XML 55 R40.htm IDEA: XBRL DOCUMENT v3.23.2

Income Taxes (Tables)

12 Months Ended

Jun. 29, 2023

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 29, 2023				June 30, 2022				June 24, 2021
Current:
Federal		$	18,393			$	14,347			$	15,228
State			5,215				5,011				4,010
Total current expense			23,608				19,358				19,238
Deferred:
Deferred federal			(1,164	)			1,519				891
Deferred state			49				(968	)			(51	)
Total deferred (benefit) expense			(1,115	)			551				840
Total income tax expense		$	22,493			$	19,909			$	20,078

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 29, 2023				June 30, 2022				June 24, 2021
Federal statutory income tax rate			21.0	%			21.0	%			21.0	%
State income taxes, net of federal benefit			4.9				3.7				3.9
Section 162(m) limitation			0.7				0.6				1.1
Research and development tax credit			(0.3	)			(0.4	)			(0.5	)
Share-based compensation shortfall expense (windfall benefit)			0.1				(0.7	)			(0.4	)
Uncertain tax positions			0.1				0.1				0.1
Other			(0.1	)			0.1				—
Effective tax rate			26.4	%			24.4	%			25.2	%

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are comprised of the following:

		June 29, 2023				June 30, 2022
Deferred tax assets (liabilities):
Accounts receivable		$	346			$	368
Employee compensation			1,866				1,499
Inventory			371				295
Depreciation			(14,303	)			(13,732	)
Capitalized leases			1,140				1,196
Goodwill and intangible assets			1,474				2,046
Retirement plan			7,004				7,673
Workers’ compensation			1,950				2,048
Share based compensation			1,642				1,472
Research related expenditures			1,549				—
Other			553				371
Net deferred tax asset		$	3,592			$	3,236

Schedule of Reconciliation of Unrecognized Tax Benefits

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

		June 29, 2023				June 30, 2022				June 24, 2021
Beginning balance		$	390			$	326			$	203
Gross increases — tax positions in prior year			32				1				49
Gross decreases — tax positions in prior year			—				—				—
Settlements			(36	)			—				—
Gross increases — tax positions in current year			127				110				110
Lapse of statute of limitations			(50	)			(47	)			(36	)
Ending balance		$	463			$	390			$	326

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 29, 2023				June 30, 2022				June 24, 2021
Unrecognized tax benefits that would affect annual effective    tax rate		$	439			$	373			$	311

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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ 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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ 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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ 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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration