Income Taxes (Tables)

12 Months Ended

Dec. 25, 2016

Income Taxes

Summary of the Provision for Income Taxes

A summary of the provision for income taxes follows (in thousands):

	2016		2015		2014
Current:
Federal	$	32,477	$	36,077	$	26,919
Foreign		2,669		4,183		2,368
State and local		2,947		3,169		2,849
Deferred		11,624		(6,246)		4,422
Total	$	49,717	$	37,183	$	36,558

Schedule of Significant Deferred Tax Assets (Liabilities)

Significant deferred tax assets (liabilities) follow (in thousands):

	December 25,		December 27,
	2016		2015
Accrued liabilities	$	14,479	$	19,277
Accrued bonuses		5,399		4,621
Other assets and liabilities		12,434		11,488
Equity awards		7,704		6,866
Other		3,716		3,662
Foreign net operating losses		3,418		4,769
Foreign tax credit carryforwards		2,347		—
Total deferred tax assets		49,497		50,683
Valuation allowance on foreign net operating and capital losses, foreign deferred tax assets, and foreign tax credit carryforwards		(5,462)		(2,866)
Total deferred tax assets, net of valuation allowances		44,035		47,817
Deferred expenses		(9,544)		(6,861)
Accelerated depreciation		(25,072)		(21,434)
Goodwill		(18,480)		(16,752)
Other		(217)		(4,965)
Total deferred tax liabilities		(53,313)		(50,012)
Net deferred liability	$	(9,278)	$	(2,195)

Schedule of Reconciliation of Income Tax Computed at the U.S. Federal Statutory Rate to Income Tax Expense

The reconciliation of income tax computed at the U.S. federal statutory rate to income tax expense for the years ended December 25, 2016, December 27, 2015 and December 28, 2014 is as follows in both dollars and as a percentage of income before income taxes ($ in thousands):

	2016				2015				2014
	Income Tax		Income		Income Tax		Income		Income Tax		Income
	Expense		Tax Rate		Expense		Tax Rate		Expense		Tax Rate
Tax at U.S. federal statutory rate	$	55,583	35.0	%	$	41,702	35.0	%	$	39,989	35.0	%
State and local income taxes		2,972	1.9	%		2,106	1.8	%		1,896	1.7	%
Foreign income taxes		3,143	2.0	%		2,432	2.0	%		2,368	2.1	%
Income of consolidated partnerships attributable to noncontrolling interests		(2,312)	(1.4)	%		(2,311)	(1.9)	%		(1,608)	(1.4)	%
Non-qualified deferred compensation plan (income) loss		(428)	(0.3)	%		218	0.2	%		(171)	(0.2)	%
Tax credits		(6,771)	(4.3)	%		(4,846)	(4.1)	%		(3,906)	(3.4)	%
Other		(2,470)	(1.6)	%		(2,118)	(1.8)	%		(2,010)	(1.8)	%
Total	$	49,717	31.3	%	$	37,183	31.2	%	$	36,558	32.0	%

Schedule of Reconciliation of the Beginning and Ending Liability for Unrecognized Tax Benefits

The Company had $4.8 million of unrecognized tax benefits at December 25, 2016 of which, if recognized, would affect the effective tax rate. A reconciliation of the beginning and ending liability for unrecognized tax benefits excluding interest and penalties is as follows, which is recorded as an other long-term liability (in thousands):

Balance at December 28, 2014	$	4,328
Additions for tax positions of current year		529
Additions for tax positions of prior years		2,005
Reductions for lapse of statute of limitations		(1,192)
Balance at December 27, 2015		5,670
Additions for tax positions of current year		126
Additions for tax positions of prior years		183
Reductions for lapse of statute of limitations		(1,152)
Balance at December 25, 2016	$	4,827