Income Taxes (Tables)

12 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of provisions for income taxes

The provisions for income taxes for fiscal 2019, 2018 and 2017 were as follows:

	2019			2018			2017
(In thousands)
Federal — current	$	6,956		$	7,024		$	11,472
State — current	2,748			1,834			2,546
Total current	9,704			8,858			14,018
Federal — deferred	(334		)	(14,393		)	(431		)
State — deferred	(273		)	(364		)	(94		)
Total deferred	(607		)	(14,757		)	(525		)
Total provision	$	9,097		$	(5,899	)	$	13,493

Schedule of effective income tax rate reconciliation

Reconciliations of the provisions for income taxes to the applicable federal statutory income tax rate for fiscal 2019, 2018 and 2017 are listed below.

	2019		2018		2017
Statutory federal income tax	21.0	%	31.5	%	35.0	%
State income taxes, net of federal deduction	5.8	%	(8.3	)%	4.8	%
ESOP dividend deduction on allocated shares	(0.3	)%	1.4	%	(0.7	)%
Domestic production deduction	—	%	2.7	%	(1.5	)%
Goodwill impairment	—	%	(81.7	)%	—	%
Revaluation of net deferred tax liabilities	—	%	92.5	%	—	%
Other — net	0.6	%	1.0	%	(0.2	)%
Total	27.1	%	39.1	%	37.4	%

Schedule of deferred tax assets and liabilities

The tax effects of items comprising our net deferred tax liability as of March 31, 2019 and April 1, 2018 are as follows:

(In thousands)	2019			2018
Deferred tax assets:
Trade receivables	$	167		$	254
Stock compensation accruals	654			593
Pension withdrawal liability	1,525			1,611
Other	1,853			1,619
Total deferred tax assets	$	4,199		$	4,077
Deferred tax liabilities:
Inventories	$	(3,272	)	$	(3,047	)
Prepaid expenses	(764		)	(756		)
Excess of tax over book depreciation	(10,000		)	(9,811		)
Intangible assets	(16,718		)	(17,625		)
Unrealized gain on interest rate swap	(118		)	(221		)
Total deferred tax liabilities	$	(30,872	)	$	(31,460	)
Net deferred tax liabilities	$	(26,673	)	$	(27,383	)