Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

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,
	2016			2015			2014
In thousands
Current:
Federal	$	20,405		$	25,170		$	26,296
State	2,312			349			(796		)
Foreign	738			931			905
	23,455			26,450			26,405
Deferred:
Federal	10,133			5,474			5,256
State	(1,023		)	(2,682		)	(380		)
Foreign	(1,715		)	(1,691		)	(559		)
	7,395			1,101			4,317
Total	$	30,850		$	27,551		$	30,722

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,
	2016			2015
In thousands
Deferred tax assets:
Deferred employee benefits	$	82,836		$	83,390
Inventories	9,694			9,410
Tax loss and credit carryforwards	19,216			19,529
Accrued liabilities and other items	12,433			12,491
Total deferred tax assets	124,179			124,820
Deferred tax liabilities:
Property, plant and equipment	(15,653		)	(17,178		)
Intangibles	(48,785		)	(42,717		)
Other items	(3,100		)	(2,195		)
Total deferred tax liabilities	(67,538		)	(62,090		)
Net deferred tax assets before valuation allowance	56,641			62,730
Valuation allowance	(4,143		)	(11,122		)
Net deferred tax assets after valuation allowance	$	52,498		$	51,608

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,
	2016			2015			2014
In thousands
Federal tax at 35% statutory rate	$	31,396		$	30,796		$	33,776
State income taxes, net of federal benefit	999			(1,517		)	(765		)
Tax effect of:
Section 199 Manufacturing deduction	(2,153		)	(2,275		)	(2,000		)
Other, net	608			547			(289		)
Income tax expense	$	30,850		$	27,551		$	30,722

Change in the liability for uncertain tax positions

The change in the liability for 2016, 2015 and 2014 is explained as follows:



	2016			2015			2014
In thousands
Balance at January 1	$	2,996		$	2,441		$	2,302
Additions based on current year tax positions	211			117			512
Changes for tax positions of prior years	(96		)	(160		)	33
Settlements	(155		)	19			(165		)
Additions due to acquired business	—			954			—
Reductions due to lapses in statutes of limitation	(124		)	(375		)	(241		)
Balance at December 31	$	2,832		$	2,996		$	2,441