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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes by Geographical Area

Income before income taxes by geographic area was, for the years ended December 31:

(in thousands)						2020						2019						2018
Federal						$	77,195					$	46,445					$	48,393
Foreign						4,190						3,997						(5,325)
						$	81,385					$	50,442					$	43,068

Schedule of Income Tax Expense

Income tax expense consisted of the following for the years ended December 31:

(in thousands)						2020						2019						2018
Current
Federal						$	19,014					$	6,976					$	5,155
State						6,363						3,562						3,310
						25,377						10,538						8,465
Deferred
Federal						(2,519)						3,010						4,936
Foreign						963						874						(822)
State						(1,195)						(194)						(805)
						(2,751)						3,690						3,309
Income tax expense						$	22,626					$	14,228					$	11,774

Schedule of Effective Tax Rate Reconciliation

The differences between the U.S. federal statutory tax rate and the Company’s effective tax rate for operations were as follows for the years ended December 31:

						2020						2019						2018
U.S federal statutory rate						21.0		%				21.0		%				21.0		%
State income taxes, net of U.S. federal income tax expense						5.0						4.7						5.2
Change in valuation allowance						0.1						(0.3)						1.2
Tax differential on foreign earnings						—						0.4						(0.5)
Non-deductible meals and entertainment						0.4						0.8						0.8
Stock compensation excess tax benefits						(0.6)						0.1						(0.1)
Uncertain tax positions						0.3						(0.4)						0.1
Provision to return adjustments, net						0.4						0.2						(0.2)
Global intangible low tax income						0.9						0.3						—
Non-controlling interest						—						0.9						(0.5)
Other income, net						0.3						0.5						0.3
Effective rate						27.8		%				28.2		%				27.3		%

Schedule of Net Deferred Tax Assets and (Liabilities)

The net deferred tax assets and (liabilities) arising from temporary differences was as follows at December 31:

(in thousands)						2020						2019
Deferred income tax assets:
Self insurance reserves						$	4,091					$	4,458
Contract loss reserves						703						642
Stock-based awards						1,300						1,164
Bonus						7,554						4,904
Operating lease liabilities						5,715						5,850
Non-U.S. operating loss						3,601						5,499
Other						7,250						3,439
Total deferred income tax assets before valuation allowances						30,214						25,956
Less: valuation allowances						(2,566)						(2,508)
Total deferred income tax assets						27,648						23,448
Deferred income tax liabilities:
Property and equipment — tax over book depreciation						(34,439)						(32,220)
Intangible assets — tax over book amortization						(1,960)						(1,856)
Right-of-use operating lease assets						(5,702)						(5,850)
Non-U.S. deferred income tax liabilities						(1,322)						(2,280)
Other						(2,564)						(2,187)
Total deferred income tax liabilities						(45,987)						(44,393)
Net deferred income taxes						$	(18,339)					$	(20,945)

Schedule of Liability for Unrecognized Tax Benefits Reconciliation

The following is a reconciliation of the beginning and ending liability for unrecognized tax benefits at December 31:

(in thousands)						2020						2019
Balance at beginning of period						$	152					$	327
Gross increases in current period tax positions						217						31
Settlements with taxing authorities						—						(88)
Reductions in tax positions due to lapse of statutory limitations						(16)						(118)
Balance at end of period						353						152
Accrued interest and penalties at end of period						69						24
Total liability for unrecognized tax benefits						$	422					$	176

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