XML 46 R30.htm IDEA: XBRL DOCUMENT
v3.3.1.900

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
INCOME TAXES [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense (benefit) consists of the following:
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Current |  |  |  |  |  |  |  |  |
Federal |  | $ | 17,598 |  |  | $ | 10,257 |  |  | $ | 18,253 |
State |  |  | 2,907 |  |  |  | 1,611 |  |  |  | 2,621 |
|  |  | 20,505 |  |  |  | 11,868 |  |  |  | 20,874 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (2,476 | ) |  |  | 4,323 |  |  |  | (706 | )
State |  |  | (543 | ) |  |  | 477 |  |  |  | 54 |
|  |  | (3,019 | ) |  |  | 4,800 |  |  |  | (652 | )
|  | $ | 17,486 |  |  | $ | 16,668 |  |  | $ | 20,222 |
Schedule of Effective Income Tax Rate Reconciliation | The differences between income tax expense in the accompanying Consolidated Financial Statements and the amount computed by applying the statutory Federal income tax rate are as follows:
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Statutory rates applied to income before income taxes |  | $ | 15,846 |  |  | $ | 8,840 |  |  | $ | 18,370 |
State income taxes, net of Federal tax benefit |  |  | 1,487 |  |  |  | 788 |  |  |  | 1,610 |
Net permanent differences |  |  | (11 | ) |  |  | 42 |  |  |  | 316 |
Release of debit balance in accumulated other comprehensive income related to settled pension obligations |  |  | — |  |  |  | 6,866 |  |  |  | — |
Change in deferred tax asset valuation allowance |  |  | — |  |  |  | — |  |  |  | (1,363 | )
Change in state credits |  |  | — |  |  |  | 110 |  |  |  | 1,466 |
Other |  |  | 164 |  |  |  | 22 |  |  |  | (177 | )
|  | $ | 17,486 |  |  | $ | 16,668 |  |  | $ | 20,222 |
Schedule of Deferred Tax Assets and Liabilities | The amounts in the following table are grouped based on broad categories of items that generate the deferred tax assets and liabilities.
(In thousands) |  | 2015 |  |  | 2014 |
Deferred tax assets: |  |  |  |  |  |
Accounts receivable |  | $ | 772 |  |  | $ | 743 |
Property and equipment |  |  | 9,250 |  |  |  | 5,787 |
Leases |  |  | 5,880 |  |  |  | 5,055 |
Accrued liabilities |  |  | 10,916 |  |  |  | 9,523 |
Retirement benefits |  |  | 579 |  |  |  | 720 |
Other |  |  | 31 |  |  |  | 31 |
Total deferred tax assets |  |  | 27,428 |  |  |  | 21,859 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Inventory |  |  | 9,285 |  |  |  | 9,198 |
Other |  |  | 898 |  |  |  | 740 |
Total deferred tax liabilities |  |  | 10,183 |  |  |  | 9,938 |
Net deferred tax assets |  | $ | 17,245 |  |  | $ | 11,921 |
These groupings are detailed in the following table:
(In thousands) |  | 2015 |  |  | 2014 |
Current assets (liabilities): |  |  |  |  |  |
Current deferred assets |  | $ | — |  |  | $ | 5,801 |
Current deferred liabilities |  |  | — |  |  |  | (11,490 | )
|  |  | — |  |  |  | (5,689 | )
Non-current assets (liabilities): |  |  |  |  |  |  |  |
Non-current deferred assets |  |  | 27,428 |  |  |  | 38,978 |
Non-current deferred liabilities |  |  | (10,183 | ) |  |  | (21,368 | )
|  |  | 17,245 |  |  |  | 17,610 |
Net deferred tax assets |  | $ | 17,245 |  |  | $ | 11,921 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration