Income Taxes (Tables)

12 Months Ended

Sep. 27, 2015

Income Tax Disclosure [Abstract]

Components Of Income Taxes

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

	2015			2014			2013
Current:
Federal	$	59,362		$	43,864		$	51,367
State	9,598			3,770			7,583
	68,960			47,634			58,950
Deferred:
Federal	(2,018		)	3,700			(16,897		)
State	(1,173		)	452			(1,707		)
	(3,191		)	4,152			(18,604		)
Income tax expense from continuing operations	$	65,769		$	51,786		$	40,346
Income tax benefit from discontinued operations	$	(2,410	)	$	(3,629	)	$	(19,566	)

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:

	2015		2014		2013
Computed at federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	3.7		3.3		3.4
Benefit of jobs tax credits, net of valuation allowance	(1.1	)	(1.2	)	(1.9	)
Expense (benefit) related to COLIs	0.3		(1.6	)	(2.9	)
Other, net	(1.0	)	(0.2	)	(0.8	)
	36.9	%	35.3	%	32.8	%

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):

	2015			2014
Deferred tax assets:
Accrued pension and postretirement benefits	$	92,456		$	77,170
Accrued insurance	13,245			12,874
Accrued incentive compensation	6,412			3,090
Accrued vacation pay expense	2,193			2,132
Deferred income	1,417			1,436
Impairment	23,982			25,391
Lease commitments related to closed or refranchised locations	11,471			12,686
Other reserves and allowances	1,584			1,303
Tax loss and tax credit carryforwards	14,081			10,705
Leasing transactions	11,442			7,201
Share-based compensation	9,331			9,416
Other, net	12,238			1,418
Total gross deferred tax assets	199,852			164,822
Valuation allowance	(11,563		)	(8,624		)
Total net deferred tax assets	188,289			156,198
Deferred tax liabilities:
Property and equipment, principally due to differences in depreciation	(38,403		)	(38,362		)
Intangible assets	(30,132		)	(28,149		)
Other	(1,568		)	(2,069		)
Total gross deferred tax liabilities	(70,103		)	(68,580		)
Net deferred tax assets	$	118,186		$	87,618

Reconciliation Of Unrecognized Tax Benefits

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

	2015			2014
Balance beginning of year	$	374		$	769
Change related to tax positions	(374		)	(395		)
Balance at end of year	$	—		$	374