v3.24.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of domestic and foreign components of income before income taxes
The following table presents the domestic and foreign components of income before income taxes for 2023, 2022 and 2021 (in thousands):
202320222021
Domestic income$91,218 $65,434 $115,221 
Foreign income12,455 18,335 35,727 
Total income$103,673 $83,769 $150,948 
Schedule of the provision for income taxes
A summary of the expense (benefit) for income tax follows (in thousands):
202320222021
Current:
Federal$20,742 $3,496 $10,591 
Foreign3,916 5,335 8,812 
State and local 2,207 2,791 2,837 
Deferred:
Federal(4,115)4,243 2,430 
Foreign(558)(1,152)769 
State and local (1,318)(293)554 
Total income tax expense$20,874 $14,420 $25,993 
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 31, 2023, December 25, 2022 and December 26, 2021 is as follows in both dollars and as a percentage of income before income taxes (dollars in thousands):
202320222021
Income Tax
Expense (Benefit)		Income
Tax Rate		Income Tax
Expense (Benefit)		Income
Tax Rate		Income Tax
Expense (Benefit)		Income
Tax Rate
Tax at U.S. federal statutory rate$21,771 21.0 %$17,591 21.0 %$31,699 21.0 %
State and local income taxes1,866 1.8 %1,422 1.7 %2,317 1.5 %
Foreign income taxes5,159 4.9 %4,672 5.6 %9,144 6.1 %
Income of consolidated partnerships attributable to noncontrolling interests(159)(0.2)%(355)(0.4)%(1,110)(0.7)%
Non-qualified deferred compensation plan expense (income)(752)(0.7)%1,278 1.5 %(911)(0.6)%
Excess tax (benefits) on equity awards(539)(0.5)%(3,902)(4.7)%(3,697)(2.5)%
Tax credits(7,003)(6.8)%(8,981)(10.7)%(8,830)(5.9)%
Non-deductible executive compensation1,341 1.3 %2,450 2.9 %2,636 1.7 %
Foreign-derived intangible income(1,263)(1.2)%(1,452)(1.7)%(1,519)(1.0)%
US deferred offset on foreign deferreds270 0.3 %1,183 1.4 %238 0.2 %
Other183 0.2 %514 0.6 %(3,974)(2.6)%
Total$20,874 20.1 %$14,420 17.2 %$25,993 17.2 %
Schedule of significant deferred tax assets (liabilities)
Significant deferred tax assets (liabilities) follow (in thousands):
December 31,
2023		December 25,
2022
Accrued liabilities$12,735 $17,424 
Accrued bonuses2,284 351 
Other liabilities and asset reserves15,315 14,607 
Equity awards7,988 7,905 
Lease liabilities45,550 45,646 
Other2,825 2,904 
Net operating losses13,759 11,738 
Foreign tax credit carryforwards23,888 20,198 
Total deferred tax assets124,344 120,773 
Valuation allowances(37,609)(32,052)
Total deferred tax assets, net of valuation allowances86,735 88,721 
Deferred expenses(5,719)(5,756)
Accelerated depreciation(23,012)(31,098)
Goodwill(7,881)(7,690)
Right-of-use assets(41,513)(41,892)
Other(1,071)(365)
Total deferred tax liabilities(79,196)(86,801)
Net deferred tax assets$7,539 $1,920 
Schedule of changes in valuation allowance on deferred tax
The following table summarizes changes in the Company’s valuation allowances on deferred tax (in thousands):
Balance at December 26, 2021
$28,598
Charged to costs and expenses3,454
Balance at December 25, 2022
$32,052
Charged to costs and expenses5,470
Other87
Balance at December 31, 2023
$37,609
Schedule of reconciliation of the liability for unrecognized tax benefits A reconciliation of the beginning and ending liability for unrecognized tax benefits excluding interest and penalties is as follows, which is recorded in Other long-term liabilities in the Consolidated Balance Sheets (in thousands):
Balance at December 26, 2021
$896 
Additions for tax positions of prior years331 
Reductions for tax positions of prior years(65)
Balance at December 25, 2022
$1,162 
Additions for tax positions of prior years217 
Reductions for tax positions of prior years(321)
Balance at December 31, 2023
$1,058