XML 59 R36.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jan. 03, 2015
Income Tax Disclosure [Abstract] |
Income tax expense (benefit) | Income tax expense consisted of the following (in thousands):
Current: |  | 2014 |  | 2013 |  | 2012
Federal |  | $ | 29,484 |  |  | $ | 25,091 |  |  | $ | 34,993 |
State |  | 4,161 |  |  | 3,802 |  |  | 3,419 |
|  | 33,645 |  |  | 28,893 |  |  | 38,412 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  | 747 |  |  | 1,953 |  |  | 2,176 |
State |  | (258 | ) |  | 84 |  |  | 1,323 |
|  | 489 |  |  | 2,037 |  |  | 3,499 |
Income tax expense |  | $ | 34,134 |  |  | $ | 30,930 |  |  | $ | 41,911 |
Reconciliation of income tax expense (benefit) at the statutory federal rate | The following table provides a reconciliation between the statutory federal income tax rate and our effective income tax rate:
|  | 2014 |  | 2013 |  | 2012
Statutory federal income tax |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal benefit |  | 2.5 |  |  | 3.0 |  |  | 2.9 |
Manufacturing deduction |  | (3.3 | ) |  | (3.2 | ) |  | (3.1 | )
Changes in unrecognized tax benefits |  | 0.3 |  |  | 0.3 |  |  | (0.2 | )
Other |  | (1.1 | ) |  | (1.1 | ) |  | 0.3 |
Effective income tax rate |  | 33.4 | % |  | 34.0 | % |  | 34.9 | %
Deferred income taxes | The tax effects of temporary differences that give rise to deferred income taxes were as follows (in thousands):
Deferred tax assets: |  | 2014 |  | 2013
Current: |  |  |  |
Warranty and returns liabilities |  | $ | 5,753 |  |  | $ | 4,376 |
Compensation and benefits |  | 1,545 |  |  | 1,379 |
Deferred rent and lease incentives |  | 991 |  |  | 857 |
Other |  | 709 |  |  | 539 |
Long-term: |  |  |  |  |
Stock-based compensation |  | 6,843 |  |  | 5,944 |
Deferred rent and lease incentives |  | 5,527 |  |  | 4,524 |
Warranty liabilities |  | 1,051 |  |  | 605 |
Net operating loss and capital loss carryforwards |  | 649 |  |  | 827 |
Other |  | — |  |  | 1,111 |
Total gross deferred tax assets |  | 23,068 |  |  | 20,162 |
Valuation allowance |  | (552 | ) |  | (587 | )
Total deferred tax assets after valuation allowance |  | 22,516 |  |  | 19,575 |
Deferred tax liabilities: |  |  |  |
Long-term: |  |  |  |
Property and equipment |  | 9,873 |  |  | 7,696 |
Other |  | 424 |  |  | — |
Total gross deferred tax liabilities |  | 10,297 |  |  | 7,696 |
Net deferred tax assets |  | $ | 12,219 |  |  | $ | 11,879 |

X
- 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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration