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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of components of income before income taxes

The components of income before income taxes consist of the following:

		Year ended December 31,
		2017				2016				2015
U.S. operations		$	10,761			$	12,441			$	11,564
Foreign operations			67,304				54,633				48,932
		$	78,065			$	67,074			$	60,496

Schedule of provision for current and deferred income tax expense (benefit)

The provision for current and deferred income tax expense (benefit) consists of the following:

		Year ended December 31,
		2017				2016				2015
Current:
Federal		$	4,050			$	3,792			$	3,660
State and local			302				309				220
Foreign			19,051				21,099				16,806
			23,403				25,200				20,686
Deferred:
Federal			(554	)			113				30
State and local			(55	)			9				1
Foreign			18				(1,496	)			810
			(591	)			(1,374	)			841
Total income tax expense		$	22,812			$	23,826			$	21,527

Schedule of significant portions of the deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:

		December 31,
		2017				2016
Net deferred tax assets:
Foreign net operating loss carry-forwards		$	520			$	821
Inventory and accounts receivable			1,557				1,875
Profit sharing			4,212				3,187
Stock option compensation			502				864
Effect of inventory profit elimination			3,166				2,888
Other			222				(724	)
Total gross deferred tax assets, net			10,179				8,911
Valuation allowance			(520	)			(821	)
Net deferred tax assets			9,659				8,090
Deferred tax liabilities (long-term):
Trademarks and licenses			(3,821	)			(3,449	)
Other			—				—
Total deferred tax liabilities			(3,821	)			(3,449	)
Net deferred tax assets		$	5,838			$	4,641

Schedule of differences between the united states federal statutory income tax rate and the effective income tax rate

Differences between the United States Federal statutory income tax rate and the effective income tax rate were as follows:

		Year ended December 31,
		2017				2016				2015
Statutory rates			34.0	%			34.0	%			34.0	%
State and local taxes, net of Federal benefit			0.2				0.3				0.2
Deferred tax effect of statutory tax rate changes			1.4				—				—
Foreign income tax recovery			(4.6	)			—				—
Effect of foreign taxes greater than
(less than) U.S. statutory rates			(1.0	)			1.5				1.6
Other			(0.8	)			(0.3	)			(0.2	)
Effective rates			29.2	%			35.5	%			35.6	%

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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=84230637&loc=d3e32639-109319

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- 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

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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.

+ 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

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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

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