Income Taxes (Tables)

12 Months Ended

Sep. 28, 2014

Income Tax Disclosure [Abstract]

Components Of Income Taxes

ncome taxes consist of the following in each fiscal year (in thousands):

	2014			2013			2012
Current:
Federal	$	43,864		$	51,367		$	35,205
State	3,770			7,583			5,248
	47,634			58,950			40,453
Deferred:
Federal	3,700			(16,897		)	(5,553		)
State	452			(1,707		)	(1,062		)
	4,152			(18,604		)	(6,615		)
Income tax expense from continuing operations	$	51,786		$	40,346		$	33,838
Income tax benefit from discontinued operations	$	(3,629	)	$	(19,566	)	$	(6,651	)

Reconciliation Of The Federal Statutory Income Tax Rate To Effective Tax Rate

A reconciliation of the federal statutory income tax rate to our effective tax rate for continuing operations is as follows:

	2014		2013		2012
Computed at federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	3.3		3.4		3.3
Benefit of jobs tax credits, net of valuation allowance	(1.2	)	(1.9	)	(1.0	)
Benefit related to COLIs	(1.6	)	(2.9	)	(4.6	)
Other, net	(0.2	)	(0.8	)	0.5
	35.3	%	32.8	%	33.2	%

Deferred Tax Assets And Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities at each year-end are presented below (in thousands):

	2014			2013
Deferred tax assets:
Accrued pension and postretirement benefits	$	77,170		$	66,698
Accrued insurance	12,874			13,115
Accrued vacation pay expense	2,132			3,259
Deferred income	1,436			1,441
Impairment	25,391			27,944
Lease commitments related to closed or refranchised locations	12,686			11,361
Other reserves and allowances	1,303			3,964
Tax loss and tax credit carryforwards	10,705			4,619
Leasing transactions	7,201			7,471
Share-based compensation	9,416			13,128
Other, net	4,508			4,280
Total gross deferred tax assets	164,822			157,280
Valuation allowance	(8,624		)	(4,619		)
Total net deferred tax assets	156,198			152,661
Deferred tax liabilities:
Property and equipment, principally due to differences in depreciation	(38,362		)	(9,753		)
Intangible assets	(28,149		)	(27,350		)
Other	(2,069		)	(40		)
Total gross deferred tax liabilities	(68,580		)	(37,143		)
Net deferred tax assets	$	87,618		$	115,518

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits follows (in thousands):

	2014			2013
Balance beginning of year	$	769		$	905
Change related to tax positions	(395		)	(136		)
Balance at end of year	$	374		$	769