XML 50 R36.htm IDEA: XBRL DOCUMENT v3.21.2

Note 13 - Income Taxes (Tables)

12 Months Ended

Sep. 26, 2021

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(Thousands of Dollars)		2021				2020				2019
Current:
Federal		(2,431		)		8,779				8,763
State		3,642				(10		)		1,171
Deferred		6,004				(4,665		)		(2,003		)
			7,215				4,104				7,931

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(Percent of Income (Loss) Before Income Taxes)		2021				2020				2019
Computed “expected” income tax expense		21.0				21.0				21.0
State income tax benefit, net of federal tax benefit		5.6				21.7				1.3
Net income of associated companies		(1.8		)		(18.3		)		(3.9		)
Resolution of tax matters		3.2				(30.5		)		1.7
Remeasurement due to rate changes		—				24.0				—
Non-deductible expenses		0.9				19.4				3.4
Valuation allowance		(6.0		)		110.0				10.8
Warrant valuation		(0.4		)		(7.3		)		(0.6		)
Other		—				4.4				(0.4		)
			22.5				144.4				33.3

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		September 26				September 27
(Thousands of Dollars)		2021				2020
Deferred income tax liabilities:
Property and equipment			(13,284	)			(18,646	)
Identified intangible assets			(14,032	)			(16,765	)
ASC 842 - Leases DTL			(15,813	)			(18,669	)
Pension and postretirement benefits			(6,346	)			—
Investments			(14,275	)			(6,154	)
			(63,750	)			(60,234	)
Deferred income tax assets:
Allowance for credit losses			237				1,733
Pension and postretirement benefits			—				7,075
Long-term debt			716				350
Interest deduction limitation			—				5,383
Operating loss carryforwards			26,999				28,240
ASC 842 - Leases DTA			15,840				18,675
Accrued compensation			6,630				13,142
Accrued expenses			443				1,673
Other			812				430
			51,677				76,701
Valuation allowance			(28,222	)			(31,675	)
Net deferred income tax liabilities			(40,295	)			(15,208	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

(Thousands of Dollars)		2021				2020
Balance, beginning of year			27,008				18,252
Changes in tax positions for prior years			1,008				(331	)
Increases (decrease) in tax positions for the current year			(8,940	)			9,825
Lapse in statute of limitations			(797	)			(738	)
Balance, end of year			18,279				27,008

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=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=124434304&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=121826272&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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