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Income Taxes (Tables)

12 Months Ended

Dec. 27, 2020

Schedule of Income before Income Tax, Domestic and Foreign

The components of income (loss) from continuing operations before income taxes are comprised of the following (in millions):


	December 27, 2020		December 29, 2019		December 30, 2018
Domestic	$	(1.6)	$	6.8	$	2.2
Foreign	8.4		8.9		6.5
Total	$	6.8	$	15.7	$	8.7

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes from continuing operations are comprised of the following (in millions):


	Year Ended
	December 27, 2020		December 29, 2019		December 30, 2018
Federal income taxes:
Current	$	—	$	(0.2)	$	(0.4)
Deferred	(68.2)		(3.9)		(1.8)
Total Federal	(68.2)		(4.1)		(2.2)
State and local income taxes:
Current	0.5		1.0		0.4
Deferred	(9.4)		(0.9)		1.4
Total State and local	(8.9)		0.1		1.8
Foreign income taxes:
Current	4.2		9.0		4.8
Deferred	(0.6)		(0.2)		0.2
Total Foreign	3.6		8.8		5.0
Total	$	(73.5)	$	4.8	$	4.6

Schedule of Income Tax Reconciliation

A reconciliation of the total income tax provision (benefit) to the amount computed by applying the statutory federal income tax rate of 21% to the income from continuing operations before income taxes for the years ended December 27, 2020, December 29, 2019 and December 30, 2018 is as follows (in millions):


	Year Ended
	December 27, 2020		December 29, 2019		December 30, 2018
Income tax at federal statutory rate	$	1.4	$	3.3	$	1.8
State taxes, net of federal tax benefit and valuation allowance	0.6		0.6		0.9
Difference in tax rates between U.S. and foreign	1.3		1.9		0.7
Increase (decrease) in valuation allowance	(80.1)		(3.3)		4.7
Nondeductible expense	1.0		1.0		0.6
Increase in reserve for uncertain tax positions	3.0		7.7		4.0

Changes to indefinite life items and separate state deferred taxes	(0.1)		0.4		(0.7)
One-time transition tax on previously undistributed foreign earnings	—		—		2.2

Decrease in deferred taxes related to disposition	—		—		(9.6)

Release of valuation allowance due to acquisitions	(1.3)		(5.2)		—
Stock-based compensation	0.7		(1.6)		—
Total	$	(73.5)	$	4.8	$	4.6

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities are as follows (in millions):


	December 27, 2020		December 29, 2019
Deferred tax assets:
Stock-based compensation	$	7.9	$	5.3
Payroll related accruals	11.7		9.2
Lease accruals	21.7		22.1
Net operating loss carryforwards	66.0		75.1
Tax credit carryforwards	11.7		11.2
Other	18.5		20.2
	137.5		143.1
Valuation allowance	(7.4)		(88.6)
Total deferred tax assets, net of valuation allowance	130.1		54.5
Deferred tax liabilities:
Unearned revenue	(10.7)		(19.0)
Operating lease right-of-use assets	(19.7)		(20.2)
Other intangibles	(24.6)		(21.0)
Property and equipment, principally due to differences in depreciation	(7.0)		(2.0)
Other	(1.5)		(1.3)
Total deferred tax liabilities	(63.5)		(63.5)
Net deferred tax asset (liability)	$	66.6	$	(9.0)

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the activity related to the Company’s unrecognized tax benefits (in millions):


Balance as of December 31, 2017	$	15.6
Increases related to prior periods	0.5
Increases related to current year tax positions	4.0
Expiration of applicable statutes of limitations	(0.4)
Decreases related to prior year tax positions	(0.3)
Decreases related to disposition	(1.7)

Balance as of December 30, 2018	17.7
Increases related to prior periods	0.2
Increases related to current year tax positions	6.3
Expiration of applicable statutes of limitations	(0.1)
Decreases related to settlement with tax authorities	(0.1)


Balance as of December 29, 2019	24.0
Increases related to prior periods	0.2
Increases related to current year tax positions	1.5
Expiration of applicable statutes of limitations	(0.3)
Decreases related to settlement with tax authorities	—

Balance as of December 27, 2020	$	25.4