INCOME TAXES (Tables)

12 Months Ended

Dec. 30, 2012

INCOME TAXES

Schedule of income tax provision (benefit) related to continuing operations

	Years Ended
(in thousands)	December 30, 2012			December 25, 2011			December 26, 2010
Current:
Federal	$	4,701		$	28,913		$	26,625
State		(16,535	)		(1,553	)		4,999
Deferred:
Federal		(4,701	)		(3,316	)		(16,672	)
State		(4,847	)		(15,648	)		(9,351	)
Income tax provision	$	(21,382	)	$	8,396		$	5,601

Schedule of reconciliation of effective tax rate expense (benefit) for continuing operations and the statutory federal income tax rate

	Years Ended
(in thousands)	December 30, 2012			December 25, 2011			December 26, 2010
Statutory rate		(35.0	)%		35.0%			35.0%
State taxes, net of federal benefit		7.7			0.3			0.5
Changes in estimates		0.2			0.6			2.9
Changes in unrecognized tax benefits		(56.3	)		(13.6	)		(7.6	)
Settlements		(32.6	)		(10.4	)		(19.5	)
Other		4.0			1.5			3.2
Stock compensation		12.7			–			–
Effective tax rate		(99.3	)%		13.4%			14.5%

Schedule of components of deferred tax assets and liabilities

(in thousands)	December 30, 2012			December 25, 2011
Deferred tax assets:
Compensation benefits	$	308,392		$	228,367
State taxes		4,984			17,500
State loss carryovers		5,815			10,759
Other		5,280			6,065
Total deferred tax assets		324,471			262,691
Valuation allowance		(4,110	)		(9,514	)
Net deferred tax assets		320,361			253,177
Deferred tax liabilities:
Depreciation and amortization		233,214			258,957
Investments in unconsolidated subsidiaries		64,317			65,604
Debt discount		15,059			18,114
Deferred gain on debt		33,084			33,193
Total deferred tax liabilities		345,674			375,868
Net deferred tax liabilities	$	25,313		$	122,691

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

	Years Ended
(in thousands)	December 30, 2012			December 25, 2011			December 26, 2010
Balance at beginning of fiscal year	$	30,463		$	51,992		$	53,359
Increases based on tax positions in prior year		–			1,409			7,529
Decreases based on tax positions in prior year		(9,933	)		(13,475	)		(1,148	)
Increases based on tax positions in current year		745			2,213			1,811
Settlements		(643	)		–			(784	)
Lapse of statute of limitations		(11,983	)		(11,676	)		(8,775	)
Balance at end of fiscal year	$	8,649		$	30,463		$	51,992

Schedule of tax years and related taxing jurisdictions that were open for audit

Taxing Jurisdiction	Open Tax Year	Years Under Exam
Federal	2009-2012
Oregon	2006-2012	2006-2008
Florida	2009-2012	2009-2010
Washington, D.C.	2006, 2009-2012	2006
New York	2008-2012	2008-2011
Illinois	2008-2012	2008-2009
California	2008-2012	2009-2010
Other States	2006-2012