XML 97 R84.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended 18 Months Ended 21 Months Ended
Dec. 31, 2015
Oct. 04, 2015
Jul. 04, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 28, 2014
Jun. 29, 2014
Oct. 04, 2015
Dec. 31, 2015
Mar. 31, 2015
Mar. 31, 2014
Sep. 28, 2014
Dec. 31, 2014
Current:                          
Federal                 $ 27,068 $ 21,321 $ 43,358    
State                 2,258 3,508 1,562    
Deferred:                          
Federal                 55,301 17,314 (110,792)    
State                 2,286 (4,844) (8,547)    
Income taxes $ 21,127 $ 37,980 $ 27,806 $ (4,223) $ 12,748 $ 13,763 $ 15,011 $ 65,785 $ 86,913 [1] $ 37,299 [1] $ (74,419) [1] $ 28,774 $ 41,521
Items responsible for the differences between the federal statutory rate and ATK's effective rate                          
Statutory federal income tax rate                 35.00% 35.00% 35.00%    
State income taxes, net of federal impact                 2.10% (0.10%) 7.20%    
Domestic manufacturing deduction                 (1.50%) (5.60%) 3.90%    
Goodwill impairment                 0.00% 11.20% 0.00%    
Research and development tax credit                 (5.20%) (3.20%) 2.70%    
Change in prior year contingent tax liabilities                 1.00% (3.70%) 7.10%    
Nondeductible transaction costs                 0.00% 7.20% 0.00%    
Other                 (1.10%) (3.30%) (1.90%)    
Change in valuation allowance                 1.60% (2.70%) (0.30%)    
Income tax provision                 31.90% 34.80% 53.70%    
Components of Deferred Tax Assets [Abstract]                          
Retirement benefits 306,008     344,674         $ 306,008 $ 344,674      
Federal carryforwards 35,957     10,269         35,957 10,269      
Other 42,733     49,082         42,733 49,082      
Other reserves 25,676     28,697         25,676 28,697      
Accruals for employee benefits 41,719     46,691         41,719 46,691      
Inventory 14,206     10,893         14,206 10,893      
Contract method of revenue recognition 108,513     134,329         108,513 134,329      
Total deferred income tax assets before valuation allowance 574,812     624,635         574,812 624,635      
Valuation allowance (13,190)     (8,836)         (13,190) (8,836)      
Total deferred income tax assets 561,622     615,799         561,622 615,799      
Components of Deferred Tax Liabilities [Abstract]                          
Intangible assets (98,300)     (114,598)         (98,300) (114,598)      
Property, plant and equipment (129,188)     (123,154)         (129,188) (123,154)      
Debt-related (15,596)     (21,290)         (15,596) (21,290)      
Total deferred income tax liabilities (243,084)     (259,042)         (243,084) (259,042)      
Net deferred income tax assets $ 318,538     $ 356,757         $ 318,538 $ 356,757      
[1] See Note 2 - Restatement