Income Taxes (Tables)

12 Months Ended

Dec. 29, 2012

Components Of Income Tax Expense

The company’s provision for income tax expense consists of the following for fiscal years 2012, 2011 and 2010:

	Fiscal 2012		Fiscal 2011			Fiscal 2010
	(Amounts in thousands)
Current Taxes:
Federal	$	54,599	$	60,129		$	60,472
State		6,602		10,109			8,973
		61,201		70,238			69,445
Deferred Taxes:
Federal		9,703		(1,492	)		4,372
State		1,747		(208	)		(484	)
		11,450		(1,700	)		3,888
Income tax expense	$	72,651	$	68,538		$	73,333

Reconciliation Of Effective Tax Amount

Income tax expense differs from the amount computed by applying the U.S. federal income tax rate (35%) because of the effect of the following items for fiscal years 2012, 2011 and 2010:

	Fiscal 2012			Fiscal 2011			Fiscal 2010
	(Amounts in thousands)
Tax at U.S. federal income tax rate	$	73,070		$	67,188		$	73,633
State income taxes, net of federal income tax benefit		5,427			6,546			5,795
Section 199 qualifying production activities benefit		(5,407	)		(5,645	)		(6,019	)
Other		(439	)		449			(76	)
Income tax expense	$	72,651		$	68,538		$	73,333

Components Of Deferred Tax Assets And (Liabilities)

Deferred tax assets (liabilities) are comprised of the following:

	December 29, 2012			December 31, 2011
	(Amounts in thousands)
Self-insurance	$	5,633		$	6,183
Compensation and employee benefits		11,612			12,045
Deferred income		6,697			6,519
Loss and credit carryforwards		31,187			36,270
Equity-based compensation		12,198			12,541
Hedging		2,578			9,345
Pension		54,843			53,199
Postretirement benefits		7,805			8,407
Other		13,453			13,338
Deferred tax assets valuation allowance		(4,545	)		(4,874	)
Deferred tax assets		141,461			152,973
Depreciation		(88,494	)		(90,174	)
Intangible assets		(60,304	)		(59,527	)
Other		(2,671	)		(2,383	)
Deferred tax liabilities		(151,469	)		(152,084	)
Net deferred tax (liability) asset	$	(10,008	)	$	889

Reconciliation Of Total Amounts Of Unrecognized Tax Benefits

The following is a reconciliation of the total amounts of unrecognized tax benefits for fiscal years 2012, 2011 and 2010:

	Fiscal 2012			Fiscal 2011			Fiscal 2010
	(Amounts in thousands)
Unrecognized tax benefit at beginning of fiscal year	$	8,709		$	4,823		$	4,629
Gross increases — tax positions in a current period		331			876			553
Gross increases — acquisitions		—			3,863			—
Lapses of statutes of limitations		(1,736	)		(853	)		(359	)
Unrecognized tax benefit at end of fiscal year	$	7,304		$	8,709		$	4,823