Income Taxes (Tables)

12 Months Ended

Dec. 25, 2016

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations between the effective tax rate on income from continuing operations before income taxes and the federal statutory rate are presented below.



	December 25, 2016					December 27, 2015					December 28, 2014
(In thousands)	Amount			% of Pre-tax		Amount			% of Pre-tax		Amount			% of Pre-tax
Tax at federal statutory rate	$	10,685		35.0		$	33,863		35.0		$	10,448		35.0
State and local taxes, net	3,095			10.1		5,093			5.2		4,620			15.5
Effect of enacted changes in tax laws	—			—		1,801			1.8		1,393			4.7
Reduction in uncertain tax positions	(4,534		)	(14.9	)	(2,545		)	(2.6	)	(21,147		)	(70.8	)
Loss/(gain) on Company-owned life insurance	(736		)	(2.4	)	75			0.1		(1,250		)	(4.2	)
Nondeductible expense, net	1,115			3.7		880			0.9		1,847			6.2
Domestic manufacturing deduction	(1,820		)	(6.0	)	(2,651		)	(2.7	)	—			—
Foreign Earnings and Dividends	(2,418		)	(7.9	)	(1,214		)	(1.3	)	453			1.5
Other, net	(966		)	(3.2	)	(1,392		)	(1.4	)	95			0.3
Income tax expense/(benefit)	$	4,421		14.4		$	33,910		35.0		$	(3,541	)	(11.8	)

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense as shown in our Consolidated Statements of Operations were as follows:



(In thousands)	December 25, 2016			December 27, 2015			December 28, 2014
Current tax expense/(benefit)
Federal	$	22,864		$	41,199		$	17,397
Foreign	312			485			583
State and local	(3,295		)	5,919			(25,625		)
Total current tax expense/(benefit)	19,881			47,603			(7,645		)
Deferred tax expense
Federal	(16,625		)	(14,554		)	4,014
State and local	1,165			861			90
Total deferred tax (benefit)/expense	(15,460		)	(13,693		)	4,104
Income tax expense/(benefit)	$	4,421		$	33,910		$	(3,541	)

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax assets and liabilities recognized in our Consolidated Balance Sheets were as follows:



(In thousands)	December 25, 2016		December 27, 2015
Deferred tax assets
Retirement, postemployment and deferred compensation plans	$	275,611	$	309,711
Accruals for other employee benefits, compensation, insurance and other	34,466		32,731
Accounts receivable allowances	2,450		1,690
Net operating losses	2,598		38,703
Investment in joint ventures	5,329		—
Other	39,943		44,099
Gross deferred tax assets	360,397		426,934
Valuation allowance	—		(36,204		)
Net deferred tax assets	$	360,397	$	390,730
Deferred tax liabilities
Property, plant and equipment	$	46,284	$	57,065
Intangible assets	11,975		10,790
Investments in joint ventures	—		11,694
Other	796		2,039
Gross deferred tax liabilities	59,055		81,588
Net deferred tax asset	$	301,342	$	309,142

Summary of Income Tax Contingencies

A reconciliation of unrecognized tax benefits is as follows:



(In thousands)	December 25, 2016			December 27, 2015			December 28, 2014
Balance at beginning of year	$	13,941		$	16,324		$	46,058
Gross additions to tax positions taken during the current year	997			1,151			2,116
Gross additions to tax positions taken during the prior year	—			282			—
Gross reductions to tax positions taken during the prior year	(3,042		)	(37		)	(12,109		)
Reductions from settlements with taxing authorities	—			—			(7,114		)
Reductions from lapse of applicable statutes of limitations	(1,868		)	(3,779		)	(12,627		)
Balance at end of year	$	10,028		$	13,941		$	16,324