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Income Taxes (Tables)

12 Months Ended

Dec. 29, 2018

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense (Benefit)

Income tax expense consisted of the following (in thousands):

		2018				2017				2016
Current:
Federal		$	12,483			$	19,153			$	21,634
State			2,871				4,046				5,289
			15,354				23,199				26,923
Deferred:
Federal			708				2,734				(105	)
State			920				28				(2,302	)
			1,628				2,762				(2,407	)
Income tax expense		$	16,982			$	25,961			$	24,516

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:

		2018				2017				2016
Statutory federal income tax			21.0	%			35.0	%			35.0	%
State income taxes, net of federal benefit			3.3				2.5				2.6
Manufacturing deduction			—				(3.5	)			(3.3	)
Tax Cuts and Jobs Act effects			(3.9	)			(1.9	)			—
Changes in unrecognized tax benefits			1.2				(0.6	)			1.2
R&D tax credits			(2.0	)			(1.1	)			(1.4	)
Other			—				(1.9	)			(1.8	)
Effective income tax rate			19.6	%			28.5	%			32.3	%

Summary of Deferred Income Taxes

The tax effects of temporary differences that give rise to deferred income taxes were as follows (in thousands):

		2018				2017
Deferred tax assets:
Stock-based compensation		$	7,633			$	6,940
Deferred rent and lease incentives			6,994				6,007
Warranty and returns liabilities			6,857				6,602
Net operating loss carryforwards and credits			2,324				3,240
Compensation and benefits			3,699				3,315
Other			3,406				3,321
Total gross deferred tax assets			30,913				29,425
Valuation allowance			(615	)			(615	)
Total gross deferred tax assets after valuation allowance			30,298				28,810
Deferred tax liabilities:
Property and equipment			29,912				21,475
Deferred revenue			1,749				723
Other			3,459				3,987
Total gross deferred tax liabilities			35,120				26,185
Net deferred tax (liabilities) assets		$	(4,822	)		$	2,625

Summary of Reconciliations Unrecognized Tax Benefits

Reconciliations of the beginning and ending amounts of unrecognized tax benefits were as follows (in thousands):

		Federal and State Tax
		2018				2017				2016
Beginning balance		$	2,839			$	3,460			$	2,077
Increases related to current-year tax positions			778				330				326
Increases related to prior-year tax positions			595				87				1,594
Decreases related to prior-year tax positions			—				(1,038	)			—
Lapse of statute of limitations			(333	)			—				(333	)
Settlements with taxing authorities			(13	)			—				(204	)
Ending balance		$	3,866			$	2,839			$	3,460

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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.

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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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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.

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