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Income Tax (Tables) | 12 Months Ended
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Dec. 28, 2024
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) | 2024 |  |  | 2023 |  |  | 2022 |
Current income tax expense: |  |  |  |  |  |  |  |  |  |  |
Federal | $ |  | 4,027 |  |  | $ |  | 6,698 |  |  | $ |  | 8,585 |
State |  |  | 1,728 |  |  |  |  | 2,961 |  |  |  |  | 2,397 |
Total current income tax expense |  |  | 5,755 |  |  |  |  | 9,659 |  |  |  |  | 10,982 |
Deferred income tax expense: |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 4,414 |  |  |  |  | 6,546 |  |  |  |  | 46 |
State |  |  | 557 |  |  |  |  | 1,683 |  |  |  |  | 1,369 |
Total deferred income tax expense |  |  | 4,971 |  |  |  |  | 8,229 |  |  |  |  | 1,415 |
Total income tax expense | $ |  | 10,726 |  |  | $ |  | 17,888 |  |  | $ |  | 12,397 |
Reconciliation of Statutory Federal Rate to Effective Rate | A reconciliation of the statutory federal rate to the effective rate is as follows:
| 2024 |  | 2023 |  | 2022
Federal statutory income tax rate |  | 21.0 |  | % |  |  | 21.0 |  | % |  |  | 21.0 |  | %
Non-deductible goodwill impairment |  | 49.4 |  |  |  |  | — |  |  |  |  | — |  |
State taxes, net of federal income tax benefit |  | 17.1 |  |  |  |  | 5.3 |  |  |  |  | 6.7 |  |
Non-deductible expenses |  | 21.4 |  |  |  |  | 3.4 |  |  |  |  | 5.5 |  |
Stock compensation |  | 0.7 |  |  |  |  | (0.9 | ) |  |  |  | (2.8 | ) |
Change in tax contingencies |  | (0.6 | ) |  |  |  | (1.3 | ) |  |  |  | (0.1 | ) |
Charitable product donations |  | (1.1 | ) |  |  |  | (0.2 | ) |  |  |  | (0.3 | ) |
Contingent consideration |  | (4.1 | ) |  |  |  | — |  |  |  |  | — |  |
Other, net |  | (2.0 | ) |  |  |  | (0.3 | ) |  |  |  | 0.1 |  |
Tax credits |  | (4.5 | ) |  |  |  | (1.5 | ) |  |  |  | (3.7 | ) |
Effective income tax rate |  | 97.3 |  | % |  |  | 25.5 |  | % |  |  | 26.4 |  | %
Summary of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities resulting from temporary differences as of December 28, 2024 and December 30, 2023 are as follows:
| December 28, |  |  | December 30, |
(In thousands) | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |  |
Employee benefits | $ |  | 20,991 |  |  | $ |  | 21,074 |
Accrued workers' compensation |  |  | 1,949 |  |  |  |  | 2,082 |
Allowance for credit losses |  |  | 856 |  |  |  |  | 1,500 |
Restructuring |  |  | 192 |  |  |  |  | 601 |
Deferred revenue |  |  | 1,236 |  |  |  |  | 987 |
Lease liabilities |  |  | 116,234 |  |  |  |  | 82,970 |
Accrued insurance |  |  | 1,798 |  |  |  |  | 1,045 |
State net operating loss carryforwards (a) |  |  | 5,533 |  |  |  |  | 5,507 |
All other |  |  | 6,930 |  |  |  |  | 8,569 |
Total deferred tax assets |  |  | 155,719 |  |  |  |  | 124,335 |
Valuation allowances |  |  | (419 | ) |  |  |  | (399 | )
Net deferred tax assets |  |  | 155,300 |  |  |  |  | 123,936 |
Deferred tax liabilities: |  |  |  |  |  |  |
Property and equipment |  |  | 57,977 |  |  |  |  | 49,038 |
Lease assets |  |  | 107,277 |  |  |  |  | 74,472 |
Inventory |  |  | 36,343 |  |  |  |  | 31,618 |
Goodwill |  |  | 32,511 |  |  |  |  | 36,936 |
Intangible assets |  |  | 8,571 |  |  |  |  | 2,200 |
All other |  |  | 3,631 |  |  |  |  | 3,576 |
Total deferred tax liabilities |  |  | 246,310 |  |  |  |  | 197,840 |
Net deferred tax liability | $ |  | 91,010 |  |  | $ |  | 73,904 |
(a) As of December 28, 2024, the Company’s stat e net operating loss carryforwards in various taxing jurisdictions expire in tax years 2025 through 2044 if not utilized.

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