Note I - Income Taxes (Tables)

12 Months Ended

Sep. 24, 2016

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Fiscal year ended
	September 24,			September 26,			September 27,
	2016			2015			2014
	(in thousands)
Current
U.S. Federal	$	25,126		$	33,348		$	31,506
Foreign		2,433			2,260			2,008
State		5,622			6,294			6,693
Total current expense		33,181			41,902			40,207
Deferred
U.S. Federal	$	6,444		$	(109	)	$	(217	)
Foreign		(145	)		(34	)		(58	)
State		1,364			(23	)		(540	)
Total deferred expense (benefit)		7,663			(166	)		(815	)
Total expense	$	40,844		$	41,736		$	39,392

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal year ended
	September 24,			September 26,			September 27,
	2016			2015			2014
	(in thousands)
Income taxes at federal statutory rates	$	40,887		$	39,172		$	38,922
Increase (decrease) in taxes resulting from:
State income taxes, net of federal income tax benefit		4,541			4,196			4,281
Domestic production activities deduction		(2,100	)		(2,100	)		(2,100	)
Increase (reduction) in gross unrecognized tax benefits		20			39			(161	)
Increase in federal valuation allowance		240			1,366			-
Share based compensation		(1,109	)		308			437
Other, net		(1,635	)		(1,245	)		(1,987	)
Income tax expense	$	40,844		$	41,736		$	39,392

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	September 24,			September 26,
	2016			2015
	(in thousands)
Deferred tax assets
Vacation accrual	$	1,646		$	1,600
Capital loss carry forwards		1,674			1,434
Insurance accrual		3,317			3,385
Deferred income		112			63
Allowances		1,514			927
Inventory capitalization		954			738
Share-based compensation		1,253			1,480
Net Operating Loss		1,691			1,823
Total deferred tax assets		12,161			11,450
Valuation allowance		(1,674	)		(1,434	)
Total deferred tax assets, net		10,487			10,016
Deferred tax liabilities
Amortization of goodwill and other intangible assets		27,358			25,791
Depreciation of property and equipment		31,315			24,748
Total deferred tax liabilities		58,673			50,539
Total deferred tax liabilities, net	$	48,186		$	40,523