INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of components of provision for income taxes

The components of the provision for income taxes for income from operations are as follows (in millions):



	Year Ended December 31, 2015			Year Ended January 1, 2015		Year Ended December 26, 2013
Federal:
Current	$	91.1		$	53.8	$	98.7
Deferred	(8.1		)	4.4		(11.0		)
Total Federal	83.0			58.2		87.7
State:
Current	19.9			13.0		20.1
Deferred	(2.8		)	2.2		(0.8		)
Total State	17.1			15.2		19.3
Total income tax provision	$	100.1		$	73.4	$	107.0

Reconciliation of provision for income taxes as reported and the amount computed using U.S. federal statutory rate

A reconciliation of the provision for income taxes as reported and the amount computed by multiplying the income before taxes and extraordinary item by the U.S. federal statutory rate of 35% was as follows (in millions):



	Year Ended December 31, 2015		Year Ended January 1, 2015		Year Ended December 26, 2013
Provision calculated at federal statutory income tax rate	$	88.7	$	62.5	$	92.6
State and local income taxes, net of federal benefit	11.1		9.7		12.5
Other	0.3		1.2		1.9
Total income tax provision	$	100.1	$	73.4	$	107.0

Schedule of components of the Company's net deferred tax asset

Significant components of the Company's net deferred tax asset consisted of the following at (in millions):



	December 31, 2015			January 1, 2015
Deferred tax assets:
Net operating loss carryforward	$	52.7		$	59.3
Excess of tax basis over book basis of fixed assets	36.8			13.1
Deferred revenue	176.9			177.4
Deferred rent	64.5			55.4
Other	16.0			16.3
Total deferred tax assets	346.9			321.5
Valuation allowance	(34.9		)	(34.8		)
Total deferred tax assets, net of valuation allowance	312.0			286.7
Deferred tax liabilities:
Excess of book basis over tax basis of intangible assets	(42.5		)	(32.0		)
Excess of book basis over tax basis of investments	(201.4		)	(200.3		)
Other	(9.7		)	(11.8		)
Total deferred tax liabilities	(253.6		)	(244.1		)
Net deferred tax asset	$	58.4		$	42.6

Reconciliation of change in unrecognized tax benefits

In accordance with the provisions of ASC Subtopic 740-10, a reconciliation of the change in the amount of unrecognized tax benefits during the years ended December 31, 2015 and January 1, 2015 was as follows (in millions):



	Year Ended December 31, 2015			Year Ended January 1, 2015
Beginning balance	$	13.6		$	13.6
Decreases related to prior year tax positions	(0.5		)	—
Increases related to current year tax positions	0.2			0.6
Lapse of statute of limitations	(0.2		)	(0.6		)
Ending balance	$	13.1		$	13.6