Chili's 2015 Annual Report Download - page 64
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6. ACCRUED AND OTHER LIABILITIES
Other accrued liabilities consist of the following (in thousands):
2015 2014
Sales tax .................................................. 20,308 19,622
Insurance .................................................. 22,658 20,652
Property tax ............................................... 14,224 14,209
Dividends ................................................. 16,961 15,625
Litigation reserves .......................................... 0 39,500
Other ..................................................... 37,046 36,446
$111,197 $146,054
Other liabilities consist of the following (in thousands):
2015 2014
Straight-line rent ............................................ $ 56,345 $ 57,462
Insurance .................................................. 30,988 36,352
Landlord contributions ....................................... 24,785 23,404
Unrecognized tax benefits .................................... 5,144 5,247
Other ..................................................... 7,771 6,633
$125,033 $129,098
7. INCOME TAXES
The provision for income taxes consists of the following (in thousands):
2015 2014 2013
Current income tax expense:
Federal ..................................... $59,726 $ 66,170 $46,852
State ....................................... 11,862 15,219 11,800
Foreign ..................................... 3,319 3,550 2,879
Total current income tax expense ............ 74,907 84,939 61,531
Deferred income tax (benefit) expense:
Federal ..................................... 10,754 (18,715) 7,344
State ....................................... 2,018 (4,087) (1,919)
Foreign ..................................... (96) 112 0
Total deferred income tax (benefit) expense .... 12,676 (22,690) 5,425
$87,583 $ 62,249 $66,956
A reconciliation between the reported provision for income taxes and the amount computed by applying the
statutory Federal income tax rate of 35% to income before provision for income taxes is as follows (in
thousands):
2015 2014 2013
Income tax expense at statutory rate ................. $99,497 $ 75,701 $ 80,610
FICA tax credit ................................. (18,633) (18,116) (16,450)
State income taxes, net of Federal benefit ............. 8,646 7,636 6,368
Other ......................................... (1,927) (2,972) (3,572)
$ 87,583 $ 62,249 $ 66,956
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