XML 28 R17.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes
3 Months Ended
Mar. 26, 2019
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The effective income tax rates were 28.0% and 27.1% for the twelve weeks ended March 26, 2019 and March 27, 2018, respectively. The provision for income taxes was $0.6 million and $1.2 million for the twelve weeks ended March 26, 2019 and March 27, 2018, respectively.
The income tax expense for the twelve weeks ended March 26, 2019 is driven by the estimated effective income tax rate of 28.0% which primarily consists of statutory federal and state tax rates based on apportioned income and the impact of non-tax deductible compensation to executives, partially offset by federal targeted job credits. The income tax expense for the twelve weeks ended March 27, 2018 is driven by the estimated effective income tax rate of 27.1% which primarily consists of statutory federal and state tax rates based on apportioned income and the impact of non-tax deductible compensation to executives, partially offset by federal targeted job credits.
Management believes it is more likely than not that all deferred tax assets will be realized and therefore no valuation allowance as of March 26, 2019 and January 1, 2019 is required.