Income Taxes (Tables)

12 Months Ended

Oct. 01, 2017

Income Tax Disclosure [Abstract]

Components Of Income Taxes

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

	2017			2016			2015
Current:
Federal	$	80,787		$	32,276		$	59,362
State	12,736			5,315			9,598
	93,523			37,591			68,960
Deferred:
Federal	(9,816		)	29,975			(2,018		)
State	(2,392		)	4,998			(1,173		)
	(12,208		)	34,973			(3,191		)
Income tax expense from continuing operations	$	81,315		$	72,564		$	65,769
Income tax benefit from discontinued operations	$	(1,868	)	$	(1,365	)	$	(2,410	)

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:

	2017		2016		2015
Computed at federal statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	3.8		3.7		3.7
Benefit of jobs tax credits, net of valuation allowance	(0.4	)	(1.0	)	(1.1	)
(Benefit) expense related to COLIs	(1.0	)	(1.3	)	0.3
Other, net	(0.4	)	0.1		(1.0	)
	37.0	%	36.5	%	36.9	%

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 fiscal year-end are presented below (in thousands):

	2017			2016
Deferred tax assets:
Accrued defined benefit pension and postretirement benefits	$	67,471		$	89,253
Impairment	23,986			21,904
Accrued insurance	14,708			14,378
Tax loss and tax credit carryforwards	11,860			13,624
Lease commitments related to closed or refranchised locations	10,337			7,440
Share-based compensation	9,715			9,091
Interest rate swaps	8,855			18,483
Leasing transactions	7,532			11,144
Other reserves and allowances	2,843			1,935
Deferred income	1,898			1,887
Accrued vacation pay expense	1,835			2,137
Accrued incentive compensation	1,021			5,536
Other, net	5,185			3,876
Total gross deferred tax assets	167,246			200,688
Valuation allowance	(8,507		)	(11,365		)
Total net deferred tax assets	158,739			189,323
Deferred tax liabilities:
Intangible assets	(33,448		)	(31,827		)
Property and equipment, principally due to differences in depreciation	(25,077		)	(38,859		)
Other	(1,519		)	(1,050		)
Total gross deferred tax liabilities	(60,044		)	(71,736		)
Net deferred tax assets	$	98,695		$	117,587