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Income Taxes | 12 Months Ended
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Sep. 27, 2025
Income Taxes [Abstract] |
Income Taxes | 2. Income Taxes Deferred Income Tax Liabilities and Assets – Deferred income taxes are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax laws and rates. Significant components of the Company’s deferred tax liabilities and assets were as follows:
|  | 2025 |  | 2024
Deferred tax liabilities: |  |  |  |  |  |
Property and equipment tax/book differences |  | $ | 83,050,000 |  | $ | 81,318,000
Interest rate swaps |  |  | 1,799,000 |  |  | 2,173,000
Property tax method |  |  | 1,860,000 |  |  | 1,324,000
Section 481a adjustment |  |  | 1,164,000 |  |  | —
Right of use asset |  |  | 6,641,000 |  |  | 7,350,000
Total deferred tax liabilities |  |  | 94,514,000 |  |  | 92,165,000
Deferred tax assets: |  |  |  |  |  |
Insurance reserves |  |  | 6,000,000 |  |  | 4,929,000
Advance payments on purchases contracts |  |  | 986,000 |  |  | 746,000
Vacation accrual |  |  | 2,178,000 |  |  | 1,959,000
Inventory |  |  | 688,000 |  |  | 1,566,000
Deferred compensation |  |  | 7,824,000 |  |  | 6,986,000
Lease liability |  |  | 7,010,000 |  |  | 7,868,000
Other |  |  | 4,788,000 |  |  | 4,344,000
Total deferred tax assets |  |  | 29,474,000 |  |  | 28,398,000
Net deferred tax liabilities |  | $ | 65,040,000 |  | $ | 63,767,000
Refundable current income taxes totaling $3.0 million and $16.9 million at September 27, 2025 and September 28, 2024, respectively, are included in the line item “Other current assets” on the Consolidated Balance Sheets. Income Tax Expense - Income tax expense differs from the amounts computed by applying the statutory federal rates to income before income taxes. The reasons for the differences were as follows:
|  | 2025 |  | 2024 |  | 2023
Federal tax at statutory rate |  | $ | 23,098,000 |  | $ | 29,295,000 |  | $ | 58,396,000
State income tax, net of federal tax benefits |  |  | 3,237,000 |  |  | 3,892,000 |  |  | 9,247,000
Federal tax credits |  |  | (960,000) |  |  | (1,239,000) |  |  | (1,449,000)
Other |  |  | 970,000 |  |  | 2,012,000 |  |  | 1,499,000
Total |  | $ | 26,345,000 |  | $ | 33,960,000 |  | $ | 67,693,000
Current and deferred income tax expense (benefit) was as follows:
|  | 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 20,498,000 |  | $ | 29,394,000 |  | $ | 61,562,000
State |  |  | 4,200,000 |  |  | 5,898,000 |  |  | 12,789,000
Total current expense |  |  | 24,698,000 |  |  | 35,292,000 |  |  | 74,351,000
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | 1,722,000 |  |  | (565,000) |  |  | (5,802,000)
State |  |  | (75,000) |  |  | (767,000) |  |  | (856,000)
Total deferred (benefit) expense |  |  | 1,647,000 |  |  | (1,332,000) |  |  | (6,658,000)
Total expense |  | $ | 26,345,000 |  | $ | 33,960,000 |  | $ | 67,693,000

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