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Income Taxes (Tables)

12 Months Ended

Jan. 02, 2021

Income Tax Disclosure [Abstract]

Schedule of components of income before provision for income taxes

The components of income before provision for income taxes are as follows (in thousands):

			Year Ended						Year Ended						Year Ended
			January 2, 2021 (53 weeks)						December 28, 2019 (52 weeks)						December 29, 2018 (52 weeks)
Income before provision for income taxes:
U.S.			$	26,054					$	20,778					$	21,118
Foreign			7,568						6,019						7,815
Total			$	33,622					$	26,797					$	28,933

Schedule of components of provision (benefit) for income taxes

The provision (benefit) for income taxes consists of the following (in thousands):

			Year Ended						Year Ended						Year Ended
			January 2, 2021 (53 weeks)						December 28, 2019 (52 weeks)						December 29, 2018 (52 weeks)
Currently payable:
Federal			$	4,039					$	4,252					$	4,015
Foreign			1,335						1,119						1,487
State			2,627						1,838						1,788
Total current expense			8,001						7,209						7,290
Deferred:
Federal			1,170						(869)						(384)
Foreign			309						331						(88)
State			(365)						(621)						(357)
Total deferred expense (benefit)			1,114						(1,159)						(829)
Total tax expense			$	9,115					$	6,050					$	6,461

Schedule of reconciliation of tax rates with the federal statutory rate

A reconciliation of CRA's tax rates with the federal statutory rate is as follows:

			Fiscal Year						Fiscal Year						Fiscal Year
			2020						2019						2018
Federal statutory rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal income tax benefit			5.8						5.5						4.9
Tax law changes			0.2						—						0.9
Share-based compensation			(1.8)						(5.0)						(6.3)
Meals & Entertainment Expense			0.2						1.7						1.3
Executive Compensation			1.6						1.6						1.0
Uncertain tax positions			(0.1)						(2.5)						(1.1)
Other			0.2						0.3						0.6
Annual effective tax rate			27.1		%				22.6		%				22.3		%

Schedule of components of deferred tax assets (liabilities)

The components of CRA's deferred tax assets (liabilities) are as follows (in thousands):

			January 2, 2021						December 28, 2019
Deferred tax assets:
Accrued compensation and related expense			$	15,453					$	12,842
Allowance for doubtful accounts			1,535						2,023
Net operating loss carryforwards			194						335
Lease liabilities			38,146						39,747
Foreign exchange and other			79						119
Total gross deferred tax assets			55,407						55,066
Less: valuation allowance			—						—
Total deferred tax assets, net of valuation allowance			55,407						55,066
Deferred tax liabilities:
Goodwill and other intangible asset amortization			3,523						3,650
Right-of-Use assets			30,761						33,012
Property and equipment			11,595						7,690
Prepaids and other			586						548
Total deferred tax liabilities			46,465						44,900
Net deferred tax assets			$	8,942					$	10,166

Schedule of aggregate changes in the balances of gross unrecognized tax benefits

The aggregate changes in the balances of gross unrecognized tax benefits were as follows (in thousands):

			Fiscal Year						Fiscal Year
			2020						2019
Balance at beginning of period			$	242					$	867
Additions for tax positions taken during prior years			43						—
Reductions for tax positions taken during prior years			—						(25)
Additions for tax positions taken during the current year			—						—
Reductions as a result of a lapse of the applicable statutes of limitations			(82)						(600)
Settlements with tax authorities			—						—
Balance at end of the period			$	203					$	242

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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