INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2022

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

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

	December 28,		December 29,		December 30,
For the Years Ended	2022		2021		2020
Current income taxes:
Federal	$	2,366	$	7,163	$	520
State		1,112		2,158		1,123
Total current		3,478		9,321		1,643
Deferred income taxes:
Federal		2,958		93		3,350
State		1,642		918		658
Total deferred		4,600		1,011		4,008
Tax provision for income taxes	$	8,078	$	10,332	$	5,651

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 2022, 2021 and 2020 as follows:

	December 28,		December 29,		December 30,
For the Years Ended	2022		2021		2020
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)	7.7		5.9		4.3
Change in valuation allowance	—		0.1		0.4
TRA (income) expense	(0.3)		—		—
162(m)	0.5		0.8		0.2
WOTC Credit	(0.9)		(0.5)		(0.9)
Stock option exercises	0.3		(1.4)		(6.6)
Other	(0.3)		0.3		0.4
Total	28.0	%	26.2	%	18.8	%

Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities as of December 28, 2022 and December 29, 2021 are summarized below.

	December 28,		December 29,
	2022		2021
Deferred assets:
Capital leases	$	55	$	60
Accrued vacation		508		503
Accrued workers’ compensation		2,201		2,616
Enterprise zone and other credits		7,258		7,524
Net operating losses		5		5
Fixed assets		2,392		4,393
ROU assets		50,112		51,864
Other		4,397		5,694
Total deferred tax assets		66,928		72,659
Valuation allowance		(6,727)		(6,181)
Net deferred tax assets		60,201		66,478
Deferred liabilities:
Goodwill		(6,420)		(6,349)
Trademark		(16,721)		(16,727)
Prepaid expense		(595)		(498)
ROU liabilities		(44,737)		(46,484)
Other		267		361
Deferred tax liabilities		(68,206)		(69,697)
Net deferred tax liability	$	(8,005)	$	(3,219)

Schedule of Deferred Tax Assets Classification

The net deferred tax asset amounts above as of December 28, 2022 and December 29, 2021 have been classified in the accompanying consolidated balance sheets as noncurrent assets and are as follows (in thousands):

	December 28,		December 29,
	2022		2021
Noncurrent:
Assets - state	$	512	$	2,245
Liabilities - federal		(8,517)		(5,464)
Net deferred tax liability	$	(8,005)	$	(3,219)