Income Taxes (Tables)

12 Months Ended

Dec. 28, 2012

Income Tax Disclosure [Abstract]

Total Income Tax Expense

Total income tax expense for the fiscal years ended December 28, 2012, December 30, 2011 and December 31, 2010 consisted of the following:

	Fiscal Years
(In thousands)	2012			2011			2010
Current
Federal	$	23,562		$	20,544		$	17,383
Foreign		852			656			758
State		4,304			4,587			4,275
		28,718			25,787			22,416
Deferred
Federal		(3,378	)		(3,013	)		(2,474	)
State		(816	)		(650	)		(755	)
		(4,194	)		(3,663	)		(3,229	)
Total	$	24,524		$	22,124		$	19,187

Effective Tax Rate

The Company’s effective tax rate differs from the statutory federal tax rate of 35% as shown in the following schedule:

	Fiscal Years
(In thousands)	2012			2011			2010
Tax at federal statutory rate	$	21,612		$	19,187		$	16,347
State taxes, net of federal benefit		2,409			2,568			2,361
Tax exempt interest income		(104	)		(74	)		(62	)
Non-deductible expenses		296			240			205
Non-deductible stock-based compensation		(40	)		12			34
Other		351			191			302
Tax expense	$	24,524		$	22,124		$	19,187
Effective tax rate		39.7	%		40.4	%		41.1	%

Significant Portions of Deferred Tax Assets And Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 28, 2012 and December 30, 2011 are presented in the following schedule:

	Fiscal Years
(In thousands)	2012			2011
Deferred tax assets:
Accrued liabilities and allowances	$	14,503		$	13,288
Deferred compensation		17,252			13,916
Total deferred tax assets		31,755			27,204
Deferred tax liabilities:
State taxes		(1,099	)		(1,095	)
Deductible goodwill		(2,829	)		(2,724	)
Property, equipment and leasehold improvements		(500	)		(866	)
Other		(1,311	)		(534	)
Total deferred tax liabilities		(5,739	)		(5,219	)
Net deferred tax assets	$	26,016		$	21,985

Reconciliation of Beginning And Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

Balance at December 31, 2010	$	376,000
Additions based on tax positions related to the current year		83,000
Additions for tax positions of prior years		-
Reductions due to lapse of statute of limitations		(55,000	)
Reductions due to change in accounting method		(16,000	)
Settlements		-
Balance at December 30, 2011	$	388,000
Additions based on tax positions related to the current year		275,000
Additions for tax positions of prior years		317,000
Reductions due to lapse of statute of limitations		(72,000	)
Reductions due to change in accounting method		-
Settlements		-
Balance at December 28, 2012	$	908,000