Income Taxes (Tables)

12 Months Ended

Dec. 29, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes consists of:


(dollars in thousands)		2012		2011		2010
Current:
Federal	$	30,258	$	24,518	$	1,578
State		2,534		781		(679	)
Deferred:
Federal		12,107		12,731		33,612
State		3,504		3,992		4,583
	$	48,403	$	42,022	$	39,094

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reconciliation of income taxes computed at the federal statutory rate (35% in 2012, 2011 and 2010) to the provision for income taxes is:


(dollars in thousands)		2012			2011			2010
Income taxes at federal statutory rate	$	45,820		$	41,151		$	37,585
State income taxes, net of federal income tax benefit		3,925			2,558			2,538
Other		(1,342	)		(1,687	)		(1,029	)
Provision for income taxes (effective tax rate 37.0%, 35.7% and 36.4%, respectively)	$	48,403		$	42,022		$	39,094

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at December 29, 2012 and December 31, 2011, are:


(dollars in thousands)		2012			2011
Deferred tax assets:
Accounts receivable	$	426		$	403
Compensated absences		510			495
Long term employment incentives		2,891			1,554
Employee benefit plans		3,784			3,496
General liability insurance		1,113			1,074
Postretirement benefit obligations		6,255			5,931
Net operating loss carryforwards		6,535			6,825
Total deferred tax assets		21,514			19,778
Deferred tax liabilities:
Inventories		(6,241	)		(5,511	)
Unrealized gains on marketable securities		(3,506	)		(3,799	)
Nondeductible accruals and other		(1,995	)		(1,021	)
Depreciation		(102,301	)		(86,658	)
Total deferred tax liabilities		(114,043	)		(96,989	)
Net deferred tax liability	$	(92,529	)	$	(77,211	)
Current deferred liability - net	$	(3,420	)	$	(4,130	)
Noncurrent deferred liability - net		(89,109	)		(73,081	)
Net deferred tax liability	$	(92,529	)	$	(77,211	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following table summarizes the activity related to the Company's unrecognized tax benefits:


(dollars in thousands)		2012	2011
Unrecognized tax benefits at beginning of year	$	161	925
Increases based on tax positions related to the current year		---	---
Additions for tax positions of prior year		64	---
Reductions for tax positions of prior years		---	---
Settlements		---	(764	)
Expiration of the statute of limitations for assessment of taxes		---	---
Unrecognized tax benefits at end of year	$	225	161