Income Taxes (Tables)

12 Months Ended

Dec. 28, 2024

Schedule of Provisions for Income Taxes

The provisions for income taxes consisted of the following (in thousands):

	Fiscal Years
	2024			2023			2022
Current:
Federal	$	54,621		$	76,827		$	116,642
State		9,750			13,305			23,309
Foreign		999			1,278			1,958
Total current	$	65,370		$	91,410		$	141,909
Deferred:
Federal	$	(5,441	)	$	(8,410	)	$	(3,945	)
State		(1,549	)		701			(1,415	)
Total deferred	$	(6,990	)	$	(7,709	)	$	(5,360	)
Income taxes	$	58,380		$	83,701		$	136,549

Schedule of Deferred Tax Assets and Liabilities

Temporary differences and carryforwards which gave rise to deferred tax assets and liabilities consisted of the following (in thousands):

	Dec. 28, 2024		Dec. 30, 2023
Deferred tax assets:
Receivable valuations	$	7,899	$	6,616
Share-based payments		1,139		2,550
Self-insured claims		4,659		3,376
Other		11,411		10,412
Total deferred tax assets	$	25,108	$	22,954
Deferred tax liabilities:
Operating property	$	35,131	$	39,117
Goodwill		4,366		4,107
Other		3,213		3,718
Total deferred tax liabilities	$	42,710	$	46,942
Net deferred tax liability	$	17,602	$	23,988

Schedule of Income Taxes Calculated on Income from Before Income Taxes and Provision for Income Taxes

The following table summarizes the differences between income taxes calculated at the federal income tax rate of 21% on income before income taxes and the provisions for income taxes (in thousands):

	Fiscal Years
	2024			2023			2022
Income taxes at federal income tax rate	$	53,408		$	73,100		$	119,167
State income taxes, net of federal income tax benefit		6,637			11,250			16,596
Non-deductible executive compensation		1,063			2,309			3,552
Meals and entertainment exclusion		508			520			200
Research and development credits		(2,591	)		(1,672	)		(1,526	)
Share-based payments		(1,122	)		(2,832	)		(2,958	)
Other, net		477			1,026			1,518
Income taxes	$	58,380		$	83,701		$	136,549

Schedule for Gross Unrecognized Tax Benefits

The following table summarizes the rollforward of the total amounts of gross unrecognized tax benefits for fiscal years 2024 and 2023 (in thousands):

	Fiscal Years
	2024			2023
Gross unrecognized tax benefits – beginning of the year	$	5,454		$	3,726
Gross increases related to current year tax positions		598			953
Gross increases related to prior year tax positions		1,344			1,570
Lapse of statute of limitations		(825	)		(795	)
Gross unrecognized tax benefits – end of the year	$	6,571		$	5,454