XML 31 R14.htm IDEA: XBRL DOCUMENT
v3.3.1.900

INCOME TAXES | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
INCOME TAXES |
6. | INCOME TAXES
Deferred tax assets and liabilities are determined based on the differences between the financial and tax basis of existing assets and liabilities using the currently enacted tax rates in effect for the year in which the differences are expected to reverse. The provision for income taxes on income consisted of the following in 2015, 2014 and 2013:
|  | 2015 |  |  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 5,778 |  |  | $ | 5,953 |  |  | $ | 3,960 |
State |  |  | 913 |  |  |  | 707 |  |  |  | 415 |
Foreign |  |  | 1,623 |  |  |  | 1,853 |  |  |  | 1,025 |
|  |  | 8,314 |  |  |  | 8,513 |  |  |  | 5,400 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 548 |  |  |  | 283 |  |  |  | (238 | )
State |  |  | 47 |  |  |  | 32 |  |  |  | (28 | )
Foreign |  |  | (22 | ) |  |  | (168 | ) |  |  | 41 |
|  |  | 573 |  |  |  | 147 |  |  |  | (225 | )
|  | $ | 8,887 |  |  | $ | 8,660 |  |  | $ | 5,175 |
The principal differences between the federal statutory tax rate and the income tax expense in 2015, 2014 and 2013:
|  | 2015 |  |  | 2014 |  |  | 2013 |
Federal statutory tax rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State taxes, net of federal tax benefit |  |  | 3.0 | % |  |  | 3.7 | % |  |  | 3.7 | %
Excess of (decreases in) foreign tax over US tax on foreign income |  |  | (1.1 | )% |  |  | 0.1 | % |  |  | 0.3 | %
Domestic Tax Credits |  |  | (1.2 | )% |  |  | (1.4 | )% |  |  | (1.5 | )%
Other |  |  | 0.0 | % |  |  | (0.5 | )% |  |  | (0.2 | )%
Effective tax rate |  |  | 35.7 | % |  |  | 36.9 | % |  |  | 37.3 | %
Deferred income tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities for financial reporting and income tax reporting purposes. Temporary differences and carry forwards which give rise to deferred tax assets and liabilities at December 31, 2015 and 2014 are as follows:
|  | 2015 |  |  | 2014 |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 78 |  |  | $ | 94 |
Accruals and reserves |  |  | 3,468 |  |  |  | 3,767 |
Other |  |  | 179 |  |  |  | 222 |
Total deferred tax assets |  |  | 3,725 |  |  |  | 4,083 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property, plant, and equipment |  |  | 2,499 |  |  |  | 2,184 |
Total deferred tax liabilities |  |  | 2,499 |  |  |  | 2,184 |
Net deferred tax asset |  | $ | 1,226 |  |  | $ | 1,899 |
As of December 31, 2015, the Company has no federal or state net operating loss carryforwards. At December 31, 2015 and 2014, the Company had no unrecognized tax positions. The Company does not expect its unrecognized tax positions to change significantly in the next twelve months. If unrecognized tax positions existed, the interest and penalties related to the unrecognized tax positions would be recorded as income tax expense in the consolidated statements of income. The Company is subject to United States federal income taxes, as well as income taxes in various states and foreign jurisdictions. The Company’s tax years 2012 through 2014 remain open to examination for U.S. Federal and state income taxes.

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 The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: 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 Reference 5: 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_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration