Income Taxes (Tables)
|6 Months Ended|
Jun. 28, 2020
|Income Tax Disclosure [Abstract]|
|Schedule of Effective Income Tax Rate Reconciliation||
The following is a reconciliation of the expected federal income taxes at the statutory rates of 21% for the thirteen and twenty-six weeks ended June 28, 2020 and June 30, 2019:
(a) Reflects the tax benefit recorded in the quarter associated with a carryback of federal net operating losses due to the CARES Act administrative correction of the deprecation recovery period for QIP.
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef