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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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)	2019				2018				2017
Current
Federal	$	28,314			$	27,410			$	36,077
State	7,465				9,515				6,357
Foreign	6,039				4,605				3,068
Deferred	0
Federal	3,329				3,179				6,093
State	805				263				544
Foreign	(1,577		)		523				(338		)
	$	44,375			$	45,495			$	51,801

Schedule of income and loss from operations before income taxes

Income and loss from operations before income taxes for the years ended December 31, 2019, 2018, and 2017, respectively, consisted of the following:

	Years Ended December 31,
(in thousands)	2019				2018				2017
Domestic	$	163,257			$	169,109			$	132,105
Foreign	15,100				3,019				12,313
	$	178,357			$	172,128			$	144,418

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)	2019			2018			2017
Federal tax rate	21.0	%		21.0	%		35.0	%
State taxes, net of federal benefit	3.6	%		4.5	%		3.2	%
Tax benefit of domestic manufacturing deduction	—	%		—	%		(2.0	)%
Mandatory deemed repatriation of foreign earnings	—	%		—	%		2.7	%
Change in U.S. tax rate applied to deferred taxes	—	%		—	%		(1.9	)%
Change in valuation allowance	(0.1	)%		1.3	%		1.3	%
True-up of prior year tax returns to tax provision	(0.3	)%		(1.2	)%		(0.5	)%
Difference between United States statutory and foreign local tax rates	0.8	%		0.5	%		(0.8	)%
Change in uncertain tax position	0.1	%		(0.1	)%		—	%
Other	(0.2	)%		0.4	%		(1.1	)%
Effective income tax rate	24.9	%		26.4	%		35.9	%

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, 2019 and 2018, respectively, were as follows:

	December 31,
(in thousands)	2019				2018
Deferred asset taxes
State tax	$	721			$	919
Workers’ compensation	828				785
Health claims	775				445
Vacation liability	341				370
Allowance for doubtful accounts	324				171
Inventories	4,275				5,659
Sales incentive and advertising allowances	1,150				799
Lease obligations	8,812				—
Stock-based compensation	2,695				3,074
Unrealized foreign exchange gain or loss	327				440
Foreign tax credit carryforwards	4,945				5,043
Uncertain tax positions’ unrecognized tax benefits	68				39
Foreign tax loss carry forward	7,763				8,091
Other	1,026				1,813
	$	34,050			$	27,648
Less valuation allowances	(11,617		)		(13,254		)
Total deferred asset taxes	$	22,433			$	14,394
Deferred tax liabilities
Depreciation	$	(10,416	)		$	(9,189	)
Goodwill and other intangibles amortization	(13,737		)		(13,027		)
Tax effect on cumulative translation adjustment	(523		)		(497		)
Right of use assets	(8,764		)		—
Total deferred tax liabilities	(33,440		)		(22,713		)
Total Deferred tax asset/(liability)	$	(11,007	)		$	(8,319	)

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

A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2019, 2018 and 2017, respectively, was as follows, including foreign translation amounts:

Reconciliation of Unrecognized Tax Benefits	2019				2018				2017
Balance at January 1	$	1,757			$	1,895			$	1,119
Additions based on tax positions related to prior years	8				—				660
Reductions based on tax positions related to prior years	(30		)		(171		)		(1		)
Additions for tax positions of the current year	167				100				319
Lapse of statute of limitations	(196		)		(67		)		(202		)
Balance at December 31	$	1,706			$	1,757			$	1,895

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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 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.

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

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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.

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