| Schedule of provision (benefit) for income taxes |
The provision (benefit) for income taxes consists of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
2010 |
|
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$ |
3,977 |
|
$ |
2,135 |
|
$ |
596 |
|
|
State
|
|
|
2,703 |
|
|
1,832 |
|
|
369 |
|
|
Deferred:
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
2,115 |
|
|
(1,961 |
) |
|
(3,771 |
) |
|
State
|
|
|
(269 |
) |
|
(495 |
) |
|
237 |
|
| |
|
|
|
|
|
|
|
|
|
|
$ |
8,526 |
|
$ |
1,511 |
|
$ |
(2,569 |
) |
| |
|
|
|
|
|
|
|
|
| Schedule of the Company's total deferred tax assets and liabilities |
The Company's total deferred tax assets and liabilities at December 30, 2012, and December 25, 2011, are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
|
Deferred tax assets
|
|
$ |
46,634 |
|
$ |
48,691 |
|
|
Deferred tax liabilities
|
|
|
(48,362 |
) |
|
(49,038 |
) |
| |
|
|
|
|
|
|
Deferred tax liabilities, net
|
|
$ |
(1,728 |
) |
$ |
(347 |
) |
| |
|
|
|
|
|
|
| Schedule of the Company's federal and state deferred taxes |
The Company's federal and state deferred taxes at December 30, 2012, and December 25, 2011, are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
|
Current deferred tax assets and liabilities, net:
|
|
|
|
|
|
|
|
|
Accrued compensation and related costs
|
|
$ |
8,865 |
|
$ |
9,279 |
|
|
Advanced payments
|
|
|
1,083 |
|
|
676 |
|
|
General business and other tax credits
|
|
|
361 |
|
|
361 |
|
|
Interest rate swap
|
|
|
(2 |
) |
|
201 |
|
|
Other current deferred tax assets
|
|
|
1,724 |
|
|
598 |
|
|
Other current deferred tax liabilities
|
|
|
(1,188 |
) |
|
(1,587 |
) |
|
Prepaid expenses
|
|
|
(2,823 |
) |
|
(2,844 |
) |
|
Supplies inventory
|
|
|
(5,010 |
) |
|
(5,255 |
) |
| |
|
|
|
|
|
|
Current deferred tax asset, net
|
|
|
3,010 |
|
|
1,429 |
|
| |
|
|
|
|
|
|
Non-current deferred tax assets and liabilities, net:
|
|
|
|
|
|
|
|
|
Deferred rent
|
|
|
13,896 |
|
|
14,350 |
|
|
Stock-based compensation
|
|
|
6,864 |
|
|
7,064 |
|
|
General business and other tax credits
|
|
|
9,735 |
|
|
12,529 |
|
|
Alternative minimum tax credits
|
|
|
1,262 |
|
|
1,262 |
|
|
Accrued compensation and related costs
|
|
|
1,016 |
|
|
916 |
|
|
Other non-current deferred tax assets
|
|
|
666 |
|
|
550 |
|
|
Other non-current deferred tax liabilities
|
|
|
(455 |
) |
|
(416 |
) |
|
Goodwill
|
|
|
(7,335 |
) |
|
(6,458 |
) |
|
Property and equipment
|
|
|
(31,547 |
) |
|
(32,478 |
) |
|
Franchise rights
|
|
|
1,163 |
|
|
870 |
|
|
Interest rate swap
|
|
|
(3 |
) |
|
35 |
|
| |
|
|
|
|
|
|
Non-current deferred tax liability, net, included in other non-current liabilities
|
|
|
(4,738 |
) |
|
(1,776 |
) |
| |
|
|
|
|
|
|
Net deferred tax liability
|
|
$ |
(1,728 |
) |
$ |
(347 |
) |
| |
|
|
|
|
|
|