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Income Taxes (Tables)
12 Months Ended
Sep. 27, 2025
Income Tax Disclosure [Abstract]  
Provision for income taxes

The income tax provision of all the legal entities included in the Partnership’s consolidated statement of operations, which is composed primarily of state income taxes in the few states that impose taxes on partnerships and minimum state income taxes on the Corporate Entities, consists of the following:

 

 

 

Year Ended

 

 

 

September 27,

 

 

September 28,

 

 

September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

Current provision

 

 

 

 

 

 

 

 

 

Federal

 

$

5

 

 

$

6

 

 

$

8

 

State and local

 

 

761

 

 

 

728

 

 

 

955

 

 

 

 

766

 

 

 

734

 

 

 

963

 

Deferred provision (benefit)

 

 

582

 

 

 

 

 

 

(295

)

 

 

$

1,348

 

 

$

734

 

 

$

668

 

Income tax reconciliation

The provision for income taxes differs from income taxes computed at the U.S. federal statutory rate as a result of the following:

 

 

 

Year Ended

 

 

 

September 27,

 

 

September 28,

 

 

September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

Income tax provision at federal statutory tax rate

 

$

22,663

 

 

$

15,731

 

 

$

26,128

 

Impact of Partnership income not subject to
   federal income taxes

 

 

(29,814

)

 

 

(20,245

)

 

 

(31,604

)

Permanent differences

 

 

(280

)

 

 

135

 

 

 

104

 

Change in valuation allowance

 

 

9,505

 

 

 

4,725

 

 

 

6,721

 

State income taxes

 

 

(547

)

 

 

449

 

 

 

(552

)

Other

 

 

(179

)

 

 

(61

)

 

 

(129

)

Provision for income taxes - current and deferred

 

$

1,348

 

 

$

734

 

 

$

668

 

Deferred tax assets and liabilities

The components of net deferred taxes and the related valuation allowance using currently enacted tax rates are as follows:

 

 

 

Year Ended

 

 

 

September 27,

 

 

September 28,

 

 

 

2025

 

 

2024

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss carryforwards

 

$

56,549

 

 

$

55,785

 

Allowance for doubtful accounts

 

 

323

 

 

 

272

 

Inventory

 

 

742

 

 

 

873

 

Deferred revenue

 

 

429

 

 

 

486

 

Other accruals

 

 

8,735

 

 

 

4,026

 

Total deferred tax assets

 

 

66,778

 

 

 

61,442

 

Deferred tax liabilities:

 

 

 

 

 

 

Intangible assets

 

 

1,886

 

 

 

278

 

Property, plant and equipment

 

 

10,362

 

 

 

8,949

 

Total deferred tax liabilities

 

 

12,248

 

 

 

9,227

 

Net deferred tax assets

 

 

54,530

 

 

 

52,215

 

Valuation allowance

 

 

(53,784

)

 

 

(50,888

)

Net deferred tax assets

 

$

746

 

 

$

1,327