Income Taxes (Tables)

12 Months Ended

Dec. 28, 2019

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

(dollars in thousands)		2019		2018		2017
Current:
Federal	$	11,779	$	11,385	$	10,630
State		3,117		4,594		1,972
Deferred:
Federal		6,636		6,059		(34,659)
State		(871)		(2,640)		2,666
	$	20,661	$	19,398	$	(19,391)

Schedule of Effective Income Tax Rate Reconciliation

(dollars in thousands)		2019		2018		2017
Income taxes at federal statutory rate	$	18,615	$	17,249	$	27,658
State income taxes, net of federal income tax benefit		1,333		639		1,306
Nondeductible employee-related expenses		1,974		768		1,828
2017 tax reform		-		657		(49,336)
Other		(1,261)		85		(847)
Provision for income taxes (effective tax rate 23.3%,  23.6% and (24.5)%, respectively)	$	20,661	$	19,398	$	(19,391)

Schedule of Deferred Tax Assets and Liabilities

(dollars in thousands)		2019		2018
Deferred tax assets:
Accounts receivable	$	749	$	588
Compensated absences		-		355
Employment incentives		1,405		842
Employee benefit plans		4,853		4,914
General liability insurance		2,778		2,702
Postretirement benefit obligations		5,767		5,272
Net operating loss carryforwards		6,582		8,030
Other		8,136		7,967
Total deferred tax assets		30,270		30,670
Deferred tax liabilities:
Inventories		(13,072)		(9,828)
Unrealized gains on marketable securities		(2,851)		(1,809)
Nondeductible accruals and other		(5,252)		(5,274)
Depreciation		(106,136)		(104,552)
Total deferred tax liabilities		(127,311)		(121,463)
Net deferred tax liability	$	(97,041)	$	(90,793)

Schedule of Unrecognized Tax Benefits

(dollars in thousands)		2019		2018
Unrecognized tax benefits at beginning of year	$	6,405	$	4,691
Increases based on tax positions related to the current year		1,769		1,714
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		(1,562)		-
Unrecognized tax benefits at end of year	$	6,612	$	6,405