XML 248 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes from operations

The provision for income taxes from operations consisted of the following: 

	Years Ended December 31,
(in thousands)	2017				2016				2015
Current
Federal	$	36,077			$	39,649			$	29,684
State	6,357				7,053				5,001
Foreign	3,068				3,333				3,568
Deferred
Federal	6,093				260				2,390
State	544				13				753
Foreign	(338		)		(1,142		)		(605		)
	$	51,801			$	49,166			$	40,791

Schedule of income and loss from operations before income taxes

Income and loss from operations before income taxes for the years ended December 31, 2017, 2016, and 2015, respectively, consisted of the following:

	Years Ended December 31,
(in thousands)	2017				2016				2015
Domestic	$	132,105			$	131,827			$	106,381
Foreign	12,313				7,073				2,298
	$	144,418			$	138,900			$	108,679

Schedule of effective income tax rates reconciliations

Reconciliations between the statutory federal income tax rates and the Company’s effective income tax rates as a percentage of income before income taxes for its operations were as follows:

	Years Ended December 31,
(in thousands)	2017			2016			2015
Federal tax rate	35.0	%		35.0	%		35.0	%
State taxes, net of federal benefit	3.2	%		3.4	%		3.3	%
Tax benefit of domestic manufacturing deduction	(2.0	)%		(2.5	)%		(2.3	)%
Mandatory deemed repatriation of foreign earnings	2.7	%		—	%		—	%
Change in U.S. tax rate applied to deferred taxes	(1.9	)%		—	%		—	%
Change in valuation allowance	1.3	%		(0.1	)%		1.3	%
Difference between United States statutory and foreign local tax rates	(0.8	)%		(0.3	)%		0.2	%
Change in uncertain tax position	—	%		(0.2	)%		0.3	%
Other	(1.6	)%		0.1	%		(0.3	)%
Effective income tax rate	35.9	%		35.4	%		37.5	%

Schedule of deferred tax assets and liabilities

The tax effects of the significant temporary differences that constitute the deferred tax assets and liabilities at December 31, 2017 and 2016, respectively, were as follows:

	December 31,
(in thousands)	2017				2016
Deferred asset taxes
State tax	$	1,390			$	2,518
Workers’ compensation	822				1,381
Health claims	487				755
Vacation liability	1,008				1,485
Allowance for doubtful accounts	104				123
Inventories	5,385				6,833
Sales incentive and advertising allowances	709				1,126
Acquisition costs	—				528
Unrealized foreign exchange gain or loss	291				678
Stock-based compensation	2,967				5,550
Foreign tax credit carryforwards	4,453				1,288
Uncertain tax positions’ unrecognized tax benefits	31				104
Foreign tax loss carry forward	6,892				6,841
Other	1,291				1,259
	$	25,830			$	30,469
Less valuation allowances	(11,114		)		(6,868		)
	14,716				23,601
Deferred tax liabilities
Depreciation	$	(7,050	)		$	(6,138	)
Goodwill and other intangibles amortization	(11,331		)		(14,126		)
Tax effect on cumulative translation adjustment	(487		)		(667		)
Other	—				(744		)
	(18,868		)		(21,675		)
Total Deferred tax	$	(4,152	)		$	1,926

Schedule of reconciliation of unrecognized tax benefits, including foreign translation amount

A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2017, 2016 and 2015, respectively, was as follows, including foreign translation amounts:

Reconciliation of Unrecognized Tax Benefits	2017				2016				2015
Balance at January 1	$	1,119			$	1,107			$	1,307
Additions based on tax positions related to prior years	660				204				310
Reductions based on tax positions related to prior years	(1		)		—				(514		)
Additions for tax positions of the current year	319				155				191
Lapse of statute of limitations	(202		)		(347		)		(187		)
Balance at December 31	$	1,895			$	1,119			$	1,107

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=84230637&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=84230637&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=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration