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Income Taxes (Tables)
12 Months Ended
Dec. 26, 2015
Income Taxes [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2015

 

2014

 

2013

Current:

 

 

 

 

 

 

Federal

$  

29,888 

$  

24,809 

$

26,994 

State

 

3,325 

 

1,237 

 

6,774 

Deferred:

 

 

 

 

 

 

Federal

 

(188)

 

2,559 

 

8,973 

State

 

(24)

 

676 

 

2,429 

 

33,001 

29,281 

$

45,170 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2015

 

2014

 

2013

Income taxes at federal statutory rate

$

32,316 

$

29,282 

$

41,425 

State income taxes, net of federal income tax benefit

 

1,112 

 

1,436 

 

5,981 

Other

 

(427)

 

(1,437)

 

(2,236)

Provision for income taxes (effective tax rate 35.7%,  35.0% and 38.2%, respectively)

$

33,001 

$

29,281 

$

45,170 

 

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

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2015

 

2014

Deferred tax assets:

 

 

 

 

Accounts receivable

$

813 

$

615 

Compensated absences

 

983 

 

362 

Long term employment incentives

 

3,143 

 

1,161 

Employee benefit plans

 

10,485 

 

10,734 

General liability insurance

 

4,048 

 

3,655 

Postretirement benefit obligations

 

5,906 

 

7,676 

Net operating loss carryforwards

 

5,926 

 

6,218 

Other

 

2,173 

 

1,359 

Total deferred tax assets

 

33,477 

 

31,780 

Deferred tax liabilities:

 

 

 

 

Inventories

 

(6,808)

 

(7,459)

Unrealized gains on marketable securities

 

(3,323)

 

(3,371)

Nondeductible accruals and other

 

(9,240)

 

(6,522)

Depreciation

 

(111,126)

 

(111,708)

Total deferred tax liabilities

 

(130,497)

 

(129,060)

Net deferred tax liability

$

(97,020)

$

(97,280)

 

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

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

2015

 

2014

Unrecognized tax benefits at beginning of year

$

-  

$

 -

Increases based on tax positions related to the current year

 

1,264 

 

 -

Additions for tax positions of prior year

 

-  

 

 -

Reductions for tax positions of prior years

 

-  

 

 -

Settlements

 

-  

 

 -

Expiration of the statute of limitations for assessment of taxes

 

-  

 

 -

Unrecognized tax benefits at end of year

$

1,264 

$

 -