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Income Taxes (Tables) | 12 Months Ended
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Sep. 24, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense (benefit) consists of the following:
(Thousands of Dollars) | 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | 4,528 |  |  | 4,932 |  |  | (2,431) |
State | (336) |  |  | 142 |  |  | 3,642 |
Deferred | (4,541) |  |  | (4,376) |  |  | 6,044 |
| (349) |  |  | 698 |  |  | 7,255 |
Schedule of Effective Income Tax Rate Reconciliation | Income tax (benefit) expense related to operations differs from the amounts computed by applying the U.S. federal income tax rate to income (loss) before income taxes. The reasons for these differences are as follows:
(Percent of (Loss) Income Before Income Taxes) | 2023 |  | 2022 |  | 2021
Computed “expected” income tax expense | 21.0 |  |  | 21.0 |  |  | 21.0 |
State income tax benefit, net of federal tax benefit | (5.4) |  |  | (8.9) |  |  | 5.6 |
Net income of associated companies | 31.2 |  |  | (77.2) |  |  | (1.8) |
Resolution of tax matters | 69.7 |  |  | (32.2) |  |  | 3.2 |
Remeasurement due to state rate changes | (84.0) |  |  | (11.2) |  |  | 0.1 |
Non-deductible expenses | (28.5) |  |  | 124.0 |  |  | 0.9 |
Provision to return adjustment | (0.5) |  |  | 70.2 |  |  | — |
Valuation allowance | 16.0 |  |  | 11.9 |  |  | (6.0) |
Wage credit, net addback | — |  |  | (7.5) |  |  | — |
Warrant valuation | — |  |  | (1.9) |  |  | (0.4) |
Interest and penalties | (9.0) |  |  | — |  |  | — |
Other | 0.8 |  |  | — |  |  | — |
| 11.3 |  |  | 88.2 |  |  | 22.6 |
Schedule of Deferred Tax Assets and Liabilities | Net deferred income tax liabilities consist of the following components:
(Thousands of Dollars) | September 24 2023 |  | September 25 2022
Deferred income tax liabilities: |  |  |
Property and equipment | (8,461) |  |  | (11,712) |
Identified intangible assets | (18,705) |  |  | (21,649) |
ASC 842 - Leases DTL | (9,890) |  |  | (11,308) |
Other | (615) |  |  | — |
Investments | (31,296) |  |  | (26,489) |
| (68,967) |  |  | (71,158) |
Deferred income tax assets: |  |  |
Allowance for credit losses | 1,655 |  |  | 802 |
Pension and postretirement benefits | 1,102 |  |  | 3,445 |
Long-term debt | 159 |  |  | 161 |
Interest deduction limitation | 9,828 |  |  | 4,809 |
Operating loss carryforwards | 25,749 |  |  | 26,224 |
ASC 842 - Leases DTA | 11,037 |  |  | 13,112 |
Accrued compensation | 2,341 |  |  | 1,914 |
Accrued expenses | 1,510 |  |  | 1,663 |
Other | — |  |  | 2,964 |
| 53,381 |  |  | 55,094 |
Valuation allowance | (25,765) |  |  | (26,655) |
Net deferred income tax liabilities | (41,351) |  |  | (42,719) |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of 2023 and 2022 changes in gross unrecognized tax benefits is as follows:
(Thousands of Dollars) | 2023 |  | 2022
Balance, beginning of year | 18,242 |  |  | 18,279 |
Changes in tax positions for prior years | (687) |  |  | (307) |
Increases (decrease) in tax positions for the current year | (347) |  |  | 1,887 |
Lapse in statute of limitations | (2,294) |  |  | (1,617) |
Balance, end of year | 14,914 |  |  | 18,242 |

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