XML 50 R36.htm IDEA: XBRL DOCUMENT v3.22.2.2

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision for income taxes is based entirely on income before income taxes earned in the United States, and is as follows for the last three fiscal years:

		For the Year Ended
		June 30, 2022				June 24, 2021				June 25, 2020
Current:
Federal		$	14,347			$	15,228			$	14,588
State			5,011				4,010				3,909
Total current expense			19,358				19,238				18,497
Deferred:
Deferred federal			1,519				891				137
Deferred state			(968	)			(51	)			(33	)
Total deferred expense			551				840				104
Total income tax expense		$	19,909			$	20,078			$	18,601

Reconciliations of Income Taxes at Statutory Federal Income Tax Rate

The reconciliations of income taxes at the statutory federal income tax rate to income tax expense reported in the Consolidated Statements of Comprehensive Income for the last three fiscal years are as follows:

		June 30, 2022				June 24, 2021				June 25, 2020
Federal statutory income tax rate			21.0	%			21.0	%			21.0	%
State income taxes, net of federal benefit			3.7				3.9				4.2
Section 162(m) limitation			0.6				1.1				1.2
Research and development tax credit			(0.4	)			(0.5	)			(0.3	)
Windfall tax benefits			(0.7	)			(0.4	)			(0.4	)
Uncertain tax positions			0.1				0.1				—
Other			0.1				—				(0.1	)
Effective tax rate			24.4	%			25.2	%			25.6	%

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are comprised of the following:

		June 30, 2022				June 24, 2021
Deferred tax assets (liabilities):
Accounts receivable		$	368			$	349
Employee compensation			1,499				1,338
Inventory			295				198
Depreciation and amortization			(13,732	)			(12,456	)
Capitalized leases			1,196				1,159
Goodwill and intangible assets			2,046				2,500
Retirement plan			7,673				9,242
Workers’ compensation			2,048				1,991
Share based compensation			1,472				1,397
Other			371				369
Net deferred tax asset		$	3,236			$	6,087

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:

		June 30, 2022				June 24, 2021				June 25, 2020
Beginning balance		$	326			$	203			$	240
Gross increases — tax positions in prior year			1				49				16
Gross decreases — tax positions in prior year			—				—				(24	)
Settlements			—				—				—
Gross increases — tax positions in current year			110				110				60
Lapse of statute of limitations			(47	)			(36	)			(89	)
Ending balance		$	390			$	326			$	203

Unrecognized Tax Benefits

Unrecognized tax benefits, that if recognized, would affect the annual effective tax rate on income from continuing operations, are as follows:

		June 30, 2022				June 24, 2021				June 25, 2020
Unrecognized tax benefits that would affect annual effective tax rate		$	373			$	311			$	196

X

- Definition

Unrecognized tax benefits, that if recognized, would affect the annual effective tax rate on income from continuing operations.

+ References

No definition available.

+ Details

Name:	jbss_UnrecognizedTaxBenefitsTabletextblock
Namespace Prefix:	jbss_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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 https://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 https://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 https://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 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 https://asc.fasb.org/extlink&oid=126976462&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 https://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