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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Components Of Income Taxes

Income taxes consist of the following in each fiscal year (in thousands):

		2018				2017				2016
Current:
Federal		$	51,454			$	79,038			$	23,768
State		4,922				12,368				3,679
		56,376				91,406				27,447
Deferred:
Federal		23,462				(13,176		)		28,455
State		1,890				(2,898		)		4,838
		25,352				(16,074		)		33,293
Income tax expense from continuing operations		$	81,728			$	75,332			$	60,740
Income tax expense (benefit) from discontinued operations		$	15,700			$	(4,119	)		$	10,453

Reconciliation Of The Federal Statutory Income Tax Rate To Effective Tax Rate

A reconciliation of the federal statutory income tax rate to our effective tax rate for continuing operations is as follows:

		2018			2017			2016
Computed at federal statutory rate		24.5	%		35.0	%		35.0	%
Non-cash impact of the Tax Act		17.5	%		—	%		—	%
State income taxes, net of federal tax benefit		4.7	%		3.8	%		3.7	%
Stock compensation excess tax benefit		(1.1	)%		—	%		—	%
Benefit of jobs tax credits, net of valuation allowance		(0.4	)%		(0.4	)%		(1.0	)%
Benefit related to COLIs		(0.4	)%		(1.1	)%		(1.5	)%
Other, net		(0.9	)%		(0.4	)%		0.1	%
		43.9	%		36.9	%		36.3	%

Deferred Tax Assets And Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities at each fiscal year-end are presented below (in thousands):

		2018				2017
Deferred tax assets:
Accrued defined benefit pension and postretirement benefits		$	34,776			$	67,334
Impairment		11,388				18,697
Accrued insurance		8,994				14,701
Tax loss and tax credit carryforwards		7,458				11,841
Share-based compensation		4,936				9,715
Lease commitments related to closed or refranchised locations		4,696				9,382
Accrued incentive compensation		2,055				628
Accrued vacation pay expense		2,034				1,560
Deferred income		1,535				2,289
Other reserves and allowances		851				1,386
Interest rate swaps		181				8,855
Other, net		2,206				2,960
Total gross deferred tax assets		81,110				149,348
Valuation allowance		(3,554		)		(8,507		)
Total net deferred tax assets		77,556				140,841
Deferred tax liabilities:
Intangible assets		(10,492		)		(15,995		)
Leasing transactions		(2,790		)		(758		)
Property and equipment, principally due to differences in depreciation		(1,855		)		(18,406		)
Other		(279		)		(564		)
Total gross deferred tax liabilities		(15,416		)		(35,723		)
Net deferred tax assets		$	62,140			$	105,118

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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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-Name Accounting Standards Codification
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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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