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Income Taxes
3 Months Ended
Mar. 28, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The effective income tax rates were 40.1% for the twelve weeks ended March 28, 2017 compared to 41.2% for the twelve weeks ended March 22, 2016, respectively. The provision for income taxes consisted of income tax expense of $2.8 million for the twelve weeks ended March 28, 2017 and $2.1 million for the twelve weeks ended March 22, 2016, respectively.
The income tax expense related to the twelve weeks ended March 28, 2017 (Successor) is driven by the estimated effective income tax rate of 40.1% which primarily consists of statutory federal and state tax rates based on apportioned income, partially offset by federal targeted job credits. The income tax expense related to the twelve weeks ended March 22, 2016 is driven by the estimated effective income tax rate of 41.2% which primarily consists of statutory federal and state tax rates based on apportioned income, as well as providing for deferred tax liabilities for the excess of the amount for financial reporting over the tax basis of an investment in a domestic subsidiary, partially offset by federal targeted job credits.
Management believe it is more likely than not that all deferred tax assets will be realized and therefore no valuation allowance as of March 28, 2017 and January 3, 2017 is required.