Income Taxes (Tables)

12 Months Ended

Sep. 25, 2021

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 25,		September 26,			September 28,
	2021		2020			2019
Current
Federal	$	7	$	4		$	67
State and local		1,001		346			790
		1,008		350			857
Deferred		102		(496	)		—
	$	1,110	$	(146	)	$	857

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 25,			September 26,			September 28,
	2021			2020			2019
Income tax provision at federal statutory tax rate	$	26,020		$	12,728		$	14,593
Impact of Partnership income not subject to federal income taxes		(26,444	)		(13,045	)		(14,925	)
Permanent differences		174			127			162
Change in valuation allowance		570			(298	)		115
State income taxes		929			403			707
Other		(139	)		(61	)		205
Provision for income taxes - current and deferred	$	1,110		$	(146	)	$	857

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 25,			September 26,
	2021			2020
Deferred tax assets:
Net operating loss carryforwards	$	37,806		$	38,217
Allowance for doubtful accounts		208			156
Inventory		264			250
Deferred revenue		557			575
Other accruals		2,671			2,092
Total deferred tax assets		41,506			41,290
Deferred tax liabilities:
Intangible assets		1,189			1,197
Property, plant and equipment		1,655			1,899
Total deferred tax liabilities		2,844			3,096
Net deferred tax assets		38,662			38,194
Valuation allowance		(38,268	)		(37,698	)
Net deferred tax assets	$	394		$	496