Income Taxes (Tables)
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12 Months Ended |
Dec. 27, 2014 |
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| Income Tax Disclosure [Abstract] |
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| Components of Income Tax Benefit |
For the years ended December 27, 2014, December 28,
2013 and December 31, 2012, income taxes consisted of the
following:
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2014 |
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2013 |
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2012 |
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Provision for income taxes:
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Current
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$ |
(905 |
) |
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$ |
1,761 |
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$ |
(452 |
) |
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Deferred
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(6,078 |
) |
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(4,408 |
) |
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(3,468 |
) |
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Income tax benefit
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$ |
(6,983 |
) |
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$ |
(2,647 |
) |
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$ |
(3,920 |
) |
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| Schedule of Income Tax Benefit |
The effective tax rate on pre-tax income differs from the
U.S. statutory rate due to the following:
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2014 |
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2013 |
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2012 |
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Income tax benefit at federal statutory tax rate
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$ |
(4,643 |
) |
|
$ |
(37,160 |
) |
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$ |
(19,074 |
) |
|
Less: Income tax benefit at federal statutory tax rate for LLC
entities
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(2,272 |
) |
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32,801 |
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16,167 |
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State and local income taxes
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(224 |
) |
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|
130 |
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(90 |
) |
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Depletion expense
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(129 |
) |
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(411 |
) |
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(377 |
) |
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Goodwill impairment
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— |
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1,046 |
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— |
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Effective rate change
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(241 |
) |
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— |
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(532 |
) |
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Valuation allowance
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1,693 |
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729 |
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36 |
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Impact of international operations
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(73 |
) |
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— |
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— |
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Prior year true-up adjustments and amended returns
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(624 |
) |
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— |
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— |
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Other
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(470 |
) |
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218 |
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(50 |
) |
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Income tax benefit
|
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$ |
(6,983 |
) |
|
$ |
(2,647 |
) |
|
$ |
(3,920 |
) |
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| Components of Net Deferred Income Tax Liability |
The following table summarizes the components of the net deferred
income tax liability as of December 27, 2014 and
December 28, 2013:
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2014 |
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2013 |
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Deferred tax (liabilities) assets:
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Accelerated depreciation
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$ |
(40,141 |
) |
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$ |
(33,146 |
) |
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Mining reclamation reserve
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2,180 |
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1,502 |
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Net operating loss
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7,106 |
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2,227 |
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Capital losses on securities
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— |
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|
997 |
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Net intangible assets
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(1,072 |
) |
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(607 |
) |
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Inventory purchase accounting adjustments
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1,275 |
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1,288 |
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Working capital (e.g., accrued compensation, prepaid assets)
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(10 |
) |
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1,655 |
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Deferred tax liabilities, net
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(30,662 |
) |
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(26,084 |
) |
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Less valuation allowance on loss carryforwards
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(2,523 |
) |
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(1,826 |
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Total
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$ |
(33,185 |
) |
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$ |
(27,910 |
) |
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Deferred tax balances are included in the consolidated balance
sheets under the following captions:
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Other current assets
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$ |
1,167 |
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$ |
2,316 |
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Other noncurrent liabilities
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(34,352 |
) |
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(30,226 |
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Total
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$ |
(33,185 |
) |
|
$ |
(27,910 |
) |
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