Income Taxes (Tables)

12 Months Ended

Aug. 02, 2019

The components of the provision for income taxes for each of the three years were as follows:

	2019			2018			2017
Current:
Federal	$	38,831		$	40,761		$	83,743
State		8,310			6,099			7,567
Deferred:
Federal		(1,427	)		(16,779	)		4,696
State		(2,759	)		722			982
Total provision for income taxes	$	42,955		$	30,803		$	96,988

Reconciliation of Provision for Income Taxes

A reconciliation of the Company’s provision for income taxes and income taxes based on the statutory U.S. federal rate of 21.0%, 26.9% and 35.0% in 2019, 2018 and 2017, respectively, was as follows:

	2019			2018			2017
Provision computed at federal statutory income tax rate	$	55,935		$	74,859		$	104,611
State and local income taxes, net of federal benefit		4,248			5,066			5,856
Revaluation of deferred taxes due to a reduction in the federal tax rate at the enactment date of the Tax Act		—			(26,772	)		—
Revaluation of deferred taxes due to the impact of the change in rate on 2018 temporary items		—			(3,710	)		—
Employer tax credits for FICA taxes paid on employee tip income		(15,107	)		(13,707	)		(11,543	)
Other employer tax credits		(3,537	)		(4,476	)		(2,814	)
Other-net		1,416			(457	)		878
Total provision for income taxes	$	42,955		$	30,803		$	96,988

Significant Components of Net Deferred Tax Liability

Significant components of the Company’s net deferred tax liability consisted of the following at:

	August 2, 2019		August 3, 2018
Deferred tax assets:
Compensation and employee benefits	$	6,496	$	6,342
Deferred rent		13,424		12,667
Accrued liabilities		21,379		8,546
Insurance reserves		7,571		7,291
Inventory		2,873		3,106
Other		536		—
Deferred tax assets	$	52,279	$	37,952

Deferred tax liabilities:
Property and equipment	$	85,379	$	75,433
Inventory		7,363		7,448
Other		3,656		7,232
Deferred tax liabilities		96,398		90,113
Net deferred tax liability	$	44,119	$	52,161

Total Gross Liability for Uncertain Tax Positions Exclusive of Interest and Penalties

Summarized below is a tabular reconciliation of the beginning and ending balance of the Company’s total gross liability for uncertain tax positions exclusive of interest and penalties:

	August 2, 2019			August 3, 2018			July 28, 2017
Balance at beginning of year	$	18,634		$	20,731		$	21,899
Tax positions related to the current year: Additions		2,742			3,029			4,003
Reductions		—			—			—
Tax positions related to the prior year: Additions		203			610			582
Reductions		(348	)		(575	)		(2,966	)
Settlements		(1,784	)		(3,878	)		(1,027	)
Expiration of statute of limitations		(1,441	)		(1,283	)		(1,760	)
Balance at end of year	$	18,006		$	18,634		$	20,731

Uncertain Tax Positions that, if Recognized, Would Affect Effective Tax Rate

The following table highlights the amount of uncertain tax positions, exclusive of interest and penalties, which, if recognized, would affect the effective tax rate for each of the three years:

		2019				2018				2017
Uncertain tax positions		$	14,225			$	14,721			$	13,475