Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.21.1
Income Taxes (Tables)
3 Months Ended
Mar. 28, 2021
Income Tax Disclosure [Abstract]  
Reconciliation of the expected income taxes
The following is a reconciliation of the expected federal income taxes at the statutory rates of 21%:
Thirteen Weeks Ended
March 28, 2021 March 29, 2020
Expected income tax expense (benefit) $ 1,247  $ (3,763)
State tax expense, net of federal benefit 277  (305)
FICA tip credit (1,120) (1,253)
Deferred tax balance adjustment (a) —  (533)
Stock compensation (1,329) 342 
Other 208  — 
Income tax benefit $ (717) $ (5,512)
(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 qualified improvement property.