Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Taxes

Components of the provision for income taxes are as follows:

	Years Ended December 31,
(in thousands)	2015			2014			2013
Current provision:
Federal	$	46,138		$	13,236		$	22,727
State and local	3,822			2,008			2,462
Foreign	376			78			—
	50,336			15,322			25,189
Deferred:
Federal	(1,797		)	19,672			5,788
State and local	9			81			(504		)
Foreign	(1,656		)	(4,914		)	—
	(3,444		)	14,839			5,284
	$	46,892		$	30,161		$	30,473

Schedule of Income before Provision for Income Tax, Domestic and Foreign

Income from continuing operations before provision for income taxes were as follows:

	Years Ended December 31,
(in thousands)	2015			2014		2013
Domestic	$	114,380		$	76,023	$	84,742
Foreign	(2,291		)	495		764
	$	112,089		$	76,518	$	85,506

Reconciliation of Amount Computed by Applying the Federal Statutory Income Tax Rate

Our income tax expense is different from the amount computed by applying the federal statutory income tax rate to income before taxes as follows:

	Years Ended December 31,
(in thousands)	2015			2014			2013
Federal statutory tax on earnings before income taxes	$	39,231		$	26,782		$	29,928
State income taxes, net of federal income tax benefit	1,772			1,388			1,514
Non-deductible expense	2,629			999			723
Non-deductible acquisition-related charges	6,567			1,339			—
Accruals and settlements related to tax audits	181			529			(395		)
Change in effective state tax rates	93			(401		)	(383		)
Manufacturing deduction	(1,960		)	—			—
Tax credits and incentives	(999		)	(1,209		)	(663		)
Other	(622		)	734			(251		)
	$	46,892		$	30,161		$	30,473

Schedule of Deferred Tax Assets and Liabilities

Components of our deferred tax assets and liabilities are as follows:

(in thousands)	2015			2014
Deferred tax assets:
Deferred compensation plans	$	34,080		$	31,520
Deferred income	14,336			752
Allowance for uncollectible receivables	1,251			1,323
Deferred liabilities	1,869			4,625
Net operating losses and credit carryforward	11,680			32,573
Deferred tax assets	63,216			70,793
Valuation allowance	(1,052		)	(1,274		)
Net deferred tax asset	62,164			69,519
Deferred tax liabilities:
Intangible assets in excess of tax basis	142,970			151,210
Property and equipment in excess of tax basis	31,216			37,827
Other	15,861			11,485
Deferred tax liabilities	190,047			200,522
Net deferred tax liability	$	(127,883	)	$	(131,003	)
Income taxes are classified in the balance sheet as follows:
Net current deferred tax asset	$	—		$	18,519
Net non-current deferred tax liability	(127,883		)	(149,522		)
	$	(127,883	)	$	(131,003	)

Schedule of Valuation Allowance for Deferred Tax Assets

The changes in the valuation allowance for deferred tax assets are as follows:

(in thousands)	2015			2014
Balance at beginning of the year	$	1,274		$	1,213
Charged to costs and expense	(313		)	158
Charged to other accounts	91			(83		)
Deductions	—			(14		)
Balance at end of the year	$	1,052		$	1,274

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(in thousands)	2015			2014			2013
Balance as of January 1	$	2,926		$	582		$	8,565
Additions for tax positions related to the current year	310			573			190
Additions for tax positions of prior years	302			2,097			207
Reductions for tax positions of prior years	(1,018		)	(326		)	(8,380		)
Balance as of December 31	$	2,520		$	2,926		$	582