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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Before Income Taxes

The components of income before income taxes consisted of the following (in thousands):

		Year Ended December 31,
		2019				2018				2017
Domestic		$	117,326			$	88,014			$	52,986
Foreign jurisdictions			7,506				5,937				3,959
Income before income taxes		$	124,832			$	93,951			$	56,945

Schedule of Income Tax Provision

Income tax provision consisted of the following (in thousands):

		Current			Deferred				Total
Year ended December 31, 2019
U.S. Federal		$	10,577		$	8,922			$	19,499
U.S. state and local			1,761			987				2,748
Foreign jurisdictions			2,023			119				2,142
		$	14,361		$	10,028			$	24,389
Year ended December 31, 2018
U.S. Federal		$	13,372		$	4,172			$	17,544
U.S. state and local			1,912			(116	)			1,796
Foreign jurisdictions			1,408			18				1,426
		$	16,692		$	4,074			$	20,766
Year ended December 31, 2017
U.S. Federal		$	10,953		$	3,466			$	14,419
U.S. state and local			2,032			51				2,083
Foreign jurisdictions			1,576			(255	)			1,321
		$	14,561		$	3,262			$	17,823

Summary Of Difference Between Statutory Rate for Federal Income Tax and Effective Income Tax Rate

The difference between the statutory rate for federal income tax and the effective income tax rate was as follows (in thousands):

		Year Ended December 31,
		2019								2018								2017
Income tax expense calculated    at the federal statutory rate		$	26,215				21.0	%		$	19,730				21.0	%		$	19,931				35.0	%
Effect of:
State and local taxes, net    of federal benefit			2,021				1.6				1,978				2.1				1,606				2.8
Tax on foreign earnings,    net of tax credits and    deductions			593				0.4				172				0.2				(69	)			(0.1	)
Tax reform adjustment			-				-				(195	)			(0.2	)			(3,418	)			(6.0	)
Write off of Deferred Tax Assets			-				-				509				0.6				-				-
Deferred credit			(802	)			(0.6	)			(802	)			(0.9	)			(1,053	)			(1.9	)
Permanent items:
Stock-based awards			(3,011	)			(2.4	)			(651	)			(0.7	)			(179	)			(0.3	)
Tax reform			-				-				126				0.1				574				1.0
Deduction for FDII			(2,283	)			(1.8	)			-				-				-				-
Other			964				0.8				687				0.7				483				0.9
State/Local tax credits			(793	)			(0.6	)			(1,253	)			(1.3	)			(1,187	)			(2.1	)
Foreign tax credits			-				-				(727	)			(0.8	)			-				-
Change in liability for    uncertain tax positions			1,325				1.0				1,102				1.2				1,141				2.0
Other			160				0.1				90				0.1				(6	)			(0.0	)
		$	24,389				19.5	%		$	20,766				22.1	%		$	17,823				31.3	%

Schedule of Components of Company's Net Deferred Tax Asset (Liability)

Components of the Company’s net deferred tax asset (liability) included in the consolidated balance sheets consisted of the following at December 31 (in thousands):

		2019				2018
Deferred tax assets:
Accrued liabilities		$	12,229			$	18,670
Depreciation and amortization			1,121				872
Foreign operating loss carryforward			447				248
U.S. state and local tax credits and    carryforward			184				223
Other			96				41
Valuation allowance			(755	)			(169	)
Total deferred tax assets			13,322				19,885
Deferred tax liabilities:
Depreciation and amortization			(21,787	)			(18,803	)
Prepaid expenses			(808	)			(550	)
Advanced billings			(3,147	)			-
Other			(53	)			(258	)
Total deferred tax liabilities			(25,795	)			(19,611	)
Net deferred tax asset		$	(12,473	)		$	274

Schedule of Annual Activity Related to Valuation Allowance

Annual activity related to the Company’s valuation allowance is as follows (in thousands):

		Year Ended December 31,
		2019				2018				2017
Beginning Balance		$	169			$	2,394			$	987
Additions charged to expense			375				-				-
Additions due to asset acquisition			265				-				2,033
Reductions from utilization, reassessments and    expirations			(54	)			(2,225	)			3
Remeasurement due to effect of tax reform			-				-				(629	)
Ending Balance		$	755			$	169			$	2,394

Schedule of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):

		Year Ended December 31,
		2019				2018				2017
Beginning Balance		$	8,525			$	6,890			$	5,698
Increases in tax positions for prior years			-				-				5
Decreases in tax positions for prior years			(888	)			(579	)			-
Increases in tax positions for current year			2,081				2,214				1,187
Lapse in statute of limitations			-				-				-
Ending Balance		$	9,718			$	8,525			$	6,890

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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.

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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.

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