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Income Taxes (Tables)

12 Months Ended

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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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 of the change in unrecognized tax benefits.

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