Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

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 31, 2017					December 25, 2016					December 27, 2015
(In thousands)	Amount			% of Pre-tax		Amount			% of Pre-tax		Amount			% of Pre-tax
Tax at federal statutory rate	$	38,928		35.0		$	10,685		35.0		$	33,863		35.0
State and local taxes, net	4,800			4.3		3,095			10.1		5,093			5.2
Effect of enacted changes in tax laws	68,747			61.8		—			—		1,801			1.8
Reduction in uncertain tax positions	(2,277		)	(2.0	)	(4,534		)	(14.9	)	(2,545		)	(2.6	)
Loss/(gain) on Company-owned life insurance	(1,916		)	(1.7	)	(736		)	(2.4	)	75			0.1
Nondeductible expense, net	1,021			0.9		1,115			3.7		880			0.9
Domestic manufacturing deduction	—			—		(1,820		)	(6.0	)	(2,651		)	(2.7	)
Foreign Earnings and Dividends	458			0.4		(2,418		)	(7.9	)	(1,214		)	(1.3	)
Other, net	(5,805		)	(5.2	)	(966		)	(3.2	)	(1,392		)	(1.4	)
Income tax expense	$	103,956		93.5		$	4,421		14.4		$	33,910		35.0

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 31, 2017			December 25, 2016			December 27, 2015
Current tax expense/(benefit)
Federal	$	(252	)	$	22,864		$	41,199
Foreign	458			312			485
State and local	350			(3,295		)	5,919
Total current tax expense	556			19,881			47,603
Deferred tax expense
Federal	105,905			(16,625		)	(14,554		)
State and local	(2,505		)	1,165			861
Total deferred tax expense/(benefit)	103,400			(15,460		)	(13,693		)
Income tax expense/(benefit)	$	103,956		$	4,421		$	33,910

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 31, 2017		December 25, 2016
Deferred tax assets
Retirement, postemployment and deferred compensation plans	$	140,657	$	275,611
Accruals for other employee benefits, compensation, insurance and other	16,883		34,466
Accounts receivable allowances	1,391		2,450
Net operating losses	6,228		2,598
Investment in joint ventures	—		5,329
Other	30,295		39,943
Gross deferred tax assets	$	195,454	$	360,397
Deferred tax liabilities
Property, plant and equipment	$	31,043	$	46,284
Intangible assets	7,300		11,975
Investments in joint ventures	615		—
Other	3,450		796
Gross deferred tax liabilities	42,408		59,055
Net deferred tax asset	$	153,046	$	301,342

Summary of Income Tax Contingencies

A reconciliation of unrecognized tax benefits is as follows:



(In thousands)	December 31, 2017			December 25, 2016			December 27, 2015
Balance at beginning of year	$	10,028		$	13,941		$	16,324
Gross additions to tax positions taken during the current year	9,009			997			1,151
Gross additions to tax positions taken during the prior year	103			—			282
Gross reductions to tax positions taken during the prior year	(372		)	(3,042		)	(37		)
Reductions from lapse of applicable statutes of limitations	(1,682		)	(1,868		)	(3,779		)
Balance at end of year	$	17,086		$	10,028		$	13,941