Income Taxes (Tables)

12 Months Ended

Apr. 02, 2016

The provision for income taxes for fiscal years 2016, 2015 and 2014 were as follows (in thousands):



	Fiscal Year
	2016			2015		2014
Current
Federal	$	15,070		$	8,277	$	7,630
State	1,350			882		913
Total current	16,420			9,159		8,543
Deferred
Federal	(987		)	3,937		586
State	54			414		(30		)
Total deferred	(933		)	4,351		556
Total income tax provision	$	15,487		$	13,510	$	9,099

Reconciliations of income taxes

A reconciliation of income taxes computed by applying the expected federal statutory income tax rates of 35% for fiscal years 2016, 2015 and 2014 to income before income taxes to the total income tax provision reported in the Consolidated Statements of Comprehensive Income is as follows (in thousands):



	Fiscal Year
	2016			2015			2014
Federal income tax at statutory rate	$	15,410		$	13,065		$	9,732
State income taxes, net of federal benefit	1,427			1,104			849
Tax credits	(941		)	(374		)	(319		)
Domestic production activities deduction	(889		)	(561		)	(783		)
Change in deferred tax rate	(136		)	92			(557		)
Other	616			184			177
Total income tax provision	$	15,487		$	13,510		$	9,099

Net current deferred tax assets and net long-term deferred tax liabilities

Net current deferred tax assets and net long-term deferred tax liabilities were as follows (in thousands):



	April 2, 2016			March 28, 2015
Net current deferred tax assets (liabilities)
Warranty reserves	$	5,019		$	3,714
Salaries and wages	2,501			2,354
Inventory	1,510			1,305
Prepaid expenses	(1,472		)	(774		)
Deferred revenue	1,206			1,132
Policy acquisition costs	(1,201		)	(1,136		)
Other	1,435			1,978
	$	8,998		$	8,573
Net long-term deferred tax (liabilities) assets
Goodwill	$	(24,635	)	$	(24,714	)
Loan discount	7,546			8,519
Property, plant, equipment and depreciation	(4,621		)	(4,970		)
Stock based compensation	2,784			2,648
Other intangibles	(2,418		)	(2,416		)
Deferred margin	1,562			1,117
Other	(829		)	(771		)
	$	(20,611	)	$	(20,587	)