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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2017
INCOME TAXES |
Schedule of domestic and foreign components of pretax income |
|  | 2017 |  | 2016 |  | 2015 |
Domestic |  | $ | 76,042 |  | $ | 87,016 |  | $ | 82,276 |
Foreign |  |  | 8,519 |  |  | 10,896 |  |  | 10,302 |
|  | $ | 84,561 |  | $ | 97,912 |  | $ | 92,578 |
Schedule of components of provision of income taxes |
|  | 2017 |  | 2016 |  | 2015 |
Current: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 6,019 |  | $ | 28,484 |  | $ | 26,259 |
Foreign |  |  | — |  |  | 86 |  |  | (596) |
State |  |  | 369 |  |  | 1,954 |  |  | 785 |
|  |  | 6,388 |  |  | 30,524 |  |  | 26,448 |
Deferred: |  |  |  |  |  |  |  |  |  |
Federal |  |  | (7,191) |  |  | (2,547) |  |  | (1,189) |
Foreign |  |  | 3,425 |  |  | 3,323 |  |  | 2,106 |
State |  |  | 1,285 |  |  | (707) |  |  | (914) |
|  |  | (2,481) |  |  | 69 |  |  | 3 |
|  | $ | 3,907 |  | $ | 30,593 |  | $ | 26,451 |
Schedule of significant components of net deferred tax liability |
|  | December 31, |
|  | 2017 |  | 2016 |
Deferred tax assets: |  |  |  |  |  |  |
Accrued customer promotions |  | $ | 1,583 |  | $ | 3,194 |
Deferred compensation |  |  | 15,403 |  |  | 26,509 |
Postretirement benefits |  |  | 3,352 |  |  | 4,732 |
Other accrued expenses |  |  | 4,200 |  |  | 6,543 |
Foreign subsidiary tax loss carry forward |  |  | 7,270 |  |  | 8,452 |
Tax credit carry forward |  |  | 3,435 |  |  | 2,514 |
|  |  | 35,243 |  |  | 51,944 |
Valuation allowance |  |  | (3,269) |  |  | (2,317) |
Total deferred tax assets |  | $ | 31,974 |  | $ | 49,627 |
Deferred tax liabilities: |  |  |  |  |  |  |
Depreciation |  | $ | 18,791 |  | $ | 28,049 |
Deductible goodwill and trademarks |  |  | 34,593 |  |  | 45,733 |
Accrued export company commissions |  |  | 4,189 |  |  | 6,044 |
Employee benefit plans |  |  | 4,662 |  |  | 928 |
Inventory reserves |  |  | 2,147 |  |  | 3,529 |
Prepaid insurance |  |  | 769 |  |  | 1,015 |
Other prepaid expenses |  |  | 1,196 |  |  | — |
Deferred foreign exchange gain |  |  | 405 |  |  | 436 |
Unrealized capital gain |  |  | 977 |  |  | 733 |
Deferred gain on sale of real estate |  |  | 5,278 |  |  | 8,093 |
Total deferred tax liabilities |  | $ | 73,007 |  | $ | 94,560 |
Net deferred tax liability |  | $ | 41,033 |  | $ | 44,933 |
Schedule of reconciliation of statutory and effective income tax rate |
|  | 2017 |  | 2016 |  | 2015 |
U.S. statutory rate |  | 35.0 | % | 35.0 | % | 35.0 | %
State income taxes, net |  | 1.6 |  | 1.0 |  | 1.1 |
Exempt municipal bond interest |  | (0.1) |  | (0.1) |  | (0.1) |
Foreign tax rates |  | 0.5 |  | (0.4) |  | (1.3) |
Qualified domestic production activities deduction |  | (0.8) |  | (2.7) |  | (2.6) |
Tax credits receivable |  | (1.4) |  | (0.5) |  | (1.2) |
Adjustment of deferred tax balances |  | (24.2) |  | (0.5) |  | 0.2 |
Reserve for uncertain tax benefits |  | (0.3) |  | — |  | (2.1) |
Worthless stock deduction |  | (3.8) |  | — |  | — |
Other, net |  | (1.9) |  | (0.6) |  | (0.4) |
Effective income tax rate |  | 4.6 | % | 31.2 | % | 28.6 | %
Schedule of reconciliation of beginning and ending balances of total amounts of unrecognized tax benefits |
|  | 2017 |  | 2016 |  | 2015 |
Unrecognized tax benefits at January 1 |  | $ | 4,746 |  | $ | 4,680 |  | $ | 6,993 |
Increases in tax positions for the current year |  |  | 394 |  |  | 803 |  |  | 812 |
Reductions in tax positions for lapse of statute of limitations |  |  | (793) |  |  | (718) |  |  | (865) |
Reductions in tax positions relating to settlements with taxing authorities |  |  | — |  |  | (27) |  |  | (772) |
Increases (decreases) in prior period unrecognized tax benefits |  |  | (5) |  |  | 8 |  |  | (1,488) |
Unrecognized tax benefits at December 31 |  | $ | 4,342 |  | $ | 4,746 |  | $ | 4,680 |

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