XML 51 R37.htm IDEA: XBRL DOCUMENT
v3.20.2

Note 12 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Sep. 27, 2020
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
(Thousands of Dollars) |  | 2020 |  |  | 2019 |  |  | 2018 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | 8,779 |  |  | 8,763 |  |  | 275 |
State |  | (11 | ) |  | 1,171 |  |  | 875 |
Deferred |  | (4,665 | ) |  | (2,003 | ) |  | (17,378 | )
|  |  | 4,104 |  |  |  | 7,931 |  |  |  | (16,228 | )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
(Percent of Income (Loss) Before Income Taxes) |  | 2020 |  |  | 2019 |  |  | 2018 |
Computed “expected” income tax expense (benefit) |  | 21.0 |  |  | 21.0 |  |  | 24.7 |
State income tax expense, net of federal tax impact |  | 21.7 |  |  | 1.3 |  |  | 2.6 |
Net income of associated companies taxed at dividend rates |  | (18.3 | ) |  | (3.9 | ) |  | (5.1 | )
Resolution of tax matters |  | (30.5 | ) |  | 1.7 |  |  | (8.4 | )
Remeasurement due to rate changes |  | 24.0 |  |  | — |  |  | — |
Non-deductible expenses |  | 19.4 |  |  | 3.4 |  |  | 2.9 |
Valuation allowance |  | 110.0 |  |  | 10.8 |  |  | 9.9 |
Warrant valuation |  | (7.3 | ) |  | (0.6 | ) |  | 0.2 |
Revaluation of deferred income taxes due to law charges |  | — |  |  | — |  |  | (79.1 | )
Other |  | 4.4 |  |  | (0.4 | ) |  | (0.4 | )
|  |  | 144.4 |  |  |  | 33.3 |  |  |  | (52.7 | )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | September 27 |  |  | September 29 |
(Thousands of Dollars) |  | 2020 |  |  | 2019 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Property and equipment |  |  | (18,646 | ) |  |  | (14,424 | )
Identified intangible assets |  |  | (16,765 | ) |  |  | (15,358 | )
ASC 842 - Leases DTL |  |  | (18,669 | ) |  |  | — |
Investments |  |  | (6,154 | ) |  |  | (3,164 | )
|  |  | (60,234 | ) |  |  | (32,946 | )
Deferred income tax assets: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  |  | 1,733 |  |  |  | 1,279 |
Pension and postretirement benefits |  |  | 7,075 |  |  |  | 2,048 |
Long-term debt |  |  | 350 |  |  |  | (9,219 | )
Interest deduction limitation |  |  | 5,383 |  |  |  | 4,255 |
Operating loss carryforwards |  |  | 28,240 |  |  |  | 41,610 |
ASC 842 - Leases DTA |  |  | 18,675 |  |  |  | — |
Accrued compensation |  |  | 13,142 |  |  |  | 1,810 |
Accrued expenses |  |  | 1,673 |  |  |  | 426 |
Other |  |  | 430 |  |  |  | 844 |
|  |  | 76,701 |  |  |  | 43,053 |
Valuation allowance |  |  | (31,675 | ) |  |  | (39,913 | )
Net deferred income tax liabilities |  |  | (15,208 | ) |  |  | (29,806 | )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
(Thousands of Dollars) |  | 2020 |  |  | 2019 |
Balance, beginning of year |  |  | 18,252 |  |  |  | 16,104 |
Increases (decreases) in tax positions for prior years |  |  | (331 | ) |  |  | 33 |
Increases in tax positions for the current year |  |  | 9,825 |  |  |  | 2,472 |
Lapse in statute of limitations |  |  | (738 | ) |  |  | (357 | )
Balance, end of year |  |  | 27,008 |  |  |  | 18,252 |

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 of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=121610041&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration