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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
INCOME TAXES |
Schedule of domestic and foreign components of pretax income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Domestic | ​ | $ | 84,286 | ​ | $ | 77,434 | ​ | $ | 69,211 | ​
Foreign | ​ |  | 13,855 | ​ |  | 8,295 | ​ |  | 7,051 | ​
​ | ​ | $ | 98,141 | ​ | $ | 85,729 | ​ | $ | 76,262 | ​
​
Schedule of components of provision of income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 13,070 | ​ | $ | 16,886 | ​ | $ | 14,831 | ​
Foreign | ​ |  | 4,110 | ​ |  | 1,983 | ​ |  | 1,029 | ​
State | ​ |  | 2,605 | ​ |  | 2,822 | ​ |  | 1,763 | ​
​ | ​ |  | 19,785 | ​ |  | 21,691 | ​ |  | 17,623 | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | 2,364 | ​ |  | (2,069) | ​ |  | (1,006) | ​
Foreign | ​ |  | 81 | ​ |  | 39 | ​ |  | 1,316 | ​
State | ​ |  | 19 | ​ |  | 760 | ​ |  | (645) | ​
​ | ​ |  | 2,464 | ​ |  | (1,270) | ​ |  | (335) | ​
​ | ​ | $ | 22,249 | ​ | $ | 20,421 | ​ | $ | 17,288 | ​
​
Schedule of significant components of net deferred tax liability | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​
​ |  | 2022 |  | 2021 |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accrued customer promotions | ​ | $ | 1,269 | ​ | $ | 2,107 | ​
Deferred compensation | ​ |  | 17,533 | ​ |  | 22,311 | ​
Postretirement benefits | ​ |  | 2,466 | ​ |  | 3,324 | ​
Other accrued expenses | ​ |  | 7,744 | ​ |  | 5,158 | ​
Foreign subsidiary tax loss carry forward | ​ |  | 4,650 | ​ |  | 4,497 | ​
Outside basis difference in foreign subsidiary | ​ | ​ | 359 | ​ | ​ | 365 | ​
Capitalized research and development costs | ​ | ​ | 2,049 | ​ | ​ | — | ​
Deductible state tax depreciation | ​ | ​ | 893 | ​ | ​ | 736 | ​
Tax credit carry forward | ​ |  | 2,047 | ​ |  | 2,517 | ​
​ | ​ |  | 39,010 | ​ |  | 41,015 | ​
Valuation allowances | ​ |  | (5,703) | ​ |  | (5,555) | ​
Total deferred tax assets | ​ | $ | 33,307 | ​ | $ | 35,460 | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation | ​ | $ | 27,153 | ​ | $ | 23,342 | ​
Deductible goodwill and trademarks | ​ |  | 37,608 | ​ |  | 38,255 | ​
Accrued export company commissions | ​ |  | 4,580 | ​ |  | 4,615 | ​
Employee benefit plans | ​ |  | 395 | ​ |  | 525 | ​
Inventory reserves | ​ |  | 934 | ​ |  | 2,532 | ​
Prepaid insurance | ​ |  | 1,016 | ​ |  | 965 | ​
Unrealized capital gains | ​ | ​ | (160) | ​ | ​ | 3,874 | ​
Deferred foreign exchange gain | ​ | ​ | 119 | ​ | ​ | 132 | ​
Deferred gain on sale of real estate | ​ |  | 5,213 | ​ |  | 5,309 | ​
Total deferred tax liabilities | ​ | $ | 76,858 | ​ | $ | 79,549 | ​
Net deferred tax liability | ​ | $ | 43,551 | ​ | $ | 44,089 | ​
​
Schedule of reconciliation of statutory and effective income tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
U.S. statutory rate |  | 21.0 | % | 21.0 | % | 21.0 | %
State income taxes, net |  | 2.3 | ​ | 2.4 | ​ | 2.1 | ​
Foreign income tax rates |  | 1.0 | ​ | 0.2 | ​ | 1.0 | ​
Income tax credits and adjustments |  | (0.8) | ​ | (0.6) | ​ | (1.4) | ​
Adjustment of deferred tax balances |  | (0.7) | ​ | 0.6 | ​ | (0.2) | ​
Reserve for uncertain tax benefits |  | 0.3 | ​ | — | ​ | (0.8) | ​
Other, net |  | (0.4) | ​ | 0.2 | ​ | 1.0 | ​
Effective income tax rate |  | 22.7 | % | 23.8 | % | 22.7 | %
​
Schedule of reconciliation of beginning and ending balances of total amounts of unrecognized tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Unrecognized tax benefits at January 1 | ​ | $ | 3,133 | ​ | $ | 3,011 | ​ | $ | 3,678 | ​
Increases in tax positions for the current year | ​ |  | 393 | ​ |  | 700 | ​ |  | 377 | ​
Reductions in tax positions for lapse of statute of limitations | ​ |  | (134) | ​ |  | (578) | ​ |  | (501) | ​
Reductions in tax positions for settlements and payments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (308) | ​
Increases (decreases) in prior period unrecognized tax benefits due to change in judgment | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (235) | ​
Unrecognized tax benefits at December 31 | ​ | $ | 3,392 | ​ | $ | 3,133 | ​ | $ | 3,011 | ​
​

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