XML 56 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes (Tables) | 12 Months Ended
--- | ---
Mar. 29, 2014
Income Tax [Abstract] |
Components of the provision for income taxes |
|  |  | Year Ended Fiscal March
|  |  |  | 2014 |  |  | 2013 |  |  | 2012
|  |  | (Dollars in thousands)
Current - |  |  |  |  |  |  |  |
| Federal | $ | 25,978 |  | $ | 22,366 |  | $ | 26,002
| State |  | 1,579 |  |  | 2,266 |  |  | 2,910
|  |  |  | 27,557 |  |  | 24,632 |  |  | 28,912
Deferred - |  |  |  |  |  |  |  |
| Federal |  | 4,793 |  |  | (101) |  |  | 3,273
| State |  | (273) |  |  | (274) |  |  | (111)
|  |  |  | 4,520 |  |  | (375) |  |  | 3,162
|  | Total | $ | 32,077 |  | $ | 24,257 |  | $ | 32,074
Deferred tax (liabilities) assets |
|  |  | March 29, |  |  | March 30, |
|  |  | 2014 |  |  | 2013 |
|  | (Dollars in thousands)
Goodwill | $ | (18,189) |  | $ | (13,104) |
Other |  | (734) |  |  | (242) |
| Total deferred tax liabilities |  | (18,923) |  |  | (13,346) |
Insurance reserves |  | 9,774 |  |  | 8,872 |
Property and equipment |  | 5,815 |  |  | 6,637 |
Warranty and other reserves |  | 4,228 |  |  | 4,322 |
Stock options |  | 3,897 |  |  | 2,982 |
Deferred rent |  | 1,961 |  |  | 2,086 |
Accrued compensation |  | 1,650 |  |  | 1,444 |
Other |  | 5,168 |  |  | 5,477 |
| Total deferred tax assets |  | 32,493 |  |  | 31,820 |
| Net deferred tax assets | $ | 13,570 |  | $ | 18,474 |
Reconciliation between Federal statutory tax rate and effective tax rate reflected in accompanying financial statements |
|  | Year Ended Fiscal March
|  | 2014 |  | 2013 |  | 2012
|  |  | Amount |  | Percent |  |  | Amount |  | Percent |  |  | Amount |  | Percent
|  | (Dollars in thousands)
Federal income tax based on |  |  |  |  |  |  |  |  |  |  |  |  |  |
| statutory tax rate applied |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to income before taxes | $ | 30,287 |  | 35.0 |  | $ | 23,388 |  | 35.0 |  | $ | 30,340 |  | 35.0
State income tax, net of |  |  |  |  |  |  |  |  |  |  |  |  |  |
| federal income tax benefit |  | 2,097 |  | 2.4 |  |  | 1,159 |  | 1.7 |  |  | 2,231 |  | 2.6
Other |  | (307) |  | (0.3) |  |  | (290) |  | (0.4) |  |  | (497) |  | (0.6)
|  | $ | 32,077 |  | 37.1 |  | $ | 24,257 |  | 36.3 |  | $ | 32,074 |  | 37.0
Income taxes associated with unrecognized tax benefits |
Dollars in thousands | Dollars in thousands
Balance at March 26, 2011 | $ | 5,964
Tax positions related to current year: |  |
Additions |  | 1,000
Reductions |  |
Tax positions related to prior years: |  |
Additions |  | 230
Reductions |  | (904)
Settlements |  | (166)
Lapses in statutes of limitations |  | (640)
Balance at March 31, 2012 |  | 5,484
Tax positions related to current year: |  |
Additions |  | 1,198
Reductions |  |
Tax positions related to prior years: |  |
Additions |  |
Reductions |  |
Settlements |  | (266)
Lapses in statutes of limitations |  | (712)
Balance at March 30, 2013 |  | 5,704
Tax positions related to current year: |  |
Additions |  | 1,678
Reductions |  |
Tax positions related to prior years: |  |
Additions |  |
Reductions |  | (88)
Settlements |  | (381)
Lapses in statutes of limitations |  | (1,013)
Balance at March 29, 2014 | $ | 5,900

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration