Note I - Income Taxes (Tables)

12 Months Ended

Sep. 29, 2018

Notes Tables

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

	Fiscal year ended
	September 29,			September 30,			September 24,
	2018			2017			2016
	(in thousands)
Current
U.S. Federal	$	16,591		$	27,142		$	25,126
Foreign		2,512			2,770			2,433
State		5,836			5,227			5,622
Total current expense		24,939			35,139			33,181
Deferred
U.S. Federal	$	(14,613	)	$	6,857		$	6,444
Foreign		514			(422	)		(145	)
State		3,716			1,452			1,364
Total deferred benefit		(10,383	)		7,887			7,663
Total expense	$	14,556		$	43,026		$	40,844

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

	Fiscal year ended
	September 29,			September 30,			September 24,
	2018			2017			2016
	(in thousands)
Income taxes at federal statutory rates	$	28,947		$	42,770		$	40,887
Increase (decrease)in taxes resulting from:
State income taxes, net of federal income tax benefit		7,212			4,341			4,541
Domestic production activities deduction		(1,470	)		(1,820	)		(2,100	)
Impact of rate change due to Tax Cuts and Jobs Act		(20,670	)		-			-
Impact of rate differential-current and deferred		(1,236	)		-			-
One-time repatriation tax		1,200			-			-
Increase in gross unrecognized tax benefits		20			20			20
Share based compensation		(696	)		(1,923	)		(1,109	)
Non deductible employee compensation		514			-			-
Other, net		735			(362	)		(1,395	)
Income tax expense	$	14,556		$	43,026		$	40,844

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

	September 29,			September 30,
	2018			2017
	(in thousands)
Deferred tax assets
Vacation accrual	$	1,254		$	1,740
Capital loss carry forwards		960			1,668
Insurance accrual		2,480			3,225
Deferred income		638			927
Allowances		1,585			1,991
Inventory capitalization		1,051			1,235
Share-based compensation		1,368			1,607
Net Operating Loss		856			1,559
Total deferred tax assets		10,192			13,952
Valuation allowance		(960	)		(1,668	)
Total deferred tax assets, net		9,232			12,284
Deferred tax liabilities
Amortization of goodwill and other intangible assets		25,565			35,043
Depreciation of property and equipment		35,989			39,946
Total deferred tax liabilities		61,554			74,989
Total deferred tax liabilities, net	$	52,322		$	62,705