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Income Tax | 12 Months Ended
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Dec. 30, 2023
Income Tax Disclosure [Abstract] |
Income Tax | Note 13 – Income Tax The income tax provision for continuing operations is made up of the following components:
(In thousands) | 2023 |  |  | 2022 |  |  | 2021 |
Current income tax expense: |  |  |  |  |  |  |  |  |  |  |
Federal | $ |  | 6,698 |  |  | $ |  | 8,585 |  |  | $ |  | 5,436 |
State |  |  | 2,961 |  |  |  |  | 2,397 |  |  |  |  | 1,867 |
Total current income tax expense |  |  | 9,659 |  |  |  |  | 10,982 |  |  |  |  | 7,303 |
Deferred income tax expense: |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 6,546 |  |  |  |  | 46 |  |  |  |  | 14,877 |
State |  |  | 1,683 |  |  |  |  | 1,369 |  |  |  |  | 2,726 |
Total deferred income tax expense |  |  | 8,229 |  |  |  |  | 1,415 |  |  |  |  | 17,603 |
Total income tax expense | $ |  | 17,888 |  |  | $ |  | 12,397 |  |  | $ |  | 24,906 |
A reconciliation of the statutory federal rate to the effective rate is as follows:
| 2023 |  | 2022 |  | 2021
Federal statutory income tax rate |  | 21.0 |  | % |  |  | 21.0 |  | % |  |  | 21.0 |  | %
Stock compensation |  | (0.9 | ) |  |  |  | (2.8 | ) |  |  |  | 0.0 |  |
Non-deductible expenses |  | 3.4 |  |  |  |  | 5.5 |  |  |  |  | 1.7 |  |
Change in tax contingencies |  | (1.3 | ) |  |  |  | (0.1 | ) |  |  |  | 0.0 |  |
Charitable product donations |  | (0.2 | ) |  |  |  | (0.3 | ) |  |  |  | (0.1 | ) |
Other, net |  | (0.3 | ) |  |  |  | 0.1 |  |  |  |  | (0.3 | ) |
State taxes, net of federal income tax benefit |  | 5.3 |  |  |  |  | 6.7 |  |  |  |  | 3.8 |  |
Tax credits |  | (1.5 | ) |  |  |  | (3.7 | ) |  |  |  | (0.9 | ) |
Effective income tax rate |  | 25.5 |  | % |  |  | 26.4 |  | % |  |  | 25.2 |  | %
Deferred tax assets and liabilities resulting from temporary differences as of December 30, 2023 and December 31, 2022 are as follows:
| December 30, |  |  | December 31, |
(In thousands) | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |  |
Employee benefits | $ |  | 21,074 |  |  | $ |  | 27,387 |
Accrued workers' compensation |  |  | 2,082 |  |  |  |  | 2,126 |
Allowance for credit losses |  |  | 1,500 |  |  |  |  | 1,823 |
Restructuring |  |  | 601 |  |  |  |  | 655 |
Deferred revenue |  |  | 987 |  |  |  |  | 1,266 |
Stock warrant |  |  | 31 |  |  |  |  | 626 |
Lease liabilities |  |  | 82,970 |  |  |  |  | 82,284 |
Accrued insurance |  |  | 1,045 |  |  |  |  | 985 |
State net operating loss carryforwards (a) |  |  | 5,507 |  |  |  |  | 5,608 |
All other |  |  | 8,538 |  |  |  |  | 4,433 |
Total deferred tax assets |  |  | 124,335 |  |  |  |  | 127,193 |
Valuation allowances |  |  | (399 | ) |  |  |  | (357 | )
Net deferred tax assets |  |  | 123,936 |  |  |  |  | 126,836 |
Deferred tax liabilities: |  |  |  |  |  |  |
Property and equipment |  |  | 49,038 |  |  |  |  | 48,251 |
Lease assets |  |  | 74,472 |  |  |  |  | 73,986 |
Inventory |  |  | 31,618 |  |  |  |  | 33,290 |
Goodwill |  |  | 36,936 |  |  |  |  | 33,606 |
Intangible assets |  |  | 2,200 |  |  |  |  | 1,195 |
All other |  |  | 3,576 |  |  |  |  | 2,801 |
Total deferred tax liabilities |  |  | 197,840 |  |  |  |  | 193,129 |
Net deferred tax liability | $ |  | 73,904 |  |  | $ |  | 66,293 |
(a) As of December 30, 2023, the Company’s state net operating loss carryforwards in various taxing jurisdictions expire in tax years 2024 through 2043 if not utilized. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
(In thousands) | 2023 |  |  | 2022 |
Balance at beginning of year | $ |  | 1,165 |  |  | $ |  | 1,220 |
Lapsed statutes of limitations |  |  | (185 | ) |  |  |  | (55 | )
Effectively settled |  |  | (836 | ) |  |  |  | — |
Balance at end of year | $ |  | 144 |  |  | $ |  | 1,165 |
Unrecognized tax benefits of $0.1 million are set to expire prior to December 28, 2024. The Company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. The amount of unrecognized tax benefits, including interest and penalties, that would reduce the Company’s effective income tax rate if recognized in future periods was $0.1 million as of December 30, 2023. SpartanNash or its subsidiaries file income tax returns with federal, state and local tax authorities within the United States. With few exceptions, SpartanNash is no longer subject to examinations by U.S. federal tax authorities for fiscal years before the year ended January 2, 2021, and state or local tax authorities for fiscal years before the year ended December 28, 2019.

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