INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2014

INCOME TAXES

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

	Years Ended
	December 28,		December 29,		December 30,
(in thousands)	2014		2013		2012
Current:
Federal	$	233,247	$	16,100	$	2,523
State		30,216		5,108		(16,636)
Deferred:
Federal		(29,182)		(7,262)		(4,595)
State		(3,051)		(2,287)		(5,017)
Income tax provision (benefit)	$	231,230	$	11,659	$	(23,725)

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

	Years Ended
	December 28,		December 29,		December 30,
(in thousands)	2014		2013		2012
Statutory rate	35.0	%	35.0	%	(35.0)	%
State taxes, net of federal benefit	3.0		12.3		5.4
Changes in estimates	—		—		0.2
Changes in unrecognized tax benefits	—		(6.0)		(43.8)
Settlements	(0.1)		(1.5)		(25.4)
Other	0.1		3.1		3.0
Stock compensation	0.1		(1.4)		9.9
Effective tax rate	38.1	%	41.5	%	(85.7)	%

Schedule of components of deferred tax assets and liabilities

	December 28,		December 29,
(in thousands)	2014		2013
Deferred tax assets:
Compensation benefits	$	248,585	$	187,516
State taxes		6,061		3,625
State loss carryovers		2,266		5,007
Other		4,508		4,727
Total deferred tax assets		261,420		200,875
Valuation allowance		(2,265)		(3,741)
Net deferred tax assets		259,155		197,134
Deferred tax liabilities:
Depreciation and amortization		195,616		213,159
Investments in unconsolidated subsidiaries		52,711		71,840
Debt discount		9,618		12,434
Deferred gain on debt		26,318		33,007
Total deferred tax liabilities		284,263		330,440
Net deferred tax liabilities	$	25,108	$	133,306

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

	Years Ended
	December 28,		December 29,		December 30,
(in thousands)	2014		2013		2012
Balance at beginning of fiscal year	$	12,889	$	8,649	$	30,463
Increases based on tax positions in prior year		1		7,631		—
Decreases based on tax positions in prior year		(363)		(935)		(9,933)
Increases based on tax positions in current year		1,357		1,386		745
Settlements		(49)		(259)		(643)
Lapse of statute of limitations		(789)		(3,583)		(11,983)
Balance at end of fiscal year	$	13,046	$	12,889	$	8,649

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

	Open	Years Under
Taxing Jurisdiction	Tax Year	Exam
Federal	2011-2014	—
California	2010-2014	—
Other States	2006-2014	2011-2012