Income Taxes (Tables)

12 Months Ended

Apr. 01, 2018

The provisions for income taxes for fiscal 2018, 2017 and 2016 were as follows:



	2018			2017			2016
(In thousands)
Federal — current	$	7,024		$	11,472		$	8,761
State — current	1,834			2,546			2,238
Total current	8,858			14,018			10,999

Federal — deferred	(14,393		)	(431		)	1,027
State — deferred	(364		)	(94		)	197
Total deferred	(14,757		)	(525		)	1,224
Total provision	$	(5,899	)	$	13,493		$	12,223

Schedule of effective income tax rate reconciliation

Reconciliations of the provisions for income taxes to the applicable federal statutory income tax rate for fiscal 2018, 2017 and 2016 are listed below.



	2018		2017		2016
Statutory federal income tax	31.5	%	35.0	%	35.0	%
State income taxes, net of federal deduction	(8.3	)%	4.8	%	5.0	%
ESOP dividend deduction on allocated shares	1.4	%	(0.7	)%	(0.7	)%
Domestic production deduction	2.7	%	(1.5	)%	(1.5	)%
Goodwill impairment	(81.7	)%	—	%	—	%
Revaluation of net deferred tax liabilities	92.5	%	—	%	—	%
Non-deductible acquisition costs	—	%	—	%	1.6	%
Assessment related to state tax audit	—	%	—	%	0.6	%
Other — net	1.0	%	(0.2	)%	0.2	%
Total	39.1	%	37.4	%	40.2	%

Schedule of deferred tax assets and liabilities

The tax effects of items comprising our net deferred tax liability as of April 1, 2018 and April 2, 2017 are as follows:



(In thousands)	2018			2017
Deferred tax assets:
Trade receivables	$	254		$	187
Stock compensation accruals	593			616
Pension withdrawal liability	1,611			2,513
Other	1,619			1,639
Total deferred tax assets	$	4,077		$	4,955
Deferred tax liabilities:
Inventories	$	(3,047	)	$	(4,006	)
Prepaid	(756		)	(1,095		)
Excess of tax over book depreciation	(9,811		)	(14,169		)
Intangibles	(17,625		)	(27,524		)
Unrealized gain on interest rate swap	(221		)	(201		)
Total deferred tax liabilities	$	(31,460	)	$	(46,995	)
Net deferred tax liabilities	$	(27,383	)	$	(42,040	)