XML 50 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision for income taxes is comprised of (in thousands):

		Years ended December 31,
		2018				2017				2016
Current:
Federal		$	13,486			$	17,557			$	18,307
State			3,641				3,302				3,472
			17,127				20,859				21,779
Deferred:
Federal			221				(5,895	)			(338	)
State			90				(284	)			(267	)
			311				(6,179	)			(605	)
Total tax expense		$	17,438			$	14,680			$	21,174

Reconciliation Between Effective Tax Rate on Net Income (Loss) and Federal Statutory Tax Rate

The reconciliation between our effective tax rate on net income and the federal statutory rate is as follows (dollars in thousands):

		Years ended December 31,
		2018								2017								2016
Income tax at federal statutory rate		$	15,159				21.0	%		$	19,537				35.0	%		$	20,864				35.0	%
Stock compensation			(436	)			(0.6	%)			(581	)			(1.0	%)			(227	)			(0.4	%)
Qualified Production Activity Deduction			—				0.0	%			(1,715	)			(3.1	%)			(1,776	)			(3.0	%)
Other permanent items			(667	)			(0.8	%)			197				0.4	%			(92	)			(0.1	%)
Change in valuation allowance			312				0.4	%			285				0.5	%			442				0.7	%
Change in uncertain tax positions			969				1.3	%			(1,807	)			(3.2	%)			66				0.1	%
State income taxes, net of federal benefit			2,911				4.0	%			2,150				3.8	%			1,897				3.2	%
Rate impact of the Tax Act			(810	)			(1.1	%)			(3,386	)			(6.1	%)			—				—	%
Total tax expense		$	17,438				24.2	%		$	14,680				26.3	%		$	21,174				35.5	%

Net Deferred Tax Asset or Liability

Components of the net deferred tax asset or liability are as follows (in thousands):

		As of December 31,
		2018				2017
Deferred Tax Assets
Long-term
Accrued reserves and allowances		$	4,245			$	3,916
Allowance for doubtful accounts			500				426
Inventories			335				213
Intangibles			4,937				3,279
Net operating loss carryforwards			1,446				2,623
Other			4				10
Long-term deferred tax assets			11,467				10,467
Less: Valuation allowance			(1,255	)			(1,746	)
Net deferred tax assets			10,212				8,721
Deferred Tax Liabilities
Long-term
Accrued reserves and allowances			(365	)			(308	)
Property and equipment			(2,091	)			(1,453	)
Intangibles			(3,850	)			(3,543	)
Investment in partnership			(10,266	)			(9,189	)
Other			(242	)			(208	)
Long-term deferred tax liabilities			(16,814	)			(14,701	)
Net deferred tax liabilities		$	(6,602	)		$	(5,980	)

Rollforward of Gross Unrecognized Tax Benefits

A rollforward of the gross unrecognized tax benefits is as follows (in thousands):

Unrecognized tax benefit, January 1, 2016		$	3,586
Increase as a result of tax positions taken during the period			2,354
Decrease as a result of tax positions taken during the period			(1,356	)
Decrease as a result of expiring statutes			(487	)
Unrecognized tax benefit, December 31, 2016		$	4,097
Increase as a result of tax positions taken during the period			4,353
Decrease as a result of tax positions taken during the period			(2,311	)
Decrease as a result of expiring statutes			(1,689	)
Unrecognized tax benefit, December 31, 2017		$	4,450
Increase as a result of tax positions taken during the period			3,846
Decrease as a result of tax positions taken during the period			(2,850	)
Decrease as a result of expiring statutes			(97	)
Unrecognized tax benefit, December 31, 2018		$	5,349

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://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

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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-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 the change in unrecognized tax benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320

Reference 2: 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

+ Details

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