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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Taxes |
Schedule of income tax expense (benefit) and deferred tax |
(In thousands) |  | 2017 |  | 2016 |  | 2015
Income from continuing operations before income taxes: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 128,040 |  | $ | 116,273 |  | $ | 74,115
Income tax expense (benefit) on income from continuing operations: |  |  |  |  |  |  |  |  |
Currently payable: |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 25,003 |  | $ | 24,594 |  | $ | 9,656
State and local |  |  | 4,438 |  |  | 3,646 |  |  | 1,811
Deferred: |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | (61,024) |  |  | 10,966 |  |  | 12,633
State and local |  |  | 1,490 |  |  | 4,461 |  |  | (29,108)
|  | $ | (30,093) |  | $ | 43,667 |  | $ | (5,008)
Deferred tax assets at December 31: |  |  |  |  |  |  |  |  |
Receivables, net |  | $ | 1,280 |  | $ | 1,830 |  |  |
Inventories, net |  |  | 1,307 |  |  | 1,614 |  |  |
Other assets, principally share-based compensation |  |  | 2,317 |  |  | 2,198 |  |  |
Accrued liabilities |  |  | 5,286 |  |  | 10,514 |  |  |
Long-term liabilities |  |  | 9,020 |  |  | 13,731 |  |  |
Net operating loss carryforward |  |  | 21,381 |  |  | 17,979 |  |  |
|  |  | 40,591 |  |  | 47,866 |  |  |
Valuation allowance |  |  | — |  |  | — |  |  |
|  |  | 40,591 |  |  | 47,866 |  |  |
Deferred tax liabilities at December 31: |  |  |  |  |  |  |  |  |
Property and equipment, net |  |  | 13,008 |  |  | 14,703 |  |  |
Intangibles, net |  |  | 142,118 |  |  | 207,116 |  |  |
Other |  |  | 176 |  |  | 293 |  |  |
|  |  | 155,302 |  |  | 222,112 |  |  |
Net deferred tax liability at December 31 |  | $ | 114,711 |  | $ | 174,246 |  |  |
Schedule of reconciliation of the U.S. Federal statutory tax rate to the income tax expense (benefit) |
|  | 2017 |  |  | 2016 |  |  | 2015 |
U.S. Federal statutory tax rate |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State and local taxes, net of U.S. Federal tax benefit |  | 3.5 |  |  | 5.7 |  |  | (24.4) |
Valuation allowance |  | — |  |  | (0.7) |  |  | (18.2) |
Domestic Production Activities Deduction |  | (1.7) |  |  | (1.7) |  |  | — |
Share based compensation |  | (2.3) |  |  | (0.5) |  |  | — |
Effect of U.S. Federal tax rate change on deferred balances |  | (57.9) |  |  | — |  |  | — |
Other, net |  | (0.6) |  |  | (0.2) |  |  | 0.8 |
Effective tax rate |  | (24.0) | % |  | 37.6 | % |  | (6.8) | %

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- 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=65882285&loc=d3e32639-109319 + Details
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- 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=65882285&loc=d3e32687-109319 + Details
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