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Income Taxes (Tables)
12 Months Ended
Dec. 27, 2014
Income Taxes [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2014

 

2013

 

2012

Current:

 

 

 

 

 

 

Federal

$  

24,809 

$  

26,994 

$

30,258 

State

 

1,237 

 

6,774 

 

2,534 

Deferred:

 

 

 

 

 

 

Federal

 

2,686 

 

8,184 

 

12,107 

State

 

1,099 

 

2,193 

 

3,504 

 

29,831 

44,145 

$

48,403 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2014

 

2013

 

2012

Income taxes at federal statutory rate

$

29,749 

$

40,553 

$

45,820 

State income taxes, net of federal income tax benefit

 

1,519 

 

5,828 

 

3,925 

Other

 

(1,437)

 

(2,236)

 

(1,342)

Provision for income taxes (effective tax rate 35.1%,  38.1% and 37.0%, respectively)

$

29,831 

$

44,145 

$

48,403 

 

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

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2014

 

2013

Deferred tax assets:

 

 

 

 

Accounts receivable

$

615 

$

585 

Compensated absences

 

362 

 

403 

Long term employment incentives

 

1,161 

 

2,785 

Employee benefit plans

 

3,771 

 

4,221 

General liability insurance

 

1,344 

 

1,223 

Postretirement benefit obligations

 

7,676 

 

7,037 

Net operating loss carryforwards

 

6,218 

 

5,736 

Other

 

1,358 

 

 -

Total deferred tax assets

 

22,505 

 

21,990 

Deferred tax liabilities:

 

 

 

 

Inventories

 

(7,459)

 

(6,809)

Unrealized gains on marketable securities

 

(3,371)

 

(2,753)

Nondeductible accruals and other

 

(6,522)

 

(4,745)

Depreciation

 

(111,709)

 

(109,836)

Total deferred tax liabilities

 

(129,061)

 

(124,143)

Net deferred tax liability

$

(106,556)

$

(102,153)

Current deferred liability - net

$

(5,800)

$

(4,219)

Noncurrent deferred liability - net

 

(100,756)

 

(97,934)

Net deferred tax liability

$

(106,556)

$

(102,153)

 

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

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2014

 

2013

Unrecognized tax benefits at beginning of year

$

 -

$

225 

Increases based on tax positions related to the current year

 

 -

 

 -

Additions for tax positions of prior year

 

 -

 

 -

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

$

 -

$

 -