INCOME TAXES

Our tax rates for the quarter and year-to-date ended April 14, 2019 were impacted by the Tax Cuts and Jobs Act (the “Tax Act”), which was enacted into law on December 22, 2017. As a fiscal year taxpayer, the corporate federal tax rate reduction from 35% to 21% was phased in, resulting in a statutory federal tax rate of 24.5% for our fiscal year ending September 30, 2018, and 21.0% for our fiscal year ending September 29, 2019 and subsequent fiscal years.

In 2019 and 2018, income tax provisions reflect quarter tax rates of 25.0% and 31.4%, respectively, and year-to-date tax rates of 24.0% and 60.7%, respectively. The major components of the year-over-year change in tax rates were a non-cash impact of the enactment of the Tax Act in fiscal year 2018, a decrease in the statutory tax rate, and an adjustment related to state taxes recorded in the first quarter of fiscal year 2019, partially offset by a decrease in the excess tax benefit on stock compensation. The final annual tax rate cannot be determined until the end of the fiscal year; therefore, the actual 2019 rate could differ from our current estimates.

The following is a summary of the components of each tax rate (dollars in thousands):



	Quarter										Year-to-date
	April 14, 2019					April 15, 2018					April 14, 2019					April 15, 2018
Income tax expense at statutory rate	$	8,633		25.8	%	$	10,717		29.4	%	$	19,068		25.8	%	$	28,037		29.1	%
Stock compensation excess tax expense (benefit)	3			—	%	(14		)	—	%	(47		)	(0.1	)%	(816		)	(0.9	)%
Non-cash impact of the Tax Act	—			—	%	577			1.6	%	—			—	%	31,204			32.4	%
Adjustment to state tax provision	—			—	%	—			—	%	(1,027		)	(1.4	)%	—			—	%
Other	(262		)	(0.8	)%	146			0.4	%	(247		)	(0.3	)%	139			0.1	%
(1)	$	8,374		25.0	%	$	11,426		31.4	%	$	17,747		24.0	%	$	58,564		60.7	%

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(1)	Percentages may not add due to rounding.