Income Taxes (Tables)

12 Months Ended

Sep. 26, 2020

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 26,			September 28,		September 29,
	2020			2019		2018
Current
Federal	$	4		$	67	$	7
State and local		346			790		473
		350			857		480
Deferred		(496	)		—		(1,086	)
	$	(146	)	$	857	$	(606	)

Income tax reconciliation

The provision for income taxes differs from income taxes computed at the U.S. federal statutory rate as a result of the following:

	Year Ended
	September 26,			September 28,			September 29,
	2020			2019			2018
Income tax provision at federal statutory tax rate	$	12,728		$	14,593		$	15,945
Impact of Partnership income not subject to federal income taxes		(13,045	)		(14,925	)		(15,939	)
Permanent differences		127			162			65
Change in valuation allowance		(298	)		115			(21,307	)
State income taxes		403			707			656
Remeasurement of net deferred tax assets (1)		—			—			19,941
Other		(61	)		205			33
Provision for income taxes - current and deferred	$	(146	)	$	857		$	(606	)

Deferred tax assets and liabilities

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

	Year Ended
	September 26,			September 28,
	2020			2019
Deferred tax assets:
Net operating loss carryforwards	$	38,217		$	38,914
Allowance for doubtful accounts		156			170
Inventory		250			231
Deferred revenue		575			615
AMT credit carryforward		—			513
Other accruals		2,092			1,416
Total deferred tax assets		41,290			41,859
Deferred tax liabilities:
Intangible assets		1,197			1,205
Property, plant and equipment		1,899			2,145
Total deferred tax liabilities		3,096			3,350
Net deferred tax assets		38,194			38,509
Valuation allowance		(37,698	)		(37,996	)
Net deferred tax assets	$	496		$	513