v3.24.1.1.u2
Income Taxes (Tables)
12 Months Ended
Dec. 30, 2023
Income Tax Disclosure [Abstract]  
Provision For Income Taxes, Current And Deferred
Provision for income taxes consisted of the following:
CurrentDeferredTotal
2023
Federal$20,363 $(36,935)$(16,572)
State6,137 (11,321)(5,184)
Foreign23,394 474 23,868 
$49,894 $(47,782)$2,112 
2022
Federal$81,564 $12,609 $94,173 
State15,902 5,546 21,448 
Foreign25,966 (1,627)24,339 
$123,432 $16,528 $139,960 
2021
Federal$83,979 $47,558 $131,537 
State22,927 10,240 33,167 
Foreign20,186 988 21,174 
$127,092 $58,786 $185,878 
Schedule Of Effective Income Tax Rate Reconciliation
The provision for income taxes differed from the amount computed by applying the federal statutory income tax rate due to:
Year Ended
December 30, 2023December 31, 2022January 1, 2022
Income before provision for income taxes at statutory U.S. federal income tax rate (21% for 2023, 2022 and 2021)
$6,689 $126,730 $163,965 
State income taxes, net of federal income tax
(4,962)16,222 27,517 
Other, net385 (2,992)(5,604)
Provision for income taxes$2,112 $139,960 $185,878 
Schedule Of Deferred Tax Assets and Liabilities
Temporary differences that give rise to significant deferred income tax assets (liabilities) were as follows:
December 30, 2023December 31, 2022
Deferred income tax assets:
Accrued expenses not currently deductible for tax$22,377 $19,589 
Share-based compensation10,698 12,642 
Accrued medical and workers compensation9,704 13,666 
Net operating loss carryforwards3,273 3,577 
Operating lease liabilities670,030 678,432 
Other, net13,602 9,291 
Total deferred income tax assets before valuation allowances729,684 737,197 
Less: Valuation allowance(5,179)(5,036)
Total deferred income tax assets724,505 732,161 
Deferred income tax liabilities:
Property and equipment(91,084)(125,651)
Inventories(219,446)(226,499)
Intangible assets(136,366)(137,464)
Operating lease right-of-use assets(640,151)(653,296)
Total deferred income tax liabilities(1,087,047)(1,142,910)
Net deferred income tax liabilities$(362,542)$(410,749)
Unrecognized Tax Benefits he following table summarizes the activity of our gross unrecognized tax benefits:
December 30, 2023December 31, 2022January 1, 2022
Unrecognized tax benefits, beginning of period$15,211 $20,979 $26,967 
Increases related to prior period tax positions245 75 484 
Decreases related to prior period tax positions— (261)(849)
Increases related to current period tax positions563 928 2,240 
Settlements— (256)(2,993)
Expiration of statute of limitations(4,829)(6,254)(4,870)
Unrecognized tax benefits, end of period$11,190 $15,211 $20,979