Income Taxes (Tables)

12 Months Ended

Dec. 28, 2019

Income Tax Disclosure [Abstract]

Provision For Income Taxes, Current And Deferred

Provision for income taxes consists of the following:

(in thousands)	Current		Deferred			Total
2019
Federal	$	84,490	$	13,618		$	98,108
State	26,924		8,117			35,041
Foreign	16,288		1,413			17,701
	$	127,702	$	23,148		$	150,850
2018
Federal	$	72,598	$	14,745		$	87,343
State	19,571		3,439			23,010
Foreign	23,292		(2,228		)	21,064
	$	115,461	$	15,956		$	131,417
2017
Federal	$	146,855	$	(146,741	)	$	114
State	31,352		(3,437		)	27,915
Foreign	17,810		(1,085		)	16,725
	$	196,017	$	(151,263	)	$	44,754

Schedule Of Effective Income Tax Rate Reconciliation

The provision for income taxes differed from the amount computed by applying the federal statutory income tax rate due to:

	Year Ended
(in thousands)	December 28, 2019			December 29, 2018			December 30, 2017
Income before provision for income taxes at statutory U.S. federal income tax rate (21% for 2019 and 2018 and 35% for 2017)	$	133,927		$	116,605		$	182,091
State income taxes, net of federal income tax benefit	27,682			18,178			18,145
Impact of the Act	—			(5,655		)	(143,756		)
Other, net	(10,759		)	2,289			(11,726		)
	$	150,850		$	131,417		$	44,754

Schedule Of Deferred Tax Assets and Liabilities

Temporary differences that give rise to significant deferred income tax assets (liabilities) are as follows:

(in thousands)	December 28, 2019			December 29, 2018
Deferred income tax assets:
Accrued expenses not currently deductible for tax	$	38,064		$	40,066
Share-based compensation	9,540			7,780
Accrued medical and workers compensation	22,202			34,430
Net operating loss carryforwards	5,565			7,423
Operating lease liabilities	627,707			21,091
Other, net	8,430			8,390
Total deferred income tax assets before valuation allowances	711,508			119,180
Less: Valuation allowance	(3,592		)	(8,694		)
Total deferred income tax assets	707,916			110,486
Deferred income tax liabilities:
Property and equipment	(116,277		)	(92,505		)
Inventories	(183,428		)	(196,772		)
Intangible assets	(136,078		)	(139,562		)
Operating lease right-of-use assets	(606,146		)	—
Total deferred income tax liabilities	(1,041,929		)	(428,839		)
Net deferred income tax liabilities	$	(334,013	)	$	(318,353	)

Unrecognized Tax Benefits

The following table summarizes the activity of our gross unrecognized tax benefits:

(in thousands)	December 28, 2019			December 29, 2018			December 30, 2017
Unrecognized tax benefits, beginning of period	$	30,824		$	22,665		$	13,946
Increases related to prior period tax positions	4,243			5,435			8,077
Decreases related to prior period tax positions	(2,277		)	(1,356		)	(2,331		)
Increases related to current period tax positions	3,741			5,425			5,644
Settlements	(331		)	(14		)	(1,496		)
Expiration of statute of limitations	(6,438		)	(1,331		)	(1,175		)
Unrecognized tax benefits, end of period	$	29,762		$	30,824		$	22,665