XML 49 R37.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Taxes |
Schedule of income tax provision (benefit) | The Company’s income tax provision for the years ended December 31, 2015, 2014 and 2013 consists of the following (in thousands):
|  | Years Ended December 31, |
|  | 2015 |  | 2014 |  | 2013 |
Current |  |  |  |  |  |  |
Federal |  | $ | 3,131 |  | $ | 2,638 |  | $ | 4,353 |
State |  | 580 |  | 336 |  | 824 |
|  | 3,711 |  | 2,974 |  | 5,177 |
Deferred |  |  |  |  |  |  |
Federal |  | 508 |  | 1,262 |  | 641 |
State |  | (71 | ) | (30 | ) | 99 |
|  | 437 |  | 1,232 |  | 740 |
Total income tax provision |  | $ | 4,148 |  | $ | 4,206 |  | $ | 5,917 |
Schedule of tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities | The approximate tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are as follows (in thousands):
|  | December 31, |
|  | 2015 |  | 2014 |
Deferred tax assets: |  |  |  |  |
Reserves |  | $ | 532 |  | $ | 428 |
Inventory capitalization |  | 407 |  | 264 |
Compensation programs |  | 501 |  | 404 |
Retirement liability |  | 27 |  | 35 |
Equity-based compensation |  | 290 |  | 276 |
Net operating loss carryforwards |  | 141 |  | 242 |
Deferred rent |  | 10 |  | 36 |
Intangible assets |  | 264 |  | 188 |
Total deferred tax assets |  | 2,172 |  | 1,873 |
Deferred tax liabilities: |  |  |  |  |
Excess of book over tax basis of fixed assets |  | (4,186 | ) | (3,471 | )
Goodwill |  | (869 | ) | (848 | )
Total deferred tax liabilities |  | (5,055 | ) | (4,319 | )
Net long-term deferred tax liabilities |  | $ | (2,883 | ) | $ | (2,446 | )
Schedule of income tax rate reconciliation |
|  | Years Ended December 31, |
|  | 2015 |  | 2014 |  | 2013 |
Computed “expected” tax rate |  | 34.0 | % | 34.0 | % | 34.0 | %
Increase (decrease) in income taxes resulting from: |  |  |  |  |  |  |
State taxes, net of federal tax benefit |  | 2.3 |  | 1.1 |  | 3.6 |
Meals and entertainment |  | 0.3 |  | 0.3 |  | 0.1 |
R&D credits |  | (0.8 | ) | (0.7 | ) | (1.0 | )
Domestic production deduction |  | (2.5 | ) | (1.4 | ) | (2.4 | )
Non-deductible ISO stock option expense |  | 0.4 |  | 0.4 |  | 0.2 |
Unrecognized tax benefits |  | — |  | 1.3 |  | (0.1 | )
Other |  | 1.6 |  | 0.8 |  | — |
Effective tax rate |  | 35.3 | % | 35.8 | % | 34.4 | %
Schedule of gross unrecognized tax benefits resulting from uncertain tax positions | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (“UTB”) resulting from uncertain tax positions is as follows (in thousands):
|  | December 31, |
|  | 2015 |  | 2014 |
Gross UTB balance at beginning of fiscal year |  | $ | 230 |  | $ | 275 |
Increases for tax positions of prior years |  | — |  | — |
Reductions for tax positions of prior years |  | (68 | ) | (45 | )
Gross UTB balance at end of fiscal year |  | $ | 162 |  | $ | 230 |

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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&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 the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration