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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The Company's income before income taxes and income tax expense, each by tax jurisdiction, consists of the following (dollars in thousands):
|  | Year ended December 31,
|  | 2019 |  | 2018 |  | 2017
Income before income taxes: |  |  |  |  |  |
Domestic |  | $ | 52,190 |  |  | $ | 64,670 |  |  | $ | 46,180 |
Foreign |  | 26,070 |  |  | 27,690 |  |  | 23,700 |
Total income before income taxes |  | $ | 78,260 |  |  | $ | 92,360 |  |  | $ | 69,880 |
Current income tax expense: |  |  |  |  |  |
Federal |  | $ | 3,530 |  |  | $ | 4,410 |  |  | $ | 10,990 |
State and local |  | 1,280 |  |  | 2,060 |  |  | 1,640 |
Foreign |  | 7,070 |  |  | 6,200 |  |  | 6,010 |
Total current income tax expense |  | 11,880 |  |  | 12,670 |  |  | 18,640 |
Deferred income tax expense (benefit): |  |  |  |  |  |
Federal |  | 4,890 |  |  | 4,570 |  |  | 15,200 |
State and local |  | 500 |  |  | 1,310 |  |  | 1,280 |
Foreign |  | (950 | ) |  | 100 |  |  | (1,200 | )
Total deferred income tax expense |  | 4,440 |  |  | 5,980 |  |  | 15,280 |
Income tax expense |  | $ | 16,320 |  |  | $ | 18,650 |  |  | $ | 33,920 |
Schedule of Deferred Tax Assets and Liabilities | The components of deferred taxes are as follows (dollars in thousands):
|  | December 31, 2019 |  | December 31, 2018
Deferred tax assets: |  |  |  |
Accounts receivable |  | $ | 480 |  |  | $ | 590 |
Inventories |  | 4,390 |  |  | 3,040 |
Accrued liabilities and other long-term liabilities |  | 12,210 |  |  | 14,470 |
Operating lease liability |  | 6,790 |  |  | — |
Tax loss and credit carryforwards |  | 9,200 |  |  | 5,740 |
Other, principally deferred income |  | 340 |  |  | 330 |
Gross deferred tax asset |  | 33,410 |  |  | 24,170 |
Valuation allowances |  | (8,310 | ) |  | (4,330 | )
Net deferred tax asset |  | 25,100 |  |  | 19,840 |
Deferred tax liabilities: |  |  |  |
Property and equipment |  | (20,650 | ) |  | (14,620 | )
Right of use asset |  | (6,700 | ) |  | — |
Goodwill and other intangible assets |  | (13,250 | ) |  | (6,420 | )
Investment in foreign affiliates, including withholding tax |  | (830 | ) |  | (1,050 | )
Gross deferred tax liability |  | (41,430 | ) |  | (22,090 | )
Net deferred tax liability |  | $ | (16,330 | ) |  | $ | (2,250 | )
Schedule of Effective Income Tax Rate Reconciliation | The following is a reconciliation of income tax expense computed at the U.S. federal statutory rate to income tax expense allocated to income before income taxes (dollars in thousands):
|  | Year ended December 31,
|  | 2019 |  | 2018 |  | 2017
U.S. federal statutory rate |  | 21 | % |  | 21 | % |  | 35 | %
Tax at U.S. federal statutory rate |  | $ | 16,440 |  |  | $ | 19,390 |  |  | $ | 24,460 |
State and local taxes, net of federal tax benefit |  | 970 |  |  | 2,730 |  |  | 2,170 |
Differences in statutory foreign tax rates |  | (870 | ) |  | 490 |  |  | (1,060 | )
Change in recognized tax benefits |  | (920 | ) |  | (560 | ) |  | (90 | )
Nontaxable income |  | (570 | ) |  | (940 | ) |  | (250 | )
Research and manufacturing incentives |  | (1,160 | ) |  | (1,740 | ) |  | (1,510 | )
Net change in valuation allowance |  | 3,580 |  |  | 280 |  |  | (250 | )
Tax Reform Act |  | — |  |  | (400 | ) |  | 12,660 |
Other, net |  | (1,150 | ) |  | (600 | ) |  | (2,210 | )
Income tax expense |  | $ | 16,320 |  |  | $ | 18,650 |  |  | $ | 33,920 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the change in the UTBs for the years ended December 31, 2019 and 2018 is as follows (dollars in thousands):
|  | Unrecognized Tax Benefits
Balance at December 31, 2017 |  | $ | 3,370 |
Tax positions related to current year: |  |
Additions |  | 60 |
Tax positions related to prior years: |  |
Additions |  | 390 |
Reductions |  | — |
Settlements |  | — |
Lapses in the statutes of limitations |  | (800 | )
Balance at December 31, 2018 |  | $ | 3,020 |
Tax positions related to current year: |  |
Additions |  | 110 |
Tax positions related to prior years: |  |  |
Additions |  | — |
Reductions |  | — |
Settlements |  | — |
Lapses in the statutes of limitations |  | (880 | )
Balance at December 31, 2019 |  | $ | 2,250 |

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