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Income Taxes (Tables) | 12 Months Ended
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Sep. 28, 2025
Income Tax Disclosure [Abstract] |
Components of Income Taxes | Income taxes consist of the following in each fiscal year (in thousands):
|  | 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |  |
Federal |  | $ | 25,760 |  |  | $ | 32,251 |  |  | $ | 53,229 |
State |  | 9,839 |  |  | 10,933 |  |  | 17,274 |
|  | 35,599 |  |  | 43,184 |  |  | 70,503 |
Deferred: |  |  |  |  |  |
Federal |  | (42,744) |  |  | (2,696) |  |  | (10,642) |
State |  | (14,961) |  |  | (8,116) |  |  | (1,347) |
|  | (57,705) |  |  | (10,812) |  |  | (11,989) |
Income tax (benefit) expense from continuing operations |  | $ | (22,106) |  |  | $ | 32,372 |  |  | $ | 58,514 |
Reconciliation of the Federal Statutory Income Tax Rate to Effective Tax Rate | The expense (benefit) for income taxes differs from the amount computed by applying the U.S. federal statutory rate to pre-tax income (loss). The sources and tax effects of the differences are as follows (in thousands):
|  | 2025 |  | 2024 |  | 2023
Pre-tax (loss) income |  | $ | (102,825) |  |  |  | $ | (4,323) |  |  |  | $ | 189,340 |  |
Income tax at federal statutory rate |  | (21,593) |  | 21.0 | % |  | (908) |  | 21.0 | % |  | 39,821 |  | 21.0 | %
State income taxes, net of federal benefit |  | (5,450) |  | 5.3 | % |  | (233) |  | 5.4 | % |  | 10,587 |  | 5.6 | %
Stock-based compensation expense |  | 1,568 |  | (1.5) | % |  | 51 |  | (1.2) | % |  | 71 |  | — | %
Tax credits, net of valuation allowance |  | (334) |  | 0.3 | % |  | (340) |  | 7.9 | % |  | (818) |  | (0.4) | %
Nondeductible goodwill related to impairment |  | 6,602 |  | (6.4) | % |  | 35,075 |  | (811.5) | % |  | — |  | — | %
Nondeductible goodwill related to the sale of company-operated restaurants |  | 120 |  | (0.1) | % |  | 1,787 |  | (41.3) | % |  | 9,280 |  | 4.9 | %
State audit accrual |  | (747) |  | 0.7 | % |  | — |  | — | % |  | — |  | — | %
Benefit related to COLIs |  | (2,271) |  | 2.2 | % |  | (4,703) |  | 108.8 | % |  | (1,947) |  | (1.0) | %
Officers’ compensation limitation |  | (333) |  | 0.3 | % |  | 1,306 |  | (30.2) | % |  | 1,188 |  | 0.6 | %
Other, net |  | 332 |  | (0.3) | % |  | 337 |  | (7.8) | % |  | 332 |  | 0.2 | %
Effective tax rate |  | $ | (22,106) |  | 21.5 | % |  | 32,372 |  | (748.9) | % |  | 58,514 |  | 30.9 | %
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):
| 2025 |  | 2024
Deferred tax assets: |  |  |
Operating and finance lease liabilities | $ | 372,538 |  |  | $ | 381,522 |
Deferred income | 22,974 |  |  | 15,465 |
Accrued defined benefit pension and postretirement benefits | 19,096 |  |  | 22,074 |
Accrued insurance | 7,145 |  |  | 7,135 |
Share-based compensation | 5,869 |  |  | 6,814 |
Deferred interest deduction | 5,606 |  |  | 1,664 |
Accrued legal settlements | 5,377 |  |  | 4,764 |
Property and equipment, net of impairment | 4,107 |  |  | 5,847 |
Accrued incentive compensation | 1,921 |  |  | 2,692 |
Other reserves and allowances | 1,778 |  |  | 1,241 |
Accrued compensation expense | 1,325 |  |  | 1,254 |
Capitalized research costs | 1,152 |  |  | 1,443 |
Tax loss and tax credit carryforwards | 398 |  |  | 387 |
Other, net | 2,509 |  |  | 2,537 |
Total gross deferred tax assets | 451,795 |  |  | 454,839 |
Valuation allowance | — |  |  | — |
Total net deferred tax assets | 451,795 |  |  | 454,839 |
Deferred tax liabilities: |  |  |
Operating and finance lease ROU assets | (367,274) |  |  | (378,531) |
Intangible assets | (41,128) |  |  | (88,378) |
Other | (2,125) |  |  | (1,542) |
Total gross deferred tax liabilities | (410,527) |  |  | (468,451) |
Net deferred tax assets (liabilities) | $ | 41,268 |  |  | $ | (13,612) |

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