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Income Taxes (Tables)

12 Months Ended

Jan. 02, 2016

Valuation and Qualifying Accounts Disclosure [Line Items]

Components of income tax expense

The components of income tax expense were as follows:

	Fiscal Year Ended
	January 2, 2016				December 27, 2014				December 28, 2013
	(In thousands)
Current
Federal	$	20,033			$	15,128			$	6,363
State	972				129				1,124
Foreign	121				91				41
Total current tax provision	21,126				15,348				7,528
Deferred
Federal	(1,657		)		1,268				(2,026		)
State	(628		)		(2,010		)		(728		)
Total deferred tax provision	(2,285		)		(742		)		(2,754		)
Total income tax provision	$	18,841			$	14,606			$	4,774

Components of net deferred tax assets

The components of net deferred tax assets were as follows:

	January 2, 2016				December 27, 2014
	(In thousands)
Net deferred tax assets
Current deferred tax assets
Reserves and accruals	$	—			$	18,568
Stock-based compensation	—				767
Net operating loss carryforwards	—				2,470
Foreign tax credits	—				148
Total current deferred tax assets	—				21,953
Non-current deferred tax assets
Reserves and accruals	21,544				586
Tax credits	6,114				5,927
Property and equipment	1,308				178
Stock-based compensation	5,962				5,011
Net operating loss carryforwards	3,606				3,879
Total non-current deferred tax assets	38,534				15,581
Current deferred tax liabilities
Prepaids	—				448
Total current deferred tax liabilities	—				448
Non-current deferred tax liabilities
Prepaids	623				—
Intangible assets	6,190				7,172
Total non-current deferred tax liabilities	6,813				7,172
Total net deferred tax assets	$	31,721			$	29,914

Valuation allowance deferred tax assets

The table below summarizes activity relating to the valuation allowance:

Fiscal Year Ended	Balance at beginning  of period				Additions Charged to Costs and Expenses			Additions Charged to Goodwill			Deductions			Balance at End of Period
	(In thousands)
December 28, 2013	$	2,691			—			—			601			$	2,090
December 27, 2014	$	2,090			—			—			2,090			$	—
January 2, 2016	$	—			—			—			—			$	—

Reconciliation of the expected tax (benefit) expense

The reconciliation of the expected tax (benefit) expense (computed by applying the federal statutory rate to income before income taxes) to actual tax expense was as follows:

	Fiscal Year Ended
	January 2, 2016				December 27, 2014				December 28, 2013
	(In thousands)
Expected federal income tax	$	22,040			$	18,344			$	11,345
Miscellaneous permanent items	608				691				405
State taxes (net of federal benefit)	982				1,058				867
Federal and state credits	(2,767		)		(1,487		)		(3,909		)
Change in valuation allowance	—				(2,090		)		—
Domestic production activities deduction	(2,145		)		(1,562		)		(1,168		)
Settlement of uncertain tax positions	(194		)		(176		)		(2,696		)
Other	317				(172		)		(70		)
	$	18,841			$	14,606			$	4,774

Schedule of adjustments to uncertain tax position

A summary of the Company’s adjustments to its gross unrecognized tax benefits in the current year is as follows:

	Fiscal Year Ended
	January 2, 2016				December 27, 2014				December 28, 2013
	(in thousands)
Balance at beginning of period	$	2,491			$	2,618			$	4,469
Increase for tax positions related to the current year	786				252				355
Increase (decrease) for tax positions related to prior years	3,533				(108		)		490
Decreases for settlements with applicable taxing authorities	—				(271		)		(2,696		)
Decreases for lapses of statute of limitations	(194		)		—				—
Balance at end of period	$	6,616			$	2,491			$	2,618

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

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- 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

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- 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

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Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
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The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 09
-Article 12

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