Income Taxes (Tables)

12 Months Ended

Dec. 26, 2020

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

(dollars in thousands)		2020		2019		2018
Current:
Federal	$	29,121	$	11,779	$	11,385
State		9,984		3,117		4,594
Deferred:
Federal		4,090		6,636		6,059
State		1,567		(871)		(2,640)
	$	44,762	$	20,661	$	19,398

Schedule of Effective Income Tax Rate Reconciliation

(dollars in thousands)		2020		2019		2018
Income taxes at federal statutory rate	$	34,373	$	18,615	$	17,249
State income taxes, net of federal income tax benefit		7,261		1,333		639
Nondeductible employee-related expenses		2,223		1,974		768
2017 tax reform		-		-		657
Other		905		(1,261)		85
Provision for income taxes (effective tax rate 27.3%, 23.3% and 23.6%, respectively)	$	44,762	$	20,661	$	19,398

Schedule of Deferred Tax Assets and Liabilities

(dollars in thousands)		2020		2019
Deferred tax assets:
Accounts receivable	$	659	$	749
Employment incentives		6,204		4,735
Self-insurance liability		8,515		7,344
Postretirement benefit obligations		6,527		6,054
Net operating loss and credit carryforwards		7,787		9,945
Unrecognized Tax Benefits		1,751		1,389
Other		1,407		611
Total deferred tax assets		32,850		30,827
Deferred tax liabilities:
Inventories		(13,407)		(13,072)
Unrealized gains on marketable securities		(3,059)		(2,851)
Prepaids		(5,993)		(4,883)
Nondeductible accruals and other		(332)		(926)
Depreciation		(113,463)		(106,136)
Total deferred tax liabilities		(136,254)		(127,868)
Net deferred tax liability	$	(103,404)	$	(97,041)

Schedule of Unrecognized Tax Benefits

(dollars in thousands)		2020		2019
Unrecognized tax benefits at beginning of year	$	6,612	$	6,405
Increases based on tax positions related to the current year		1,725		1,769
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	$	8,337	$	6,612