Income Taxes (Tables)

12 Months Ended

Dec. 29, 2021

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes is based on the following components (in thousands):

	December 29,		December 30,		December 25,
For the Years Ended	2021		2020		2019
Current income taxes:
Federal	$	7,163	$	520	$	—
State		2,158		1,123		104
Total current		9,321		1,643		104
Deferred income taxes:
Federal		93		3,350		5,991
State		918		658		3,587
Total deferred		1,011		4,008		9,578
Tax provision for income taxes	$	10,332	$	5,651	$	9,682

Schedule of Effective Income Tax rate

The provision for income taxes differs from the amount computed by applying the federal income tax rate of 21.0% for fiscal 2021, 2020 and 2019 as follows:

	December 29,		December 30,		December 25,
For the Years Ended	2021		2020		2019
Statutory federal income tax rate applied to earnings before income taxes and extraordinary items	21.0	%	21.0	%	21.0	%
State income tax expense (net of federal benefit)	5.9		4.3		6.0
Change in valuation allowance	0.1		0.4		2.4
162(m)	0.8		0.2		0.3
WOTC Credit	(0.5)		(0.9)		(0.8)
Stock option exercises	(1.4)		(6.6)		(1.0)
Other	0.3		0.4		—
Total	26.2	%	18.8	%	27.9	%

Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities as of December 29, 2021 and December 30, 2020 are summarized below.

	December 29,		December 30,
	2021		2020
Deferred assets:
Capital leases	$	60	$	27
Accrued vacation		503		506
Accrued workers’ compensation		2,616		1,894
Enterprise zone and other credits		7,524		8,579
Net operating losses		5		5
Fixed assets		4,393		4,643
ROU assets		51,864		53,875
Other		5,694		6,349
Total deferred tax assets		72,659		75,878
Valuation allowance		(6,181)		(6,127)
Net deferred tax assets		66,478		69,751
Deferred liabilities:
Goodwill		(6,349)		(6,218)
Trademark		(16,727)		(16,773)
Prepaid expense		(498)		(720)
ROU liabilities		(46,484)		(48,005)
Other		361		(96)
Deferred tax liabilities		(69,697)		(71,812)
Net deferred tax liability	$	(3,219)	$	(2,061)

Schedule of Deferred Tax Assets Classification

The net deferred tax asset amounts above as of December 29, 2021 and December 30, 2020 have been classified in the accompanying consolidated balance sheets as noncurrent assets and are as follows (in thousands):

	December 29,		December 30,
	2021		2020
Noncurrent:
Assets - state	$	2,245	$	3,166
Liabilities - federal		(5,464)		(5,227)
Net deferred tax liability	$	(3,219)	$	(2,061)