Income Taxes (Tables)

12 Months Ended

Jan. 03, 2016

Income Tax Disclosure [Abstract]

Significant Components of the Provision for Income Taxes

The following table presents the significant components of the provision for income taxes for 2015, 2014 and 2013.

	Fiscal Year
In Thousands	2015			2014		2013
Current:
Federal	$	20,107		$	13,153	$	18,938
State		3,563			2,163		3,221
Total current provision	$	23,670		$	15,316	$	22,159
Deferred:
Federal	$	10,638		$	3,638	$	(7,701	)
State		(230	)		582		(2,316	)
Total deferred provision (benefit)	$	10,408		$	4,220	$	(10,017	)
Income tax expense	$	34,078		$	19,536	$	12,142

Reconciliation of Income Tax Expense at Statutory Federal Rate to Actual Income Tax Expense

The following table provides a reconciliation of income tax expense at the statutory federal rate to actual income tax expense.

	Fiscal Year
In Thousands	2015			2014			2013
Statutory expense	$	34,692		$	19,474		$	15,485
State income taxes, net of federal benefit		3,496			2,133			1,811
Noncontrolling interest – Piedmont		(2,261	)		(1,835	)		(1,674	)
Adjustment for uncertain tax positions		51			30			(167	)
Adjustment for state tax legislation		(1,145	)		0			(2,261	)
Valuation allowance change		(1,332	)		1,203			321
Bargain purchase gain		(704	)		0			0
Capital loss carryover		0			(854	)		0
Manufacturing deduction benefit		(1,330	)		(1,470	)		(1,995	)
Meals and entertainment		1,666			1,204			1,127
Other, net		945			(349	)		(505	)
Income tax expense	$	34,078		$	19,536		$	12,142

Reconciliation of the Beginning and Ending Balances of the Total Amounts of Uncertain Tax Positions

A reconciliation of the beginning and ending balances of the total amounts of uncertain tax positions (excluding accrued interest) is as follows:

	Fiscal Year
In Thousands	2015			2014			2013
Gross uncertain tax positions at the beginning of the year	$	2,620		$	2,630		$	4,950
Increase as a result of tax positions taken during a prior    period		0			0			55
Decrease as a result of tax positions taken during a prior    period		0			0			(33	)
Increase as a result of tax positions taken in the current    period		547			498			578
Reduction as a result of the expiration of the applicable    statute of limitations		(534	)		(508	)		(2,920	)
Gross uncertain tax positions at the end of the year	$	2,633		$	2,620		$	2,630

Temporary Differences and Carryforwards that Comprised Deferred Income Tax Assets and Liabilities

Temporary differences and carryforwards that comprised deferred income tax assets and liabilities were as follows:

	Jan. 3,			Dec. 28,
In Thousands	2016			2014
Intangible assets	$	169,338		$	139,744
Depreciation		95,262			77,311
Investment in Piedmont		43,109			42,271
Inventory		9,928			10,777
Prepaid expenses		4,615			4,237
Patronage dividend		4,046			4,361
Debt exchange premium		204			634
Other		434			161
Deferred income tax liabilities		326,936			279,496
Deferred compensation		(44,402	)		(42,990	)
Postretirement benefits		(27,086	)		(26,783	)
Pension (nonunion)		(18,257	)		(25,951	)
Sub-bottling liability		(52,306	)		(18,084	)
Accrued liabilities		(21,853	)		(16,049	)
Capital lease agreements		(6,105	)		(6,265	)
Net operating loss carryforwards		(3,121	)		(4,075	)
Transactional costs		(5,879	)		(3,584	)
Pension (union)		(3,290	)		(3,472	)
Other		0			(54	)
Deferred income tax assets		(182,299	)		(147,307	)
Valuation allowance for deferred tax assets		2,307			3,640
Net current deferred income tax asset		0			(4,171	)
Net noncurrent deferred income tax liability	$	146,944		$	140,000