Entity information:
Income Taxes

The provisions for income taxes for fiscal 2017, 2016 and 2015 were as follows:
 
 
2017
 
2016
 
2015
(In thousands)
 
 
 
 
 
 
Federal — current
 
$
11,472

 
$
8,761

 
$
9,574

State — current
 
2,546

 
2,238

 
2,133

Total current
 
14,018

 
10,999

 
11,707

 
 
 
 
 
 
 
Federal — deferred
 
(431
)
 
1,027

 
(517
)
State — deferred
 
(94
)
 
197

 
50

Total deferred
 
(525
)
 
1,224

 
(467
)
Total provision
 
$
13,493

 
$
12,223

 
$
11,240


 
Reconciliations of the provisions for income taxes, based on income from continuing operations, to the applicable federal statutory income tax rate of 35% are listed below.
 
 
2017
 
2016
 
2015
Statutory federal income tax
 
35.0
 %
 
35.0
 %
 
35.0
 %
State income taxes, net of federal deduction
 
4.8
 %
 
5.0
 %
 
4.7
 %
ESOP dividend deduction on allocated shares
 
(0.7
)%
 
(0.7
)%
 
(0.7
)%
Domestic production deduction
 
(1.5
)%
 
(1.5
)%
 
(2.4
)%
Non-deductible acquisition costs
 
—
 %
 
1.6
 %
 
—
 %
Assessment related to state tax audit
 
—
 %
 
0.6
 %
 
—
 %
Other — net
 
(0.2
)%
 
0.2
 %
 
0.3
 %
Total
 
37.4
 %
 
40.2
 %
 
36.9
 %

 










The tax effects of items comprising our net deferred tax liability as of April 2, 2017 and April 3, 2016 are as follows:
(In thousands)
 
2017
 
2016
Deferred tax assets:
 
 
 
 
Trade receivables
 
$
187

 
$
361

Stock compensation accruals
 
616

 
620

Pension withdrawal liability
 
2,513

 
2,635

Other
 
1,639

 
1,302

Total deferred tax assets
 
$
4,955

 
$
4,918

Deferred tax liabilities:
 
 
 
 
Inventories
 
$
(4,006
)
 
$
(2,671
)
Prepaid
 
(1,095
)
 
(975
)
Excess of tax over book depreciation
 
(14,169
)
 
(14,439
)
Intangibles
 
(27,524
)
 
(29,075
)
Unrealized gain on interest rate swap
 
(201
)
 
—

Total deferred tax liabilities
 
$
(46,995
)
 
$
(47,160
)
Net deferred tax liabilities
 
$
(42,040
)
 
$
(42,242
)

As of April 2, 2017, the Company has determined that it is more likely than not that the deferred tax assets at April 2, 2017 will be realized either through future taxable income or reversals of taxable temporary differences.

During fiscal 2016, we recorded a gross unrecognized tax benefit of $1.9 million in other long-term liabilities on our consolidated balance sheet as a result of uncertain income tax positions taken by Stauber on its tax returns for periods prior to our acquisition. We had no unrecognized tax benefits prior to the Stauber acquisition. The Stauber acquisition agreement provides the Company with indemnification from the prior owners for any tax liabilities relating to pre-acquisition tax returns. Accordingly, we also recorded an offsetting, long-term receivable for $1.9 million as of April 3, 2016, and as such any change in the unrecognized tax benefit will not impact our effective tax rate in future periods. During fiscal 2017, the unrecognized tax benefit and the offsetting receivable were reduced to $0.8 million due to the expiration of the statue of limitations for certain of the taxable periods. As of April 2, 2017 and April 3, 2016, the liability for uncertain tax positions and the corresponding receivable included $0.1 million and $0.3 million of interest and penalties, respectively. We expect these uncertain income tax amounts to decrease as the applicable examination periods by the relevant taxing authorities expire.

We are subject to U.S. federal income tax as well as income tax of multiple state jurisdictions. The tax years prior to our fiscal year ended April 3, 2016 are closed to examination by the Internal Revenue Service. Our federal tax return filed for our fiscal year ended March 29, 2015 was examined by the Internal Revenue Service with no adjustments. For state and local income tax jurisdictions, the tax years prior to our fiscal year ended March 30, 2014 are closed to examination, with few exceptions.