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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Income Tax Expense (Benefit) | The components of the income tax expense from continuing operations are as follows:
|  | 2014 |  | 2013 |  | 2012 |
Current |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 10,282,000 |  | $ | 11,682,000 |  | $ | 10,380,000 |
State |  |  | 96,000 |  |  | (202,000) |  |  | 132,000 |
Total Current |  |  | 10,378,000 |  |  | 11,480,000 |  |  | 10,512,000 |
Deferred |  |  |  |  |  |  |  |  |  |
Federal |  |  | 176,000 |  |  | 365,000 |  |  | (528,000) |
State |  |  | 206,000 |  |  | 63,000 |  |  | (70,000) |
Foreign |  |  | (96,000) |  |  | - |  |  | - |
Total Deferred |  |  | 286,000 |  |  | 428,000 |  |  | (598,000) |
Total Income Tax Expense from Continuing Operations |  | $ | 10,664,000 |  | $ | 11,908,000 |  | $ | 9,914,000 |
Schedule of Components Of Total Income Tax Provision | The total tax provision for the years ended December 31, 2014, 2013, and 2012 was $4.9 million, $10.0 million, $7.4 million, respectively. Those amounts have been allocated to the following financial statement items:
|  | 2014 |  | 2013 |  | 2012 |
Income from continuing operations |  | $ | 10,664,000 |  | $ | 11,908,000 |  | $ | 9,914,000 |
Loss from discontinued operations |  |  | (5,302,000) |  |  | (1,690,000) |  |  | (1,332,000) |
Stockholders' equity, unrealized gain (loss) on investment securities |  |  | (182,000) |  |  | 143,000 |  |  | 83,000 |
Additional paid in capital, share-based compensation tax benefit |  |  | (275,000) |  |  | (383,000) |  |  | (1,265,000) |
Total Income Tax Expense |  | $ | 4,905,000 |  | $ | 9,978,000 |  | $ | 7,400,000 |
Deferred Tax Assets (Liabilities) | Deferred tax assets (liabilities) consisted of the following at December 31,
|  | 2014 |  | 2013 |  | 2012 |
Reserves on inventory and sales |  | $ | 291,000 |  | $ | 332,000 |  | $ | 336,000 |
Credit and loss carryforwards |  |  | 699,000 |  |  | 413,000 |  |  | 692,000 |
Stock compensation |  |  | 1,283,000 |  |  | 896,000 |  |  | - |
Accrued expenses and deferred costs |  |  | 3,170,000 |  |  | 1,260,000 |  |  | 690,000 |
Inventory capitalization |  |  | 142,000 |  |  | 337,000 |  |  | 526,000 |
Sales tax accrual |  |  | 8,000 |  |  | 337,000 |  |  | 1,228,000 |
Total deferred tax assets |  |  | 5,593,000 |  |  | 3,575,000 |  |  | 3,472,000 |
Unrealized gain/loss on investments |  |  | (294,000) |  |  | (476,000) |  |  | (333,000) |
Prepaid expenses |  |  | (779,000) |  |  | (710,000) |  |  | (752,000) |
Depreciation |  |  | (6,285,000) |  |  | (7,091,000) |  |  | (7,729,000) |
Stock compensation |  |  | - |  |  | - |  |  | (105,000) |
Total deferred tax liabilities |  |  | (7,358,000) |  |  | (8,277,000) |  |  | (8,919,000) |
Net deferred tax liabilities |  | $ | (1,765,000) |  | $ | (4,702,000) |  | $ | (5,447,000) |
Statutory Tax Rate and Effective Tax Rate | The differences between the United States federal statutory tax rate and the Company's effective tax rate are as follows:
|  | 2014 |  | 2013 |  | 2012 |
Statutory federal tax |  | $ | 11,093,000 |  | 35.0 | % | $ | 13,665,000 |  | 35.0 | % | $ | 9,925,000 |  | 35.0 | %
State income taxes, net of federal benefit |  |  | 314,000 |  | 1.0 | % |  | 393,000 |  | 1.0 | % |  | 736,000 |  | 2.6 | %
Foreign Taxes |  |  | 73,000 |  | 0.2 | % |  | - |  | 0.0 | % |  | - |  | 0.0 | %
Domestic manufacturer deduction |  |  | (811,000) |  | -2.6 | % |  | (979,000) |  | -2.5 | % |  | (902,000) |  | -3.2 | %
FTC settlement |  |  | - |  | 0.0 | % |  | - |  | 0.0 | % |  | 1,389,000 |  | 4.9 | %
Other permanent differences |  |  | 200,000 |  | 0.6 | % |  | 173,000 |  | 0.4 | % |  | (190,000) |  | -0.7 | %
Research and development and jobs credits |  |  | (203,000) |  | -0.6 | % |  | (459,000) |  | -1.2 | % |  | (267,000) |  | -0.9 | %
Other state income tax benefits |  |  | (113,000) |  | -0.4 | % |  | (707,000) |  | -1.8 | % |  | (686,000) |  | -2.4 | %
Other |  |  | 111,000 |  | 0.4 | % |  | (178,000) |  | -0.4 | % |  | (91,000) |  | -0.3 | %
|  | $ | 10,664,000 |  | 33.6 | % | $ | 11,908,000 |  | 30.5 | % | $ | 9,914,000 |  | 35.0 | %

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- 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
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