XML 55 R33.htm IDEA: XBRL DOCUMENT v3.25.1

Income Taxes (Tables)

12 Months Ended

Mar. 29, 2025

Income Taxes [Abstract]

Components of (Benefit from) Provision for Income Taxes

(Benefit from) Provision for Income Taxes
(thousands)			2025			2024			2023
Current:
Federal		$	(731)		$	4,910		$	11,174
State			(139)			368			2,703
Total current			(870)			5,278			13,877
Deferred:
Federal			(9)			5,649			1,855
State			148			3,382			2,387
Total deferred			139			9,031			4,242
Total (benefit from) provision for income taxes		$	(731)		$	14,309		$	18,119

Reconciliation Between Federal Statutory Tax Rate and Effective Tax Rate Reflected in Accompanying Financial Statements

Income Tax Rate Reconciliation		2025			2024			2023
Expected U.S. federal income taxes at statutory rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal tax benefit		8.0			5.3			4.9
Tax adjustments (a)		(7.0)			0.3			6.1
Valuation allowance		(7.5)			0.3			—
Share-based compensation		(8.1)			1.0			0.6
Tax credits		9.4			(1.1)			(0.6)
Nondeductible items		(4.0)			0.9			0.5
Other		0.6			(0.1)			(0.8)
Effective tax rate		12.4	%		27.6	%		31.7	%

(a)The 2023 adjustments reflect expense primarily due to the sale of our wholesale tire locations and tire distribution assets as well as the revaluation of deferred tax balances due to changes in the mix of pre-tax income in various U.S. state jurisdictions because of the sale.

Deferred Tax (Liabilities) Assets

Net Deferred Tax Asset/(Liability)
(thousands)			March 29, 2025			March 30, 2024
Deferred tax assets:
Lease liabilities		$	143,627		$	155,158
Insurance accrual			10,590			11,304
Other			19,763			15,060
Total gross deferred tax assets			173,980			181,522
Valuation allowance			(595)			(162)
Total deferred tax assets			173,385			181,360
Deferred tax liabilities:
Leased assets			(109,156)			(120,479)
Goodwill			(89,572)			(79,895)
Property and equipment			(9,259)			(16,099)
Other			(2,509)			(1,849)
Total deferred tax liabilities			(210,496)			(218,322)
Total net deferred tax liability		$	(37,111)		$	(36,962)

Income Taxes Associated with Unrecognized Tax Benefits

Changes in Liability for Unrecognized Tax Benefits
(thousands)			2025			2024			2023
Balance at beginning of period		$	2,385		$	3,709		$	5,006
Additions based on tax positions related to the current year			—			—			97
Additions for tax positions of prior years			404			67			—
Reductions for tax positions of prior years			—			—			(224)
Settlements for tax positions of prior years			(675)			—			—
Lapse in statutes of limitation			(715)			(1,391)			(1,170)
Balance at end of period		$	1,399		$	2,385		$	3,709

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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-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/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-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