Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Components of Pre-tax Income and Comprehensive Provision for Income Taxes

The provision for income taxes attributable to continuing operations, the difference between such provision for income taxes and the amount that would be expected using the U.S. federal statutory income tax rate of 35%, and the comprehensive provision for income taxes are presented below.  All of our pre-tax income attributable to continuing operations relates to operations in the United States.

	Years ended December 31,
	2012			2013			2014
	(In thousands)
Provision for income taxes:
Currently payable	$	1,633		$	2,310		$	4,544
Deferred income tax expense (benefit)		(218	)		916			468
Total	$	1,415		$	3,226		$	5,012
Expected tax expense, at the U.S. federal statutory income tax rate of 35%	$	1,729		$	3,234		$	4,787
State income taxes and other, net		173			294			627
Tax credits		(170	)		(200	)		(378	)
Valuation allowance		(317	)		(102	)		(24	)
Total	$	1,415		$	3,226		$	5,012
Comprehensive provision for income tax allocable to:
Income from continuing operations	$	1,415		$	3,226		$	5,012
Discontinued operations		5,397			-			-
Total	$	6,812		$	3,226		$	5,012

Components of Net Deferred Tax Assets (Liabilities)

The components of net deferred tax assets (liabilities) are summarized below.

	December 31,
	2013			2014
	(In thousands)
Tax effect of temporary differences related to:
Inventories	$	932		$	835
Property and equipment		(4,348	)		(4,706	)
Accrued liabilities and other deductible differences		63			46
Accrued employee benefits		1,513			1,577
Tax loss and credit carryforwards		28			4
Goodwill		(2,559	)		(2,625	)
Other taxable differences		(12	)		(7	)
Valuation allowance		(24	)		-
Total	$	(4,407	)	$	(4,876	)
Net current deferred tax assets		2,493			2,444
Net noncurrent deferred tax liabilities		(6,900	)		(7,320	)
Total	$	(4,407	)	$	(4,876	)