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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2023
INCOME TAXES |
Schedule of domestic and foreign components of pretax income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 |
Domestic | ​ | $ | 105,018 | ​ | $ | 84,286 | ​ | $ | 77,434 | ​
Foreign | ​ |  | 14,876 | ​ |  | 13,855 | ​ |  | 8,295 | ​
​ | ​ | $ | 119,894 | ​ | $ | 98,141 | ​ | $ | 85,729 | ​
​
Schedule of components of provision of income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 |
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 21,710 | ​ | $ | 13,070 | ​ | $ | 16,886 | ​
Foreign | ​ |  | 3,775 | ​ |  | 4,110 | ​ |  | 1,983 | ​
State | ​ |  | 3,738 | ​ |  | 2,605 | ​ |  | 2,822 | ​
​ | ​ |  | 29,223 | ​ |  | 19,785 | ​ |  | 21,691 | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ |  | (1,209) | ​ |  | 2,364 | ​ |  | (2,069) | ​
Foreign | ​ |  | 658 | ​ |  | 81 | ​ |  | 39 | ​
State | ​ |  | (664) | ​ |  | 19 | ​ |  | 760 | ​
​ | ​ |  | (1,215) | ​ |  | 2,464 | ​ |  | (1,270) | ​
​ | ​ | $ | 28,008 | ​ | $ | 22,249 | ​ | $ | 20,421 | ​
​
Schedule of significant components of net deferred tax liability | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​
​ |  | 2023 |  | 2022 |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accrued customer promotions | ​ | $ | 1,223 | ​ | $ | 1,269 | ​
Deferred compensation | ​ |  | 21,617 | ​ |  | 17,533 | ​
Postretirement benefits | ​ |  | 2,572 | ​ |  | 2,466 | ​
Other accrued expenses | ​ |  | 4,214 | ​ |  | 7,744 | ​
Foreign subsidiary tax loss carry forward | ​ |  | 5,012 | ​ |  | 4,650 | ​
Outside basis difference in foreign subsidiary | ​ | ​ | 361 | ​ | ​ | 359 | ​
Capitalized research and development costs | ​ | ​ | 6,594 | ​ | ​ | 2,049 | ​
Deductible state tax depreciation | ​ | ​ | 1,386 | ​ | ​ | 893 | ​
Tax credit carry forward | ​ |  | 2,368 | ​ |  | 2,047 | ​
​ | ​ |  | 45,347 | ​ |  | 39,010 | ​
Valuation allowances | ​ |  | (6,361) | ​ |  | (5,703) | ​
Total deferred tax assets | ​ | $ | 38,986 | ​ | $ | 33,307 | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation | ​ | $ | 27,604 | ​ | $ | 27,153 | ​
Deductible goodwill and trademarks | ​ |  | 38,512 | ​ |  | 37,608 | ​
Accrued export company commissions | ​ |  | 4,735 | ​ |  | 4,580 | ​
Employee benefit plans | ​ |  | 4,000 | ​ |  | 395 | ​
Inventory reserves | ​ |  | (688) | ​ |  | 934 | ​
Prepaid insurance | ​ |  | 721 | ​ |  | 1,016 | ​
Unrealized capital gains | ​ | ​ | 2,633 | ​ | ​ | (160) | ​
Deferred foreign exchange gain | ​ | ​ | — | ​ | ​ | 119 | ​
Deferred gain on sale of real estate | ​ |  | 5,240 | ​ |  | 5,213 | ​
Total deferred tax liabilities | ​ | $ | 82,757 | ​ | $ | 76,858 | ​
Net deferred tax liability | ​ | $ | 43,771 | ​ | $ | 43,551 | ​
Schedule of reconciliation of statutory and effective income tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 |
U.S. statutory rate |  | 21.0 | % | 21.0 | % | 21.0 | %
State income taxes, net |  | 3.7 | ​ | 2.3 | ​ | 2.4 | ​
Foreign income tax rates |  | 0.3 | ​ | 1.0 | ​ | 0.2 | ​
Income tax credits and adjustments |  | (0.6) | ​ | (0.8) | ​ | (0.6) | ​
Adjustment of deferred tax balances |  | (0.2) | ​ | (0.7) | ​ | 0.6 | ​
Reserve for uncertain tax benefits |  | (0.2) | ​ | 0.3 | ​ | — | ​
Other, net |  | (0.6) | ​ | (0.4) | ​ | 0.2 | ​
Effective income tax rate |  | 23.4 | % | 22.7 | % | 23.8 | %
Schedule of reconciliation of beginning and ending balances of total amounts of unrecognized tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 |
Unrecognized tax benefits at January 1 | ​ | $ | 3,392 | ​ | $ | 3,133 | ​ | $ | 3,011 | ​
Increases in tax positions for the current year | ​ |  | 510 | ​ |  | 393 | ​ |  | 700 | ​
Reductions in tax positions for lapse of statute of limitations | ​ |  | (1,589) | ​ |  | (134) | ​ |  | (578) | ​
Unrecognized tax benefits at December 31 | ​ | $ | 2,313 | ​ | $ | 3,392 | ​ | $ | 3,133 | ​

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- 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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