Income Taxes (Tables)

12 Months Ended

Sep. 28, 2013

The income tax provision of all the legal entities included in the Partnership’s consolidated statement of operations, which is composed primarily of state income taxes in the few states that impose taxes on partnerships and minimum state income taxes on the Corporate Entities, consists of the following:

	Year Ended
	September 28,		September 29,		September 24,
	2013		2012		2011
Current
Federal	$	26	$	18	$	135
State and local		581		119		749
		607		137		884
Deferred		-		-		-
	$	607	$	137	$	884

Income tax reconciliation

The provision for income taxes differs from income taxes computed at the United States federal statutory rate as a result of the following:

	Year Ended
	September 28,			September 29,			September 24,
	2013			2012			2011

Income tax provision at federal statutory tax rate	$	27,792		$	271		$	40,548
Impact of Partnership income not subject to
federal income taxes		(35,187	)		(4,564	)		(39,952	)
Permanent differences		71			244			239
Transfer of assets to Corporate Entities		-			8,181			-
Change in valuation allowance		9,771			(3,567	)		(454	)
State income taxes		(1,135	)		339			492
Other		(705	)		(767	)		11
Provision for income taxes - current and deferred	$	607		$	137		$	884

Deferred tax assets and liabilities

The components of net deferred taxes and the related valuation allowance using currently enacted tax rates are as follows:

	As of
	September 28,			September 29,
	2013			2012
Deferred tax assets:
Net operating loss carryforwards	$	46,356		$	37,255
Allowance for doubtful accounts		878			652
Inventory		525			563
Intangible assets		577			927
Deferred revenue		2,188			2,631
Derivative instruments		109			71
AMT credit carryforward		1,086			1,086
Other accruals		2,062			1,926
Total deferred tax assets		53,781			45,111
Deferred tax liabilities:
Property, plant and equipment		7,375			8,476
Total deferred tax liabilities		7,375			8,476
Net deferred tax assets		46,406			36,635
Valuation allowance		(46,406	)		(36,635	)
Net deferred tax assets	$	-		$	-