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INCOME TAXES | 12 Months Ended
--- | ---
Dec. 27, 2013
INCOME TAXES |
INCOME TAXES | 12. INCOME TAXES The provision (benefit) for income taxes is comprised of:
|  | Fiscal Year |
--- | --- | --- | ---
|  | 2013 |  | 2012 |  | 2011 |
Current federal taxes (benefit) |  | $ | 88,000 |  | $ | 88,000 |  | $ | (22,000 | )
Current state taxes |  |  | 44,000 |  |  | 77,000 |  |  | 58,000 |
Deferred federal taxes (benefit) |  |  | — |  |  | (1,830,000 | ) |  | 1,064,000 |
Deferred state taxes (benefit) |  |  | — |  |  | (418,000 | ) |  | 400,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | 132,000 |  | $ | (2,083,000 | ) | $ | 1,500,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The provision (benefit) for income taxes reconciles to the amounts computed by applying the statutory federal tax rate of 34% to our income (loss) before income taxes. The sources and tax effects of the differences for fiscal years 2013, 2012 and 2011 are as follows:
|  | 2013 |  | 2012 |  | 2011 |
--- | --- | --- | --- | --- | --- | --- | ---
Computed "expected" federal income tax expense (benefit) |  | $ | 940,000 |  | $ | (6,590,000 | ) | $ | 1,132,000 |
Permanent differences |  |  | 93,000 |  |  | 93,000 |  |  | 88,000 |
Current and deferred state income tax (benefit) expense, net of federal benefit |  |  | (19,000 | ) |  | (1,081,000 | ) |  | 302,000 |
Change in valuation allowances on deferred tax assets |  |  | (897,000 | ) |  | 5,473,000 |  |  | — |
Other |  |  | 15,000 |  |  | 22,000 |  |  | (22,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | 132,000 |  | $ | (2,083,000 | ) | $ | 1,500,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets and liabilities are as follows:
|  | December 27, 2013 |  | December 28, 2012 |  | December 30, 2011 |
--- | --- | --- | --- | --- | --- | --- | ---
Current deferred tax assets: |  |  |  |  |  |  |  |  |  |
Accounts receivable allowance |  | $ | 156,000 |  | $ | 119,000 |  | $ | 171,000 |
Other accrued liabilities |  |  | 764,000 |  |  | 866,000 |  |  | 895,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 920,000 |  |  | 985,000 |  |  | 1,066,000 |
Valuation allowance |  |  | (483,000 | ) |  | (570,000 | ) |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets |  |  | 437,000 |  |  | 415,000 |  |  | 1,066,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current deferred tax liabilities: |  |  |  |  |  |  |  |  |  |
Deferred revenue |  |  | (4,125,000 | ) |  | (3,867,000 | ) |  | (8,353,000 | )
Other |  |  | — |  |  | — |  |  | (62,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | (4,125,000 | ) |  | (3,867,000 | ) |  | (8,415,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net current deferred tax liability |  | $ | (3,688,000 | ) | $ | (3,452,000 | ) | $ | (7,349,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax assets, net of current portion: |  |  |  |  |  |  |  |  |  |
Federal and state net operating losses |  | $ | 3,157,000 |  | $ | 3,370,000 |  | $ | 5,680,000 |
Intangible assets |  |  | 4,571,000 |  |  | 4,962,000 |  |  | — |
Other |  |  | 64,000 |  |  | 143,000 |  |  | 72,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 7,792,000 |  |  | 8,475,000 |  |  | 5,752,000 |
Valuation allowance |  |  | (4,093,000 | ) |  | (4,903,000 | ) |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets |  |  | 3,699,000 |  |  | 3,572,000 |  |  | 5,752,000 |
Deferred tax liabilities, net of current portion: |  |  |  |  |  |  |  |  |  |
Goodwill amortization |  |  | — |  |  | — |  |  | (460,000 | )
Fixed assets |  |  | (11,000 | ) |  | (67,000 | ) |  | (83,000 | )
Other |  |  | 0 |  |  | (53,000 | ) |  | (109,000 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net non-current deferred tax assets |  | $ | 3,688,000 |  | $ | 3,452,000 |  | $ | 5,100,000 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 27, 2013, the Company had federal and state operating loss carryovers of $6.8 million and $9.8 million, respectively. These carryovers expire through 2031 for federal and state income taxes. The Company files income tax returns in the U.S. federal and various state jurisdictions. Management believes that there are no material uncertain tax positions that would impact the accompanying consolidated financial statements. The Company's policy is to recognize interest and penalties related to unrecognized tax benefits in income tax expense. The Company may be subject to examination by the Internal Revenue Service for calendar years 2010 through 2013. The Company may also be subject to examination on certain state and local jurisdictions for the years 2009 through 2013.

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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 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 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=6907707&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=6907707&loc=d3e32537-109319 Reference 6: 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=6907707&loc=d3e32559-109319 + Details
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