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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Taxes [Abstract] |
Income Tax Provision (Benefit) | The income tax provision (benefit) consists of the following (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |  |  |  |
Domestic |  | $ | 22,943 |  |  | $ | 30,415 |  |  | $ | 31,220 |
Foreign |  |  | 4,324 |  |  |  | 3,740 |  |  |  | 1,706 |
Total current |  |  | 27,267 |  |  |  | 34,155 |  |  |  | 32,926 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  |  | (1,210 | ) |  |  | (4,732 | ) |  |  | (1,178 | )
Foreign |  |  | (74 | ) |  |  | (569 | ) |  |  | 171 |
Total deferred |  |  | (1,284 | ) |  |  | (5,301 | ) |  |  | ( 1,007 | )
Total income tax provision |  | $ | 25,983 |  |  | $ | 28,854 |  |  | $ | 31,919 |
Effective Income Tax Rate Reconciliation | Reconciliations between taxes at the U.S. Federal income tax rate and taxes at our effective income tax rate on earnings from continuing operations before income taxes are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
U.S. Federal income tax rate of 35% |  | $ | 25,936 |  |  | $ | 28,614 |  |  | $ | 29,737 |
Increase (decrease) in tax rate resulting from: |  |  |  |  |  |  |  |  |  |  |  |
State and local income taxes, net of federal income tax benefit |  |  | 1,857 |  |  |  | 2,309 |  |  |  | 2,936 |
Income tax (tax benefits) attributable to foreign income |  |  | (1,705 | ) |  |  | (1,511 | ) |  |  | (428 | )
Change in unrecognized tax benefits |  |  | — |  |  |  | (350 | ) |  |  | — |
Other non-deductible items, net |  |  | (192 | ) |  |  | 134 |  |  |  | (806 | )
Change in valuation allowance |  |  | 87 |  |  |  | (342 | ) |  |  | 480 |
Provision for income taxes |  | $ | 25,983 |  |  | $ | 28,854 |  |  | $ | 31,919 |
Components of Net Deferred Tax Assets and Liabilities | The following is a summary of the components of the net deferred tax assets and liabilities recognized in the accompanying consolidated balance sheets (in thousands):
|  | December 31, |
|  | 2015 |  |  | 2014 |
Deferred tax assets: |  |  |  |  |  |
Inventories |  | $ | 17,651 |  |  | $ | 17,529 |
Allowance for customer returns |  |  | 14,551 |  |  |  | 11,409 |
Postretirement benefits |  |  | 1,127 |  |  |  | 2,155 |
Allowance for doubtful accounts |  |  | 1,512 |  |  |  | 2,347 |
Accrued salaries and benefits |  |  | 9,683 |  |  |  | 10,802 |
Capital loss |  |  | 234 |  |  |  | 234 |
Tax credit carryforwards |  |  | 381 |  |  |  | 313 |
Deferred gain on building sale |  |  | 891 |  |  |  | 1,299 |
Accrued asbestos liabilities |  |  | 13,098 |  |  |  | 13,625 |
|  |  | 59,128 |  |  |  | 59,713 |
Valuation allowance (1) |  |  | (440 | ) |  |  | (353 | )
Total deferred tax assets |  |  | 58,688 |  |  |  | 59,360 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  | 7,054 |  |  |  | 7,023 |
Promotional costs |  |  | 230 |  |  |  | 124 |
Other |  |  | 41 |  |  |  | 738 |
Total deferred tax liabilities |  |  | 7,325 |  |  |  | 7,885 |
Net deferred tax assets |  | $ | 51,363 |  |  | $ | 51,475 |
| (1) | Current net deferred tax assets are $40.6 million and $36.6 million for 2015 and 2014, respectively. Non-current net deferred tax assets are $10.7 million and $14.9 million for 2015 and 2014, respectively. The tax valuation allowance was allocated to long term deferred tax assets in the amounts of $0.4 million in both 2015 and 2014. None of the valuation allowance was allocated to current deferred tax assets in 2015 and 2014.
Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
Balance at January 1, 2014 |  | $ | 350 |
Increase based on tax positions taken in the current year |  |  | — |
Decrease based on tax positions taken in the current year |  |  | (350 | )
Balance at December 31, 2014 |  |  | — |
Increase based on tax positions taken in the current year |  |  | — |
Decrease based on tax positions taken in the current year |  |  | — |
Balance at December 31, 2015 |  | $ | — |

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