Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.19.3
Income Taxes (Tables)
9 Months Ended
Sep. 29, 2019
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

Income tax expense differs from amounts computed by applying the federal statutory income tax rate to income from continuing operations before income taxes as follows:

 

 

 

39 Weeks Ended

 

 

 

September 29,

 

 

September 30,

 

 

 

2019

 

 

2018

 

Income tax expense at statutory rates

 

 

21.0

%

 

 

21.0

%

Increase (decrease) in income taxes resulting from:

 

 

 

 

 

 

 

 

State income taxes, net of federal benefit

 

 

4.0

%

 

 

3.6

%

Federal employment tax credits

 

 

(9.6

%)

 

 

(9.6

%)

Non-deductible executive compensation

 

 

2.1

%

 

 

2.3

%

Other

 

 

(2.5

%)

 

 

(1.9

%)

Effective tax rate

 

 

15.0

%

 

 

15.4

%