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Income Taxes (Tables)

12 Months Ended

Dec. 27, 2015

Income Tax Disclosure [Abstract]

Schedule of income before income tax, domestic and foreign

The following table presents the domestic and foreign components of Income before provision for income taxes:

	FISCAL YEAR
(dollars in thousands)	2015				2014				2013
Domestic	$	146,331			$	124,157			$	112,674
Foreign	24,523				(4,187		)		59,686
	$	170,854			$	119,970			$	172,360

Schedule of components of income tax (benefit) expense

Provision (benefit) for income taxes consisted of the following:

	FISCAL YEAR
(dollars in thousands)	2015				2014				2013
Current provision:
Federal	$	17,952			$	13,364			$	21,518
State	5,962				7,687				10,196
Foreign	11,384				16,616				9,681
	35,298				37,667				41,395
Deferred provision (benefit):
Federal	2,514				(8,842		)		(83,437		)
State	626				688				(347		)
Foreign	856				(5,469		)		181
	3,996				(13,623		)		(83,603		)
Provision (benefit) for income taxes	$	39,294			$	24,044			$	(42,208	)

Schedule of effective income tax rate reconciliation

The reconciliation of income taxes calculated at the United States federal tax statutory rate to the Company’s effective income tax rate is as follows:

	FISCAL YEAR
	2015			2014			2013
Income taxes at federal statutory rate	35.0	%		35.0	%		35.0	%
State and local income taxes, net of federal benefit	2.3			3.2			3.6
Valuation allowance on deferred income tax assets	1.7			1.5			(30.6	)
Employment-related credits, net	(15.8	)		(24.2	)		(22.3	)
Net life insurance expense	(0.3	)		(0.8	)		(1.6	)
Noncontrolling interests	(0.8	)		(1.2	)		(2.8	)
Tax settlements and related adjustments	(0.1	)		1.7			0.7
Gain on remeasurement of equity method investment	—			—			(6.8	)
Foreign rate differential	0.6			2.7			(1.4	)
Other, net	0.4			2.1			1.7
Total	23.0	%		20.0	%		(24.5	)%

Schedule of deferred tax assets and liabilities

The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and liabilities are as follows:

(dollars in thousands)	DECEMBER 27, 2015				DECEMBER 28, 2014
Deferred income tax assets:
Deferred rent	$	53,426			$	46,226
Insurance reserves	22,716				22,082
Unearned revenue	18,029				16,248
Deferred compensation	65,100				70,849
Net operating loss carryforwards	8,176				9,193
Federal tax credit carryforwards	148,447				160,266
Partner deposits and accrued partner obligations	13,248				18,026
Other, net	12,658				11,585
Gross deferred income tax assets	341,800				354,475
Less: valuation allowance	(4,088		)		(5,658		)
Net deferred income tax assets	337,712				348,817
Deferred income tax liabilities:
Less: property, fixtures and equipment basis differences	(198,449		)		(198,532		)
Less: intangible asset basis differences	(150,997		)		(155,741		)
Less: deferred gain on extinguishment of debt	(34,181		)		(45,782		)
Net deferred income tax liabilities	$	(45,915	)		$	(51,238	)

Summary of operating loss carryforwards

The amount and expiration dates of tax loss carryforwards and credit carryforwards as of December 27, 2015 are as follows:

(dollars in thousands)	EXPIRATION DATE				AMOUNT
United States state loss carryforwards	2019	-	2034		$	10,605
United States federal tax credit carryforwards	2032	-	2035		$	156,708
Foreign loss carryforwards	2017	-	Indefinite		$	34,035

Schedule of unrecognized tax benefits roll forward

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	FISCAL YEAR
(dollars in thousands)	2015				2014				2013
Balance as of beginning of year	$	17,563			$	17,068			$	13,591
Additions for tax positions taken during a prior period	3,022				2,177				73
Reductions for tax positions taken during a prior period	(848		)		(422		)		(26		)
Additions for tax positions taken during the current period	2,305				2,649				1,960
Additions for tax positions on acquisition	—				—				2,799
Settlements with taxing authorities	(1,078		)		(3,935		)		(488		)
Lapses in the applicable statutes of limitations	(540		)		(120		)		(841		)
Translation adjustments	(994		)		146				—
Balance as of end of year	$	19,430			$	17,563			$	17,068

Summary of open audit years by jurisdiction

Following is a summary of the open audit years by jurisdiction:

	OPEN AUDIT YEARS
United States federal	2007	-	2014
United States states	2001	-	2014
Foreign	2008	-	2014

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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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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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