Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Components of income tax expense (benefit) associated with earnings from continuing operations

The components of income tax expense (benefit) associated with continuing operations are as follows:



	For the year ended December 31,
	2015			2014			2013
In thousands
Current:
Federal	$	25,170		$	26,296		$	21,916
State	349			(796		)	3,731
Foreign	931			905			1,768
	26,450			26,405			27,415
Deferred:
Federal	5,474			5,256			5,688
State	(2,682		)	(380		)	(270		)
Foreign	(1,691		)	(559		)	(1,245		)
	1,101			4,317			4,173
Total	$	27,551		$	30,722		$	31,588

Tax effects of temporary differences that give rise to deferred tax assets and liabilities

The tax effects of temporary differences that give rise to deferred tax assets and liabilities are presented below:



	At December 31,
	2015			2014
In thousands
Deferred tax assets:
Deferred employee benefits	$	83,390		$	75,026
Inventories	9,410			10,332
Tax loss and credit carryforwards	19,529			9,895
Accrued liabilities and other items	12,491			15,104
Total deferred tax assets	124,820			110,357
Deferred tax liabilities:
Property, plant and equipment	(17,178		)	(15,666		)
Intangibles	(42,717		)	(29,693		)
Other items	(2,195		)	(3,096		)
Total deferred tax liabilities	(62,090		)	(48,455		)
Net deferred tax assets before valuation allowance	62,730			61,902
Valuation allowance	(11,122		)	(4,694		)
Net deferred tax assets after valuation allowance	$	51,608		$	57,208

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes associated with continuing operations differs from that computed at the federal statutory corporate tax rate as follows:



	For the year ended December 31,
	2015			2014			2013
In thousands
Federal tax at 35% statutory rate	$	30,796		$	33,776		$	31,729
State income taxes, net of federal benefit	(1,517		)	(765		)	2,250
Tax effect of:
Section 199 Manufacturing deduction	(2,275		)	(2,000		)	(2,200		)
Other, net	547			(289		)	(191		)
Income tax expense	$	27,551		$	30,722		$	31,588

Change in the liability for uncertain tax positions

The change in the liability for 2015, 2014 and 2013 is explained as follows:



	2015			2014			2013
In thousands
Balance at January 1	$	2,441		$	2,302		$	3,886
Additions based on current year tax positions	117			512			364
Changes for tax positions of prior years	(160		)	33			(907		)
Settlements	19			(165		)	(264		)
Additions due to acquired business	954			—			414
Reductions due to lapses in statutes of limitation	(375		)	(241		)	(1,191		)
Balance at December 31	$	2,996		$	2,441		$	2,302