Note 14 - Income Taxes (Tables)
|
12 Months Ended |
Dec. 25, 2022 |
|---|
| Notes Tables |
|
| Schedule Of Consolidated Income Tax Expense [Table Text Block] |
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| Total consolidated income tax expense (benefit) |
|
$ |
7,010 |
|
|
$ |
4,063 |
|
|
$ |
(7,910 |
) |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| |
|
Current |
|
|
Deferred |
|
|
Total |
|
| Year Ended December 25, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Federal |
|
$ |
7,012 |
|
|
$ |
(3,410 |
) |
|
$ |
3,602 |
|
| State |
|
|
3,424 |
|
|
|
(377 |
) |
|
|
3,047 |
|
| Foreign |
|
|
360 |
|
|
|
- |
|
|
|
361 |
|
| |
|
$ |
10,796 |
|
|
$ |
(3,787 |
) |
|
$ |
7,010 |
|
| Year Ended December 26, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Federal |
|
$ |
(7,846 |
) |
|
$ |
8,780 |
|
|
$ |
934 |
|
| State |
|
|
2,690 |
|
|
|
235 |
|
|
|
2,925 |
|
| Foreign |
|
|
204 |
|
|
|
— |
|
|
|
204 |
|
| |
|
$ |
(4,952 |
) |
|
$ |
9,015 |
|
|
$ |
4,063 |
|
| Year Ended December 27, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Federal |
|
$ |
(4,061 |
) |
|
$ |
(4,986 |
) |
|
$ |
(9,047 |
) |
| State |
|
|
(364 |
) |
|
|
1,298 |
|
|
|
934 |
|
| Foreign |
|
|
203 |
|
|
|
— |
|
|
|
203 |
|
| |
|
$ |
(4,222 |
) |
|
$ |
(3,688 |
) |
|
$ |
(7,910 |
) |
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| Income tax expense (benefit) at statutory rates |
|
$ |
9,583 |
|
|
$ |
9,731 |
|
|
$ |
(6,973 |
) |
| Increase (decrease) in income taxes resulting from: |
|
|
|
|
|
|
|
|
|
|
|
|
| State income taxes, net of federal benefit |
|
|
2,121 |
|
|
|
1,937 |
|
|
|
(1,410 |
) |
| Employment-related tax credits, net |
|
|
(5,372 |
) |
|
|
(4,277 |
) |
|
|
(2,827 |
) |
| Non-deductible executive compensation |
|
|
1,095 |
|
|
|
960 |
|
|
|
1,160 |
|
| Stock-based compensation |
|
|
25 |
|
|
|
(141 |
) |
|
|
377 |
|
| Impact of federal carryback under CARES Act |
|
|
- |
|
|
|
(4,556 |
) |
|
|
(1,026 |
) |
| Change in valuation allowance |
|
|
(690 |
) |
|
|
298 |
|
|
|
2,630 |
|
| Other |
|
|
248 |
|
|
|
111 |
|
|
|
159 |
|
| |
|
|
7,010 |
|
|
$ |
4,063 |
|
|
$ |
(7,910 |
) |
| Effective tax rate |
|
|
15.4 |
% |
|
|
8.8 |
% |
|
|
23.8 |
% |
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| |
|
2022 |
|
|
2021 |
|
| Deferred tax assets: |
|
|
|
|
|
|
|
|
| Accounts payable and accrued expenses |
|
$ |
15,088 |
|
|
$ |
12,223 |
|
| Operating lease liabilities |
|
|
57,650 |
|
|
|
51,221 |
|
| Net state operating loss carryforwards |
|
|
3,235 |
|
|
|
4,197 |
|
| Tax credit carryforwards |
|
|
338 |
|
|
|
389 |
|
| Other |
|
|
- |
|
|
|
63 |
|
| Total gross deferred tax assets |
|
|
76,311 |
|
|
|
68,093 |
|
| Less valuation allowance |
|
|
(4,026 |
) |
|
|
(4,847 |
) |
| Net deferred tax assets |
|
|
72,285 |
|
|
|
63,246 |
|
| Deferred tax liabilities: |
|
|
|
|
|
|
|
|
| Property and equipment |
|
|
(6,848 |
) |
|
|
(7,201 |
) |
| Intangible assets |
|
|
(12,636 |
) |
|
|
(13,301 |
) |
| Operating lease right of use assets |
|
|
(49,391 |
) |
|
|
(43,143 |
) |
| Other |
|
|
(22 |
) |
|
|
- |
|
| Total gross deferred tax liabilities |
|
|
(68,897 |
) |
|
|
(63,645 |
) |
| Net deferred tax assets (liabilities) |
|
|
3,388 |
|
|
$ |
(399 |
) |
|
| Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
| Unrecognized tax benefits balance at December 26, 2021 |
|
$ |
300 |
|
| Gross increases for tax positions of prior years |
|
|
8 |
|
| Unrecognized tax benefits balance at December 25, 2022 |
|
$ |
308 |
|
|