Income Taxes (Tables)

12 Months Ended

Dec. 27, 2015

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations between the effective tax rate on income from continuing operations before income taxes and the federal statutory rate are presented below.



	December 27, 2015					December 28, 2014					December 29, 2013
(In thousands)	Amount			% of Pre-tax		Amount			% of Pre-tax		Amount			% of Pre-tax
Tax at federal statutory rate	$	33,863		35.0		$	10,448		35.0		$	33,180		35.0
State and local taxes, net	5,093			5.2		4,620			15.5		8,312			8.8
Effect of enacted changes in tax laws	1,801			1.8		1,393			4.7		—			—
Reduction in uncertain tax positions	(2,545		)	(2.6	)	(21,147		)	(70.8	)	(1,803		)	(1.9	)
Loss/(gain) on Company-owned life insurance	75			0.1		(1,250		)	(4.2	)	(3,673		)	(3.9	)
Nondeductible expense, net	880			0.9		1,847			6.2		2,039			2.2
Domestic manufacturing deduction	(2,651		)	(2.7	)	—			—		—			—
Other, net	(2,606		)	(2.7	)	548			1.8		(163		)	(0.2	)
Income tax expense/(benefit)	$	33,910		35.0		$	(3,541	)	(11.8	)	$	37,892		40.0

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense as shown in our Consolidated Statements of Operations were as follows:



(In thousands)	December 27, 2015			December 28, 2014			December 29, 2013
Current tax expense/(benefit)
Federal	$	41,199		$	17,397		$	18,903
Foreign	485			583			681
State and local	5,919			(25,625		)	8,371
Total current tax expense/(benefit)	47,603			(7,645		)	27,955
Deferred tax expense
Federal	(14,554		)	4,014			5,426
Foreign	—			—			—
State and local	861			90			4,511
Total deferred tax (benefit)/expense	(13,693		)	4,104			9,937
Income tax expense/(benefit)	$	33,910		$	(3,541	)	$	37,892

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax assets and liabilities recognized in our Consolidated Balance Sheets were as follows:



(In thousands)	December 27, 2015			December 28, 2014
Deferred tax assets
Retirement, postemployment and deferred compensation plans	$	309,711		$	320,174
Accruals for other employee benefits, compensation, insurance and other	32,731			42,294
Accounts receivable allowances	1,690			1,746
Net operating losses	38,703			46,726
Other	44,099			41,186
Gross deferred tax assets	426,934			452,126
Valuation allowance	(36,204		)	(41,136		)
Net deferred tax assets	$	390,730		$	410,990
Deferred tax liabilities
Property, plant and equipment	$	57,065		$	64,056
Intangible assets	10,790			11,607
Investments in joint ventures	11,694			13,971
Other	2,039			5,129
Gross deferred tax liabilities	81,588			94,763
Net deferred tax asset	$	309,142		$	316,227
Amounts recognized in the Consolidated Balance Sheets
Deferred tax asset – current	$	—		$	63,640
Deferred tax asset – long-term	309,142			252,587
Net deferred tax asset	$	309,142		$	316,227

Summary of Income Tax Contingencies

A reconciliation of unrecognized tax benefits is as follows:



(In thousands)	December 27, 2015			December 28, 2014			December 29, 2013
Balance at beginning of year	$	16,324		$	46,058		$	45,308
Gross additions to tax positions taken during the current year	1,151			2,116			2,249
Gross additions to tax positions taken during the prior year	282			—			127
Gross reductions to tax positions taken during the prior year	(37		)	(12,109		)	(833		)
Reductions from settlements with taxing authorities	—			(7,114		)	—
Reductions from lapse of applicable statutes of limitations	(3,779		)	(12,627		)	(793		)
Balance at end of year	$	13,941		$	16,324		$	46,058