INCOME TAXES (Tables)

12 Months Ended

Dec. 27, 2015

INCOME TAXES

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

	Years Ended
	December 27,		December 28,		December 29,
(in thousands)	2015		2014		2013
Current:
Federal	$	13,317	$	233,247	$	16,100
State		(2,027)		30,216		5,108
Deferred:
Federal		(17,642)		(29,182)		(7,262)
State		(5,445)		(3,051)		(2,287)
Income tax provision (benefit)	$	(11,797)	$	231,230	$	11,659

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

	Years Ended
	December 27,		December 28,		December 29,
(in thousands)	2015		2014		2013
Statutory rate	(35.0)	%	35.0	%	35.0	%
State taxes, net of federal benefit	(2.1)		3.0		12.3
Changes in estimates	0.1		—		—
Changes in unrecognized tax benefits	0.3		—		(6.0)
Settlements	—		(0.1)		(1.5)
Other	—		0.1		3.1
Goodwill impairment	32.5		—		—
Stock compensation	0.4		0.1		(1.4)
Effective tax rate	(3.8)	%	38.1	%	41.5	%

Schedule of components of deferred tax assets and liabilities

	December 27,		December 28,
(in thousands)	2015		2014
Deferred tax assets:
Compensation benefits	$	233,101	$	248,585
State taxes		3,586		6,061
State loss carryovers		2,877		2,266
Other		3,765		4,508
Total deferred tax assets		243,329		261,420
Valuation allowance		(2,877)		(2,265)
Net deferred tax assets		240,452		259,155
Deferred tax liabilities:
Depreciation and amortization		160,752		195,616
Investments in unconsolidated subsidiaries		50,434		52,711
Debt discount		8,301		9,618
Deferred gain on debt		19,653		26,318
Total deferred tax liabilities		239,140		284,263
Net deferred tax (assets) liabilities	$	(1,312)	$	25,108

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

	Years Ended
	December 27,		December 28,		December 29,
(in thousands)	2015		2014		2013
Balance at beginning of fiscal year	$	13,046	$	12,889	$	8,649
Increases based on tax positions in prior year		4,433		1		7,631
Decreases based on tax positions in prior year		—		(363)		(935)
Increases based on tax positions in current year		1,435		1,357		1,386
Settlements		—		(49)		(259)
Lapse of statute of limitations		(3,293)		(789)		(3,583)
Balance at end of fiscal year	$	15,621	$	13,046	$	12,889

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

	Open	Years Under
Taxing Jurisdiction	Tax Year	Exam
Federal	2012-2015	2013
California	2011-2015	—
Other States	2006-2015	2011-2014