10.

Income Taxes

The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2012.

The federal and state income tax provision consisted of the following:

Year ended December 31,	2015					2014					2013
		Current		Deferred			Current		Deferred			Current		Deferred
Federal	$	31,382	$	(2,774	)	$	25,797	$	(10,429	)	$	49,022	$	4,879
State		5,849		(483	)		5,019		(1,775	)		9,202		857
	$	37,231	$	(3,257	)	$	30,816	$	(12,204	)	$	58,224	$	5,736

The effective income tax rate varied from the statutory federal income tax rate as follows:

Year ended December 31,	2015			2014			2013
Statutory federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal tax benefit		3.6			3.7			3.7
Domestic production activities deduction		(3.2	)		(4.6	)		(2.7	)
Other items		—			(1.6	)		0.5
Effective income tax rate		35.4	%		32.5	%		36.5	%

Significant components of the Company's deferred tax assets and liabilities are as follows:

December 31,	2015		2014
Deferred tax assets
Product Liability	$	263	$	289
Employee compensation and benefits		3,822		3,621
Allowances for doubtful accounts and discounts		3,454		2,351
Inventories		886		1,411
Stock-based compensation		5,410		4,517
Other		1,623		1,487
Total deferred tax assets		15,458		13,676
Deferred tax liabilities:
Depreciation		12,946		14,377
Other		343		387
Total deferred tax liabilities		13,289		14,764
Net deferred tax (liabilities) assets	$	2,169	$	(1,088	)

The Company made income tax payments of approximately $27.5 million, $34.0 million, and $59.9 million, during 2015, 2014, and 2013, respectively. The Company expects to realize its deferred tax assets through tax deductions against future taxable income or carry back against taxes previously paid.

The Company does not believe it has included any “uncertain tax positions” in its federal income tax return or any of the state income tax returns it is currently filing. The Company has made an evaluation of the potential impact of additional state taxes being assessed by jurisdictions in which the Company does not currently consider itself liable. The Company does not anticipate that such additional taxes, if any, would result in a material change to its financial position.