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Income Tax | 12 Months Ended
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Dec. 28, 2024
Income Tax Disclosure [Abstract] |
Income Tax | Note 14 – Income Tax 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 |
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 |  | %
The increase in the effective tax rate in 2024 was driven primarily by the impact of the goodwill impairment within the Retail reporting unit. This included the impact of non-deductible goodwill impairment, as well as included the effect of lower pre-tax earnings which increased the rate of state taxes and other non-deductible expenses. 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. The Company does no t have material unrecognized tax positions in either 2024 or 2023. All remaining unrecognized tax benefits are set to expire prior to January 3, 2026. The Company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. 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 1, 2022, and state or local tax authorities for fiscal years before the year ended January 2, 2021.

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