XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The components of earnings before income taxes consisted of the following for the years ended December 31:
(In thousands) | 2018 |  | 2017 |  | 2016
United States | $ | 191,095 |  | $ | 213,967 |  | $ | 196,827
Foreign | 1,257 |  | (1,123) |  | 2,345
Total earnings before income taxes | $ | 192,352 |  | $ | 212,844 |  | $ | 199,172
Schedule of Provisions of Income Taxes | The provision for income taxes in the Consolidated Statements of Income was as follows for the years ended December 31:
(In thousands) | 2018 |  | 2017 |  | 2016
Current: |  |  |  |  |
Federal | $ | 22,297 |  | $ | 62,274 |  | $ | 61,073
State and local | 6,416 |  | 10,720 |  | 10,560
Foreign | 1,214 |  | 158 |  | 466
Total current provision | 29,927 |  | 73,152 |  | 72,099
Deferred: |  |  |  |  |
Federal | 12,478 |  | 7,614 |  | (2,506)
State and local | 1,639 |  | (806) |  | (110)
Foreign | (243) |  | — |  | 18
Total deferred provision | 13,874 |  | 6,808 |  | (2,598)
Provision for income taxes | $ | 43,801 |  | $ | 79,960 |  | $ | 69,501
Schedule of Income Tax Reconciliation | The provision for income taxes differs from the amount computed by applying the federal statutory rate of 21 percent for 2018 and 35 percent for 2017 and 2016 to income before income taxes for the following reasons for the years ended December 31:
(In thousands) | 2018 |  | 2017 |  | 2016
Income tax at federal statutory rate | $ | 40,394 |  | $ | 74,495 |  | $ | 69,710
State income tax, net of federal income tax impact | 6,261 |  | 6,011 |  | 6,480
Foreign tax rate differential | (598) |  | (322) |  | (614)
Section 162(m) permanent addback | 894 |  | — |  | —
Domestic production deduction | — |  | (5,511) |  | (5,067)
Share-based payment compensation excess tax benefit | (2,914) |  | (7683) |  | —
Federal tax credits | (1,876) |  | (1,110) |  | (1736)
Changes in tax law (TCJA) | 612 |  | 13,210 |  | —
Other | 1,028 |  | 870 |  | 728
Provision for income taxes | $ | 43,801 |  | $ | 79,960 |  | $ | 69,501
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows at December 31:
(In thousands) | 2018 |  | 2017 |  |
Deferred tax assets: |  |  |  |  |
Goodwill and other intangible assets | $ | 3,854 |  | $ | 5,773 |  |
Stock-based compensation | 2,956 |  | 7,607 |  |
Deferred compensation | 6,710 |  | 5,387 |  |
Warranty | 10,931 |  | 9,282 |  |
Inventory | 6,375 |  | 5,591 |  |
Other - domestic | 4,276 |  | 2,966 |  |
Net operating loss and interest carryforwards - foreign | 1,467 |  | 12 |  |
Total deferred tax assets before valuation allowance | 36,569 |  | 36,618 |  |
Less: Valuation allowance - foreign | (1,261) |  | — |  |
Total deferred tax assets net of valuation allowance | 35,308 |  | 36,618 |  |
Deferred tax liabilities: |  |  |  |  |
Fixed assets | (24,360) |  | (12,462) |  |
Net deferred tax assets | $ | 10,948 |  | $ | 24,156 |  |
Schedule of Unrecognized Tax Benefits | The following table reconciles the total amounts of unrecognized tax benefits, at December 31:
(In thousands) | 2018 |  | 2017 |  | 2016
Balance at beginning of period | $ | 4,145 |  | $ | 3,747 |  | $ | 2,854
Changes in tax positions of prior years | 114 |  | (174) |  | 214
Additions based on tax positions related to the current year | 802 |  | 1,255 |  | 1,252
Payments | — |  | (211) |  | —
Closure of tax years | (736) |  | (472) |  | (573)
Balance at end of period | $ | 4,325 |  | $ | 4,145 |  | $ | 3,747

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 income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
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