Income Taxes (Tables)

12 Months Ended

Dec. 29, 2019

Income Tax Disclosure [Abstract]

Schedule of reconciliation of provision for income taxes

The provision for income taxes was different from the U.S. federal statutory rate applied to income before taxes, and is reconciled as follows:

	Fiscal Years Ended
	December 29, 2019		December 30, 2018		December 31, 2017
Statutory rate	21.0	%	21.0	%	35.0	%
State and local income taxes, net	3.3	%	3.3	%	2.7	%
Reserves for tax exposures	0.2	%	0.3	%	0.4	%
International operations	1.1	%	0.9	%	(1.8	)%
Stock-based compensation	(0.2	)%	(0.2	)%	(1.0	)%
Impact of law and rate change	0.1	%	—	%	(17.7	)%
Other, net	0.8	%	0.1	%	0.5	%
Effective rate	26.3	%	25.4	%	18.1	%

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

	Fiscal Years Ended
	December 29, 2019			December 30, 2018			December 31, 2017
Income before income taxes:
Domestic	$	229.1		$	218.0		$	175.2
Foreign	33.1			28.2			21.8
Total	$	262.2		$	246.2		$	197.0
Income tax expense (benefit):
Current:
Federal	$	46.4		$	45.2		$	43.3
Foreign	10.1			8.3			6.6
State	11.9			11.9			6.9
Total current provision	68.4			65.4			56.8
Deferred:
Federal	1.5			(1.3		)	(22.9		)
Foreign	(0.8		)	(0.5		)	(0.8		)
State	(0.1		)	(1.1		)	2.5
Total deferred provision	0.6			(2.9		)	(21.2		)
Income tax expense	$	69.0		$	62.5		$	35.6

Schedule of components of income before income taxes

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

	Fiscal Years Ended
	December 29, 2019			December 30, 2018			December 31, 2017
Income before income taxes:
Domestic	$	229.1		$	218.0		$	175.2
Foreign	33.1			28.2			21.8
Total	$	262.2		$	246.2		$	197.0
Income tax expense (benefit):
Current:
Federal	$	46.4		$	45.2		$	43.3
Foreign	10.1			8.3			6.6
State	11.9			11.9			6.9
Total current provision	68.4			65.4			56.8
Deferred:
Federal	1.5			(1.3		)	(22.9		)
Foreign	(0.8		)	(0.5		)	(0.8		)
State	(0.1		)	(1.1		)	2.5
Total deferred provision	0.6			(2.9		)	(21.2		)
Income tax expense	$	69.0		$	62.5		$	35.6

Schedule of deferred tax assets (liabilities)

Deferred tax assets and deferred tax liabilities are comprised of the following: (in millions):

	December 29, 2019			December 30, 2018
Gross deferred tax assets:
Right-of-use liabilities	$	197.6		$	—
Allowances for accounts receivable	0.9			0.6
Accruals and liabilities	2.3			50.1
Employee benefits and compensation	2.8			4.1
Other	1.8			1.8
Total deferred tax assets	205.4			56.6
Deferred tax asset valuation allowance	—			—
Total	205.4			56.6
Gross deferred tax liabilities:
Right-of-use assets	(185.8		)	—
Property and equipment	(8.8		)	(43.4		)
Goodwill and intangible assets	(62.9		)	(64.8		)
Other	(11.6		)	(11.5		)
Total	(269.1		)	(119.7		)
Net deferred tax liabilities	$	(63.7	)	$	(63.1	)

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):

	December 29, 2019			December 30, 2018
Balance at beginning of period	$	3.0		$	2.0
Increase in current year tax positions	1.1			1.0
Lapse in statute of limitations	(0.6		)	—
Balance at end of period	$	3.5		$	3.0