XML 56 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income Tax (Tables)

12 Months Ended

Dec. 29, 2018

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:

(In thousands)	2018					2017					2016
Current income tax (benefit) expense:
Federal	$		(1,607	)		$		366			$		22,936
State			1,107					528					3,210
Total current income tax (benefit) expense			(500	)				894					26,146
Deferred income tax expense (benefit):
Federal			8,370					(72,842	)				6,509
State			(963	)				(7,079	)				252
Total deferred income tax expense (benefit)			7,407					(79,921	)				6,761
Total income tax expense (benefit)	$		6,907			$		(79,027	)		$		32,907

Reconciliation of Statutory Federal Rate to Effective Rate

A reconciliation of the statutory federal rate to the effective rate is as follows:

	2018					2017					2016
Federal statutory income tax rate		21.0		%			35.0		%			35.0		%
State taxes, net of federal income tax benefit		1.7					3.1					2.5
Stock compensation		0.7					1.0					—
Non-deductible expenses		0.6					(0.3	)				0.5
Domestic production activities deduction		—					0.1					(0.3	)
Charitable product donations		(0.6	)				0.4					(0.5	)
Other, net		(0.9	)				0.8					(0.6	)
Federal rate change effect on deferred taxes		(1.2	)				19.7					—
Tax credits		(1.8	)				0.2					—
Change in tax contingencies		(2.5	)				—					—
Effective income tax rate		17.0		%			60.0		%			36.6		%

Summary of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities resulting from temporary differences as of December 29, 2018 and December 30, 2017 are as follows:

				December 29,					December 30,
(In thousands)				2018					2017
Deferred tax assets:
Employee benefits				$		17,330			$		19,311
Accrued workers' compensation						1,402					1,620
Allowance for doubtful accounts						10,171					1,974
Intangible assets						—					56
Restructuring						1,806					2,322
Deferred revenue						1,269					1,552
Accrued rent						3,196					3,853
Accrued insurance						1,150					921
State net operating loss carryforwards (a)						2,656					37
All other						3,917					2,688
Total deferred tax assets						42,897					34,334
Deferred tax liabilities:
Property and equipment						41,315					34,199
Inventory						32,401					31,454
Goodwill						15,763					10,083
Intangible assets						1,011					—
All other						1,661					648
Total deferred tax liabilities						92,151					76,384
Net deferred tax liability				$		49,254			$		42,050

  (a) At December 29, 2018, the Company had gross state net operating losses in various taxing jurisdictions totaling $3.4 million, which expire in tax years 2021 through 2038 if not utilized.

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

				December 29,					December 30,
(In thousands)				2018					2017
Balance at beginning of year				$		2,408			$		2,369
Gross increases - tax positions taken in prior years						163					213
Gross decreases - tax positions taken in prior years						(171	)				(123	)
Gross increases - tax positions taken in current year						894					872
Lapse of statute of limitations						(1,817	)				(923	)
Balance at end of year				$		1,477			$		2,408

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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