XML 33 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Dec. 28, 2013
Income Taxes [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2013

 

2012

 

2011

Current:

 

 

 

 

 

 

Federal

$  

26,994 

$  

30,258 

$

24,518 

State

 

6,774 

 

2,534 

 

781 

Deferred:

 

 

 

 

 

 

Federal

 

8,184 

 

12,107 

 

12,731 

State

 

2,193 

 

3,504 

 

3,992 

 

44,145 

48,403 

$

42,022 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2013

 

2012

 

2011

Income taxes at federal statutory rate

$

40,553 

$

45,820 

$

41,151 

State income taxes, net of federal income tax benefit

 

5,828 

 

3,925 

 

2,558 

Other

 

(2,236)

 

(1,342)

 

(1,687)

Provision for income taxes (effective tax rate 38.1%,  37.0% and 35.7%, respectively)

$

44,145 

$

48,403 

$

42,022 

 

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

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2013

 

2012

Deferred tax assets:

 

 

 

 

Accounts receivable

$

585 

$

426 

Compensated absences

 

403 

 

510 

Long term employment incentives

 

2,785 

 

2,891 

Employee benefit plans

 

4,221 

 

3,784 

General liability insurance

 

1,223 

 

1,113 

Postretirement benefit obligations

 

7,037 

 

6,255 

Net operating loss carryforwards

 

5,736 

 

6,535 

Total deferred tax assets

 

21,990 

 

21,514 

Deferred tax liabilities:

 

 

 

 

Inventories

 

(6,809)

 

(6,241)

Unrealized gains on marketable securities

 

(2,753)

 

(3,506)

Nondeductible accruals and other

 

(4,745)

 

(1,995)

Depreciation

 

(109,836)

 

(102,301)

Total deferred tax liabilities

 

(124,143)

 

(114,043)

Net deferred tax liability

$

(102,153)

$

(92,529)

Current deferred liability - net

$

(4,219)

$

(3,420)

Noncurrent deferred liability - net

 

(97,934)

 

(89,109)

Net deferred tax liability

$

(102,153)

$

(92,529)

 

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

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2013

 

2012

Unrecognized tax benefits at beginning of year

$

225 

$

161 

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

 

(225)

 

 -

Expiration of the statute of limitations for assessment of taxes

 

 -

 

 -

Unrecognized tax benefits at end of year

$

 -

$

225