use assets |  | (45,803) |  |  | (41,513) |
Other |  | (1,384) |  |  | (1,071) |
Total deferred tax liabilities |  | (80,891) |  |  | (79,196) |
Net deferred tax assets |  | $ | 10,747 |  |  | $ | 7,539 |
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 25, 2022 | $ | 32,052
Charged to costs and expenses | 5,470
Other | 87
Balance at December 31, 2023 | $ | 37,609
Charged to costs and expenses | 6,642
Other | 212
Balance at December 29, 2024 | $ | 44,463
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 25, 2022 | $ | 1,162 |
Additions for tax positions of prior years | 217 |
Reductions for tax positions of prior years | (321) |
Balance at December 31, 2023 | $ | 1,058 |
Additions for tax positions of prior years | 276 |
Reductions for tax positions of prior years | (45) |
Balance at December 29, 2024 | $ | 1,289 |

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