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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes  
Schedule of components of provision (benefit) for income taxes

Years ended December 31, 

    

2021

    

2020

    

2019

(in thousands)

  

  

  

Current provision (benefit):

  

  

  

Federal

$

4,946

$

(74,841)

$

(3,548)

State

 

(1,387)

 

2,200

 

(3,185)

Foreign

 

784

 

1,247

 

2,968

Deferred provision (benefit):

 

 

 

  

Federal

 

2,287

 

(16,376)

 

(26,493)

State

 

2,601

 

(9,469)

 

4,268

Total income tax provision (benefit)

$

9,231

$

(97,239)

$

(25,990)

Schedule of reconciliation between the federal statutory rate and effective tax rate

Years ended December 31, 

    

2021

    

2020

    

2019

 

Federal statutory rate

21.0

%  

21.0

%  

21.0

%

State income taxes, net of federal benefit

2.9

1.5

(0.3)

 

Foreign taxes, net of federal benefit

5.1

(0.4)

(0.2)

Tax credits

 

(3.5)

 

0.1

 

0.3

Change in contingencies

8.6

 

Non-deductible expenses

 

(2.8)

 

(0.1)

 

(1.9)

Adjustments related to CARES Act

 

3.2

 

8.5

 

Change in estimated deferred rate

 

10.2

 

 

Adjustments related to vesting of restricted stock

 

7.1

 

(0.8)

 

(0.4)

Other

 

4.3

 

1.6

 

4.5

Effective tax rate

 

56.1

%  

31.4

%  

23.0

%

Schedule of deferred tax assets and liabilities

December 31, 

    

2021

    

2020

(in thousands)

  

  

Deferred tax assets:

 

  

 

  

Self-insurance

$

5,673

$

4,773

Pension

 

7,982

 

8,105

State net operating loss carryforwards

 

5,558

 

5,853

Allowance for credit losses

 

1,692

 

1,302

Stock-based compensation

 

2,532

 

2,291

Inventory reserve

2,868

3,226

Lease liability

5,620

7,125

Employee retention credit

1,360

Valuation allowance

(865)

(546)

All others

 

1,850

 

1,763

Gross deferred tax assets

 

34,270

 

33,892

Deferred tax liabilities:

 

 

Depreciation

 

(39,253)

 

(33,486)

Right of use asset

(5,834)

(6,392)

Goodwill amortization

 

(6,556)

 

(6,893)

All others

 

(376)

 

(453)

Gross deferred tax liabilities

 

(52,019)

 

(47,224)

Net deferred tax liabilities

$

(17,749)

$

(13,332)

Schedule of reconciliation of unrecognized tax benefits

    

2021

    

2020

(in thousands)

Balance at January 1

$

$

2,215

Additions (reductions) based on tax positions related to the current year

 

1,737

 

Additions (reductions) for tax positions of prior years

 

 

(2,215)

Balance at December 31

$

1,737

$