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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2018

Income Taxes [Abstract]

Components of the provision for income taxes



		Year Ended Fiscal March
		2018			2017			2016
		(Dollars in thousands)
Current -
Federal		$	20,854		$	22,040		$	29,202
State			3,180			2,422			2,825
			24,034			24,462			32,027
Deferred -
Federal			15,153			10,120			6,216
State			332			1,136			373
			15,485	(a)		11,256			6,589
Total		$	39,519		$	35,718		$	38,616

_________________

(a) For fiscal 2018, includes $4.7 million related to the Tax Act.

Deferred tax (liabilities) assets



		March 31,			March 25,
		2018			2017
		(Dollars in thousands)
Goodwill		$	(32,290)		$	(39,715)
Other			(645)			(968)
Total deferred tax liabilities			(32,935)			(40,683)
Property and equipment			25,056			36,980
Insurance reserves			6,769			11,075
Warranty and other reserves			2,978			4,810
Other			9,607			11,863
Total deferred tax assets			44,410			64,728
Net deferred tax assets		$	11,475		$	24,045



Reconciliation between Federal statutory tax rate and effective tax rate reflected in accompanying financial statements



		Year Ended Fiscal March
		2018					2017					2016
		Amount			Percent		Amount			Percent		Amount			Percent
		(Dollars in thousands)
Federal income tax based on   statutory tax rate applied   to income before taxes (a)		$	32,692		31.6		$	34,035		35.0		$	36,897		35.0
State income tax, net of   federal income tax benefit			2,218		2.1			2,700		2.8			2,306		2.2
Tax Act (b)			4,707		4.5			—		—			—		—
Other			(98)		—			(1,017)		(1.1)			(587)		(0.6)
		$	39,519		38.2		$	35,718		36.7		$	38,616		36.6

_________________

(a) For fiscal 2018, represents the blended rate of 35% for 9/12 of the year and 21% for 3/12 of the year.

(b) Represents the net discrete adjustment to income tax expense from the remeasurement of our net deferred tax assets at the lower U.S. corporate income tax rate.

Income taxes associated with unrecognized tax benefits



		Dollars in thousands
Balance at March 28, 2015		$	7,495
Tax positions related to current year:
Additions			1,116
Reductions			—
Tax positions related to prior years:
Additions			—
Reductions			(922)
Settlements			—
Lapses in statutes of limitations			(760)
Balance at March 26, 2016			6,929
Tax positions related to current year:
Additions			981
Reductions			—
Tax positions related to prior years:
Additions			66
Reductions			(352)
Settlements			—
Lapses in statutes of limitations			(732)
Balance at March 25, 2017			6,892
Tax positions related to current year:
Additions			447
Reductions			—
Tax positions related to prior years:
Additions			—
Reductions			(342)
Settlements			—
Lapses in statutes of limitations			(788)
Balance at March 31, 2018		$	6,209



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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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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 the change in unrecognized tax benefits.

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