Income Taxes (Tables)

12 Months Ended

Apr. 03, 2016

The provisions for income taxes for fiscal 2016, 2015 and 2014 were as follows:



	2016		2015			2014
(In thousands)
Federal — current	$	8,761	$	9,574		$	7,612
State — current	2,238		2,133			1,255
Total current	10,999		11,707			8,867

Federal — deferred	1,027		(517		)	676
State — deferred	197		50			424
Total deferred	1,224		(467		)	1,100
Total provision	$	12,223	$	11,240		$	9,967

Schedule of effective income tax rate reconciliation

Reconciliations of the provisions for income taxes, based on income from continuing operations, to the applicable federal statutory income tax rate of 35% are listed below.



	2016		2015		2014
Statutory federal income tax	35.0	%	35.0	%	35.0	%
State income taxes, net of federal deduction	5.0	%	4.7	%	3.2	%
ESOP dividend deduction on allocated shares	(0.7	)%	(0.7	)%	(0.8	)%
Domestic production deduction	(1.5	)%	(2.4	)%	(2.1	)%
Non-deductible acquisition costs	1.6	%	—	%	—	%
Assessment related to state tax audit	0.6	%	—	%	—	%
Other — net	0.2	%	0.3	%	0.2	%
Total	40.2	%	36.9	%	35.5	%

Schedule of deferred tax assets and liabilities

The tax effects of items comprising our net deferred tax liability as of April 3, 2016 and March 29, 2015 are as follows:



(In thousands)	2016			2015
Deferred tax assets:
Trade receivables	$	361		$	178
Stock compensation accruals	620			949
Pension withdrawal liability	2,635			2,755
Other	1,302			811
Total deferred tax assets	$	4,918		$	4,693
Deferred tax liabilities:
Inventories	$	(2,671	)	$	(3,307	)
Prepaid	(975		)	(689		)
Excess of tax over book depreciation	(14,439		)	(12,699		)
Intangibles	(29,075		)	(674		)
Total deferred tax liabilities	$	(47,160	)	$	(17,369	)
Net deferred tax liabilities	$	(42,242	)	$	(12,676	)