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Income Taxes

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
	JUNE 30, 2019			JULY 1, 2018			JUNE 30, 2019			JULY 1, 2018
Effective income tax rate	3.9	%		(23.7	)%		6.6	%		(3.6	)%

The effective income tax rate for the thirteen and twenty-six weeks ended June 30, 2019 increased by 27.6 and 10.2 percentage points, respectively, as compared to the thirteen and twenty-six weeks ended July 1, 2018. These increases were primarily due to favorable discrete items recorded in the thirteen and twenty-six weeks ended July 1, 2018, which included excess tax benefits from equity-based compensation arrangements.

The Company has a blended federal and state statutory rate of approximately 26%. The effective income tax rates for the thirteen and twenty-six weeks ended June 30, 2019 were lower than the statutory rate primarily due to the benefit of tax credits for FICA taxes on certain employees’ tips.

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- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

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