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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The consolidated income before income taxes for 2019, 2018, and 2017 consists of the following (in thousands):

	Years Ended December 31,
	2019				2018				2017
Domestic	$	116,886			$	94,978			$	121,897
Foreign	845				1,026				641
Total income before income taxes	$	117,731			$	96,004			$	122,538

Schedule of Components of Income Tax Expense (Benefit)

The consolidated income tax expense for 2019, 2018 and 2017 consists of the following components (in thousands):

	Years Ended December 31,
	2019				2018				2017
Current
Federal	$	18,167			$	22,120			$	21,316
State	6,233				7,271				4,327
Foreign	336				168				155
	24,736				29,559				25,798
Deferred
Federal	2,760				(1,613		)		(16,065		)
State	620				(1,312		)		1,459
Foreign	40				(51		)		(76		)
	3,420				(2,976		)		(14,682		)
Total consolidated expense	$	28,156			$	26,583			$	11,116

Schedule of Effective Income Tax Rate Reconciliation

The following table provides a reconciliation of differences from the U.S. Federal statutory rates as follows (in thousands):

	Years Ended December 31,
	2019				2018				2017
Pretax book income	$	117,731			$	96,004			$	122,538
Federal tax expense at applicable statutory rate	24,723				20,161				42,888
State and local income taxes (net of federal benefit)	5,513				4,737				5,047
Benefit of domestic production deduction	—				—				(3,450		)
Change in income tax reserves	—				—				(11,925		)
Tax credits	(3,301		)		—				—
Remeasurement of deferred taxes	—				(421		)		(19,796		)
Nondeductible officer compensation	—				1,152				—
Compensation expense	1,317				(1,009		)		(1,943		)
Other	(96		)		1,963				295
Total income tax expense	$	28,156			$	26,583			$	11,116

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and deferred tax liabilities as of December 31, 2019 and 2018 were as follows (in thousands):

	December 31,
	2019				2018
Deferred tax assets
Tax credits and loss carryforwards	$	672			$	657
Accrued liabilities	7,489				7,285
Incentive compensation	14,420				12,132
Other	5,423				6,747
	28,004				26,821
Deferred tax liabilities
Property, plant and equipment	(17,899		)		(14,695		)
Intangibles	(44,477		)		(42,343		)
Other	(2,379		)		(3,841		)
	(64,755		)		(60,879		)
Net deferred tax liability before valuation allowances and reserves	(36,751		)		(34,058		)
Valuation allowances	(825		)		(847		)
Net deferred tax liability	$	(37,576	)		$	(34,905	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, was as follows (in thousands) and all balances as of December 31, 2019 were included in either Other noncurrent liabilities or Deferred income taxes in the Company’s Consolidated Balance Sheets:

	Unrecognized Tax Benefits
Balance at January 1, 2018	$	495
Increase in prior year tax positions	682
Balance at December 31, 2018	1,177
Increase in prior year tax positions	245
Balance at December 31, 2019	$	1,422

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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