Income Taxes (Tables)

12 Months Ended

Sep. 28, 2013

Income Taxes

Schedule of reasons for which income tax provision (benefit) differs from that computed using the statutory federal income tax rates

	(000’s omitted)
	2013			2012			2011
Federal taxes at statutory rate	$	6,234		$	5,166		$	(330	)
State taxes, net of federal tax benefit	634			1,104			(170		)
Federal manufacturer’s deduction	(518		)	(458		)	(390		)
Tax credits	(53		)	(235		)	(181		)
Transaction costs	226			—			—
Change in fair value of earnout	91			—			—
Other	(24		)	18			(5		)
Total	$	6,590		$	5,595		$	(1,076	)

Schedule of provision for income taxes

		(000’s omitted)
		2013			2012		2011
Current:	Federal	$	4,906		$	3,977	$	3,735
	State	958			1,055		668
		5,864			5,032		4,403
Deferred:	Federal	739			90		(4,417		)
	State	(13		)	473		(1,062		)
		726			563		(5,479		)
Total		$	6,590		$	5,595	$	(1,076	)

Summary of significant components of deferred tax assets and liabilities

	(000’s omitted)
	2013			2012
Current deferred tax assets (liabilities):
Vacation accrual not currently deductible	$	736		$	767
Other accruals not currently deductible	528			684
State NOL and credit carryforwards	299			0
Deferred Revenue	(450		)	0
Non-deductible reserves	2,970			3,158
Other	54			58
Total current deferred tax assets	4,137			4,667
Valuation allowances	(183		)	(394		)
Total current deferred tax assets, net	3,954			4,273
Non-current deferred tax assets (liabilities):
Deferred compensation arrangements	1,709			1,646
Goodwill and other intangibles	6,069			8,506
Accelerated depreciation	(6,816		)	(7,898		)
State NOL and credit carryforwards	4,045			3,497
Pension obligation (Note N)	302			217
Restructuring reserve	895			1,141
Other	496			543
Total non-current deferred tax assets	6,700			7,652
Valuation allowances	(3,873		)	(4,201		)
Total non-current deferred tax assets (liabilities), net	2,827			3,451
Total deferred tax assets	$	6,781		$	7,724