XML 58 R44.htm IDEA: XBRL DOCUMENT v3.20.4

Income Taxes (Tables)

12 Months Ended

Dec. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Provisions for Income Taxes

The provisions for (benefits from) income taxes were as follows:

			Fiscal Year Ended
			December 30, 2020						December 25, 2019						December 26, 2018
			(In thousands)
Current:
Federal			$	(3,497)					$	12,421					$	(632)
State and local			(109)						5,156						1,833
Foreign			667						1,142						1,042
Deferred:
Federal			393						9,944						5,432
State and local			3,588						6,061						761
(Decrease) increase of valuation allowance			(3,041)						(2,935)						121
Total provision for (benefit from) income taxes			$	(1,999)					$	31,789					$	8,557

Schedule of Reconciliation of Income Taxes U.S. Federal Statutory Tax Rate

The reconciliation of income taxes at the U.S. federal statutory tax rate to our effective tax rate was as follows: 

			December 30, 2020						December 25, 2019						December 26, 2018
Statutory provision rate			21		%				21		%				21		%
State, foreign and local taxes, net of federal income tax benefit			(11)						8						6
Change in state valuation allowance			(1)						(2)						—
General business credits generated			9						(2)						(5)
Foreign tax credits generated			2						(1)						(2)
Carryback of net operating loss rate differential			12						—						—
Section 162(m) and share-based compensation			(11)						(3)						(3)
Insurance premiums			5						—						—
Other			2						—						(1)
Effective tax rate			28		%				21		%				16		%

Schedule of Deferred Income Tax Assets or Liabilities

The following table represents the approximate tax effect of each significant type of temporary difference that resulted in deferred income tax assets or liabilities.

			December 30, 2020						December 25, 2019
			(In thousands)
Deferred tax assets:
Self-insurance accruals			$	3,315					$	4,202
Finance lease liabilities			1,369						1,263
Operating lease liabilities			39,555						43,497
Accrued exit cost			25						48
Interest rate swaps			19,806						11,491
Pension, other retirement and compensation plans			10,638						10,549
Deferred income			5,337						4,688
General business and foreign tax credit carryforwards - state and federal			2,782						2,945
Net operating loss carryforwards - state			5,888						9,621
Charitable contribution carryforwards - federal and state			161						—
Total deferred tax assets before valuation allowance			88,876						88,304
Less: valuation allowance			(7,223)						(10,264)
Total deferred tax assets			81,653						78,040
Deferred tax liabilities:
Intangible assets			(14,579)						(14,858)
Deferred finance costs			(86)						(211)
Operating lease right-of-use assets			(35,732)						(40,751)
Fixed assets			(7,679)						(6,711)
Other accruals			(367)						(791)
Total deferred tax liabilities			(58,443)						(63,322)
Net deferred tax asset			$	23,210					$	14,718

Summary of Unrecognized Tax Benefits

The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits:

			December 30, 2020						December 25, 2019
			(In thousands)
Balance, beginning of year			$	1,047					$	2,940
Decrease related to prior-year tax positions			—						(1,893)
Balance, end of year			$	1,047					$	1,047

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration