Income Taxes (Tables)

12 Months Ended

Jul. 29, 2022

Components of Provision for Income Taxes (Income Tax Benefit)

The components of the provision for income taxes (income tax benefit) for each of the three years were as follows:

	2022			2021			2020
Current:
Federal	$	16,462		$	(13,505	)	$	(15,375	)
State		1,188			2,405			(2,115	)
Deferred:
Federal		(4,543	)		57,580			(13,467	)
State		(1,604	)		9,558			2,274
Total provision for income taxes (income tax benefit)	$	11,503		$	56,038		$	(28,683	)

Reconciliation of Provision for Income Taxes (Income Tax Benefit) and Income Taxes Based on Statutory U.S. Federal Rate

A reconciliation of the Company’s provision for income taxes (income tax benefit) and income taxes based on the statutory U.S. federal rate of 21.0% in 2022, 2021 and 2020 was as follows:

	2022			2021			2020
Provision computed at federal statutory income tax rate	$	30,110		$	65,216		$	17,070
State and local income taxes, net of federal benefit		1,452			10,589			(263	)
Loss on unconsolidated subsidiary		—			—			(29,913	)
Federal net operating loss benefit		—			(5,402	)		(1,573	)
Employer tax credits for FICA taxes paid on employee tip income		(15,395	)		(12,323	)		(11,489	)
Other employer tax credits		(4,929	)		(3,234	)		(3,606	)
Tax audit settlement		(1,939	)		—			—
Other-net		2,204			1,192			1,091
Total provision for income taxes (income tax benefit)	$	11,503		$	56,038		$	(28,683	)

Significant Components of Net Deferred Tax Liability

Significant components of the Company’s net deferred tax liability consisted of the following at:

	July 29, 2022		July 30, 2021
Deferred tax assets:
Compensation and employee benefits	$	7,329	$	12,089
Accrued liabilities		15,770		14,145
Operating lease liabilities		193,794		199,029
Insurance reserves		7,115		7,141
Inventory		3,002		2,968
Deferred tax credits and carryforwards		24,896		16,978
Other		13,875		4,507
Deferred tax assets	$	265,781	$	256,857

Deferred tax liabilities:
Property and equipment	$	101,268	$	99,075
Inventory		5,517		7,161
Operating lease right-of-use asset		232,914		243,553
Other		6,275		5,694
Deferred tax liabilities		345,974		355,483
Net deferred tax liability	$	80,193	$	98,626

Total Gross Liability for Uncertain Tax Positions Exclusive of Interest and Penalties

Summarized below is a tabular reconciliation of the beginning and ending balance of the Company’s total gross liability for uncertain tax positions exclusive of interest and penalties:

	July 29, 2022			July 30, 2021			July 31, 2020
Balance at beginning of year	$	14,477		$	17,835		$	18,006
Tax positions related to the current year: Additions		1,152			1,596			1,407
Reductions		—			—			—
Tax positions related to the prior year: Additions		17			—			202
Reductions		(1,241	)		(1,045	)		(256	)
Settlements		(1,942	)		(1,786	)		(138	)
Expiration of statute of limitations		(1,605	)		(2,123	)		(1,386	)
Balance at end of year	$	10,858		$	14,477		$	17,835

Uncertain Tax Positions that, if Recognized, Would Affect Effective Tax Rate

If the Company were to prevail on all uncertain tax positions, the reversal of this accrual would be a tax benefit to the Company and impact the effective tax rate. The following table highlights the amount of uncertain tax positions, exclusive of interest and penalties, which, if recognized, would affect the effective tax rate for each of the three years:

		2022				2021				2020
Uncertain tax positions		$	8,578			$	11,437			$	14,090