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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
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) | 2020 |  | 2019 |  | 2018
Current |  |  |  |  |
Federal | $ | 42,337 |  |  | $ | 28,314 |  |  | $ | 27,410 |
State | 12,571 |  |  | 7,465 |  |  | 9,515 |
Foreign | 4,478 |  |  | 6,039 |  |  | 4,605 |
Deferred | 0 |  |  |  |
Federal | 2,330 |  |  | 3,329 |  |  | 3,179 |
State | 598 |  |  | 805 |  |  | 263 |
Foreign | 250 |  |  | (1,577) |  |  | 523 |
| $ | 62,564 |  |  | $ | 44,375 |  |  | $ | 45,495 |
Schedule of income and loss from operations before income taxes | Income and loss from operations before income taxes for the years ended December 31, 2020, 2019, and 2018, respectively, consisted of the following:
| Years Ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Domestic | $ | 238,320 |  |  | $ | 163,257 |  |  | $ | 169,109 |
Foreign | 11,244 |  |  | 15,100 |  |  | 3,019 |
| $ | 249,564 |  |  | $ | 178,357 |  |  | $ | 172,128 |
Schedule of effective income tax rates 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) | 2020 |  | 2019 |  | 2018
Federal tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State taxes, net of federal benefit | 4.2 | % |  | 3.6 | % |  | 4.5 | %
Change in valuation allowance | 0.1 | % |  | (0.1) | % |  | 1.3 | %
True-up of prior year tax returns to tax provision | (0.4) | % |  | (0.3) | % |  | (1.2) | %
Difference between U.S. statutory and foreign local tax rates | 0.4 | % |  | 0.8 | % |  | 0.5 | %
Change in uncertain tax position | — | % |  | 0.1 | % |  | (0.1) | %
Other | (0.2) | % |  | (0.2) | % |  | 0.4 | %
Effective income tax rate | 25.1 | % |  | 24.9 | % |  | 26.4 | %
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, 2020 and 2019, respectively, were as follows:
| December 31,
(in thousands) | 2020 |  | 2019
Deferred asset taxes |  |  |
State tax | $ | 1,076 |  |  | $ | 721 |
Workers’ compensation | 883 |  |  | 828 |
Health claims | 1,207 |  |  | 775 |
Vacation liability | 374 |  |  | 341 |
Allowance for doubtful accounts | 384 |  |  | 324 |
Inventories | 6,108 |  |  | 4,275 |
Sales incentive and advertising allowances | 1,086 |  |  | 1,150 |
Lease obligations | 11,631 |  |  | 8,812 |
Stock-based compensation | 2,148 |  |  | 2,695 |
Unrealized foreign exchange gain or loss | 344 |  |  | 327 |
Foreign tax credit carryforwards | 4,744 |  |  | 4,945 |
Uncertain tax positions’ unrecognized tax benefits | 77 |  |  | 68 |
Foreign tax loss carry forward | 7,717 |  |  | 7,763 |
Other | — |  |  | 1,026 |
| $ | 37,779 |  |  | $ | 34,050 |
Less valuation allowances | (11,316) |  |  | (11,617) |
Total deferred asset taxes | $ | 26,463 |  |  | $ | 22,433 |
Deferred tax liabilities |  |  |
Depreciation | $ | (12,933) |  |  | $ | (10,416) |
Goodwill and other intangibles amortization | (15,642) |  |  | (13,737) |
Tax effect on cumulative translation adjustment | (568) |  |  | (523) |
Right of use assets | (11,489) |  |  | (8,764) |
Other | (247) |  |  | — |
Total deferred tax liabilities | (40,879) |  |  | (33,440) |
Total Deferred tax asset/(liability) | $ | (14,416) |  |  | $ | (11,007) |
Schedule of reconciliation of unrecognized tax benefits, including foreign translation amount | A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2020, 2019 and 2018, respectively, was as follows, including foreign translation amounts:
Reconciliation of Unrecognized Tax Benefits | 2020 |  | 2019 |  | 2018
Balance at January 1 | $ | 1,706 |  |  | $ | 1,757 |  |  | $ | 1,895 |
Additions based on tax positions related to prior years | 78 |  |  | 8 |  |  | — |
Reductions based on tax positions related to prior years | (7) |  |  | (30) |  |  | (171) |
Additions for tax positions of the current year | 48 |  |  | 167 |  |  | 100 |
Lapse of statute of limitations | (657) |  |  | (196) |  |  | (67) |
Balance at December 31 | $ | 1,168 |  |  | $ | 1,706 |  |  | $ | 1,757 |

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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://fasb.org/us-gaap/role/ref/legacyRef -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
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- 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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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
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