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Taxes on Income (Tables) | 12 Months Ended
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Jan. 02, 2016
Income Tax Disclosure [Abstract] |
Summary of Income Tax Provision for Continuing Operations | The income tax provision for continuing operations is made up of the following components:
| January 2, 2016 |  |  | January 3, 2015 |  |  | December 28, 2013 |
(In thousands) | (52 Weeks) |  |  | (53 Weeks) |  |  | (39 Weeks) |
Currently payable: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal | $ |  | 31,437 |  |  | $ |  | 27,015 |  |  | $ |  | 3,897 |
State |  |  | 3,144 |  |  |  |  | 777 |  |  |  |  | 510 |
Total currently payable |  |  | 34,581 |  |  |  |  | 27,792 |  |  |  |  | 4,407 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 3,255 |  |  |  |  | 3,362 |  |  |  |  | 531 |
State |  |  | (743 | ) |  |  |  | 175 |  |  |  |  | (4,097 | )
Total deferred |  |  | 2,512 |  |  |  |  | 3,537 |  |  |  |  | (3,566 | )
Total | $ |  | 37,093 |  |  | $ |  | 31,329 |  |  | $ |  | 841 |
Reconciliation of Statutory Federal Income Tax Rates | The effective income tax rates are different from the statutory federal income tax rates for the following reasons:
| January 2, 2016 |  | January 3, 2015 |  | December 28, 2013
| (52 Weeks) |  | (53 Weeks) |  | (39 Weeks)
Federal statutory income tax rate |  | 35.0 |  | % |  |  | 35.0 |  | % |  |  | 35.0 |  | %
State taxes, net of federal income tax benefit |  | 1.6 |  |  |  |  | 2.9 |  |  |  |  | (112.7 | ) |
Charitable product donations |  | (0.3 | ) |  |  |  | (0.4 | ) |  |  |  | (13.4 | ) |
Non-deductible merger expenses |  | — |  |  |  |  | — |  |  |  |  | 101.3 |  |
Changes in tax contingencies |  | (0.1 | ) |  |  |  | (2.7 | ) |  |  |  | 36.9 |  |
Domestic production activities deduction |  | (0.2 | ) |  |  |  | (0.2 | ) |  |  |  | (8.6 | ) |
Non-deductible expenses |  | 0.4 |  |  |  |  | 0.9 |  |  |  |  | 3.8 |  |
Other, net |  | 0.6 |  |  |  |  | (0.9 | ) |  |  |  | (1.7 | ) |
Effective income tax rate |  | 37.0 |  | % |  |  | 34.6 |  | % |  |  | 40.6 |  | %
Summary of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities resulting from temporary differences as of January 2, 2016 and January 3, 2015 are as follows:
(In thousands) | January 2, 2016 |  |  | January 3, 2015 |
Deferred tax assets: |  |  |  |  |  |  |  |  |
Employee benefits | $ |  | 29,218 |  |  | $ |  | 29,842 |
Accrued workers' compensation |  |  | 2,712 |  |  |  |  | 3,074 |
Allowance for doubtful accounts |  |  | 3,341 |  |  |  |  | 2,951 |
Intangible assets |  |  | 326 |  |  |  |  | 1,128 |
Restructuring |  |  | 732 |  |  |  |  | 1,947 |
Deferred revenue |  |  | 2,047 |  |  |  |  | 1,843 |
Accrued rent |  |  | 3,884 |  |  |  |  | 4,635 |
Accrued insurance |  |  | 866 |  |  |  |  | 1,107 |
All other |  |  | 6,804 |  |  |  |  | 5,627 |
Total deferred tax assets |  |  | 49,930 |  |  |  |  | 52,154 |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |
Property and equipment |  |  | 43,201 |  |  |  |  | 47,860 |
Inventory |  |  | 48,120 |  |  |  |  | 51,616 |
Goodwill |  |  | 62,005 |  |  |  |  | 53,628 |
Convertible debt interest |  |  | 524 |  |  |  |  | 789 |
Leases |  |  | 12,279 |  |  |  |  | 10,585 |
All other |  |  | 401 |  |  |  |  | 1,402 |
Total deferred tax liabilities |  |  | 166,530 |  |  |  |  | 165,880 |
Net deferred tax liability | $ |  | (116,600 | ) |  | $ |  | (113,726 | )
Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
(In thousands) | January 2, 2016 |  |  | January 3, 2015 |
Balance at beginning of year | $ |  | 2,179 |  |  | $ |  | 8,805 |
Gross increases - tax positions taken in prior years |  |  | 186 |  |  |  |  | 161 |
Gross decreases - tax positions taken in prior years |  |  | (105 | ) |  |  |  | (5,812 | )
Gross increases - tax positions taken in current year |  |  | 660 |  |  |  |  | 650 |
Lapse of statute of limitations |  |  | (709 | ) |  |  |  | (1,625 | )
Balance at end of year | $ |  | 2,211 |  |  | $ |  | 2,179 |

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- 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 + Details
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