Income Taxes (Tables)

12 Months Ended

Mar. 28, 2021

The provisions for income taxes for fiscal 2021, 2020 and 2019 were as follows:


	2021		2020		2019
(In thousands)
Federal — current	$	11,169	$	8,447	$	6,956
State — current	4,391		3,563		2,748
Total current	15,560		12,010		9,704

Federal — deferred	(302)		(976)		(334)
State — deferred	(387)		(445)		(273)
Total deferred	(689)		(1,421)		(607)
Total provision	$	14,871	$	10,589	$	9,097

Schedule of effective income tax rate reconciliation

Reconciliations of the provisions for income taxes to the applicable federal statutory income tax rate for fiscal 2021, 2020 and 2019 are listed below.


	2021		2020		2019
Statutory federal income tax	21.0	%	21.0	%	21.0	%
State income taxes, net of federal deduction	5.9	%	5.7	%	5.8	%
ESOP dividend deduction on allocated shares	(0.2)	%	(0.3)	%	(0.3)	%


Other — net	(0.1)	%	0.8	%	0.6	%
Total	26.6	%	27.2	%	27.1	%

Schedule of deferred tax assets and liabilities

The tax effects of items comprising our net deferred tax liability as of March 28, 2021 and March 29, 2020 are as follows:


(In thousands)	2021		2020
Deferred tax assets:
Trade receivables	$	134	$	212
Stock compensation accruals	1,341		728
Pension withdrawal liability	1,344		1,435
Lease liability	3,191		2,476
Unrealized loss on interest rate swap	—		29
Other	2,882		1,982
Total deferred tax assets	$	8,892	$	6,862
Deferred tax liabilities:
Inventories	$	(2,815)	$	(2,231)
Prepaid expenses	(864)		(843)
Excess of tax over book depreciation	(11,249)		(10,504)
Intangible assets	(15,269)		(15,936)
ROU asset	(3,140)		(2,454)
Total deferred tax liabilities	$	(33,337)	$	(31,968)
Net deferred tax liabilities	$	(24,445)	$	(25,106)