Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 30, 2018
Income Tax Disclosure [Abstract]  
Provision for Federal and State Income Taxes
The provision for federal and state income taxes for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 consisted of the following:
 
2018
 
2017
 
2016
Current:
 
 
 
 
 
Federal
$
435

 
$
972

 
$
2,933

State
1,048

 
859

 
613

Total current income tax expense
1,483

 
1,831

 
3,546

Deferred:
 
 
 
 
 
Federal
(3,643
)
 
(7,761
)
 
2,827

State
(194
)
 
430

 
661

Total deferred income tax (benefit) expense
(3,837
)
 
(7,331
)
 
3,488

Total income tax (benefit) expense
$
(2,354
)
 
$
(5,500
)
 
$
7,034

Schedule of Deferred Tax Assets and Liabilities
Temporary differences between tax and financial reporting basis of assets and liabilities which give rise to the deferred income tax assets (liabilities) and their related tax effects as of December 30, 2018 and December 31, 2017 are as follows:
 
2018
 
2017
Deferred tax assets:
 
 
 
Accrued liabilities
$
13,610

 
$
12,819

General business tax credits
16,048

 
13,653

Stock-based compensation
1,005

 
1,024

Other
213

 
238

Total deferred tax assets
30,876

 
27,734

Deferred tax liability:
 
 
 
Intangibles
(7,996
)
 
(7,394
)
Prepaid expenses
(1,358
)
 
(1,339
)
Property and equipment
(24,123
)
 
(25,439
)
Total deferred tax liabilities
(33,477
)
 
(34,172
)
Deferred tax liabilities, net
$
(2,601
)
 
$
(6,438
)
Reconciliation of Federal Statutory Tax Expense to Effective Income Tax Expense
The following is a reconciliation of the expected federal income taxes at the statutory rates of 21% for the fiscal year ended December 30, 2018 and 35% for the fiscal years ended December 31, 2017 and December 25, 2016 to the actual provision for income taxes:
 
2018
 
2017
 
2016
Expected income tax expense
$
669

 
$
8,210

 
$
8,497

State tax expense, net of federal benefit
675

 
838

 
829

FICA tip credit
(3,411
)
 
(2,250
)
 
(1,936
)
Deferred tax balance adjustment
173

 
(11,696
)
 

Other
(460
)
 
(602
)
 
(356
)
Income tax (benefit) expense
$
(2,354
)
 
$
(5,500
)
 
$
7,034