Income Taxes (Tables)

12 Months Ended

Dec. 28, 2013

Components of Income Tax Expense

The company’s provision for income tax expense consists of the following for fiscal years 2013, 2012 and 2011:

	Fiscal 2013			Fiscal 2012		Fiscal 2011
	(Amounts in thousands)
Current Taxes:
Federal	$	73,669		$	54,599	$	60,129
State		11,325			6,602		10,109
		84,994			61,201		70,238
Deferred Taxes:
Federal		7,970			9,703		(1,492	)
State		(1,485	)		1,747		(208	)
		6,485			11,450		(1,700	)
Income tax expense	$	91,479		$	72,651	$	68,538

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 2013, 2012, and 2011:

	Fiscal 2013			Fiscal 2012			Fiscal 2011
	(Amounts in thousands)
Tax at U.S. federal income tax rate	$	112,831		$	73,070		$	67,188
State income taxes, net of federal income tax benefit		6,396			5,427			6,546
Section 199 qualifying production activities benefit		(7,022	)		(5,407	)		(5,645	)
Bargain purchase		(17,524	)		—			—
Other		(3,202	)		(439	)		449
Income tax expense	$	91,479		$	72,651		$	68,538

Components of Deferred Tax Assets and (Liabilities)

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

	December 28, 2013			December 29, 2012
	(Amounts in thousands)
Self-insurance	$	7,227		$	5,633
Compensation and employee benefits		13,558			11,612
Deferred income		7,397			6,697
Loss and credit carryforwards		27,055			31,187
Equity-based compensation		14,402			12,198
Hedging		7,158			2,578
Pension		10,822			54,843
Postretirement benefits		7,595			7,805
Other		16,084			13,453
Deferred tax assets valuation allowance		(2,895	)		(4,545	)
Deferred tax assets		108,403			141,461
Depreciation		(86,235	)		(88,494	)
Intangible assets		(67,923	)		(60,304	)
Bargain purchase		(31,345	)		—
Other		(3,250	)		(2,671	)
Deferred tax liabilities		(188,753	)		(151,469	)
Net deferred tax (liability) asset	$	(80,350	)	$	(10,008	)

Reconciliation of Total Amounts of Unrecognized Tax Benefits

The following is a reconciliation of the total amounts of unrecognized tax benefits for fiscal years 2013, 2012 and 2011:

	Fiscal 2013			Fiscal 2012			Fiscal 2011
	(Amounts in thousands)
Unrecognized tax benefit at beginning of fiscal year	$	7,304		$	8,709		$	4,823
Gross increases — tax positions in a current period		—			331			876
Gross increases — acquisitions		500			—			3,863
Lapses of statutes of limitations		(2,995	)		(1,736	)		(853	)
Unrecognized tax benefit at end of fiscal year	$	4,809		$	7,304		$	8,709