Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Details of earnings before income taxes are as follows:



	2017		2016		2015
	(In thousands)
Domestic	$	52,745	$	47,407	$	39,447
Foreign	2,088		2,437		1,705
Total	$	54,833	$	49,844	$	41,152

Schedule of Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes is as follows:



	2017			2016			2015
	(In thousands)
Current:
Federal	$	20,553		$	14,435		$	15,324
State	2,933			1,275			2,227
Foreign	876			1,129			686
Deferred:
Federal	(3,051		)	922			(2,568		)
State	(915		)	151			(353		)
Foreign	(134		)	(363		)	(102		)
Total	$	20,262		$	17,549		$	15,214

Reconciliation of Provision for Income Taxes

The provision for income tax from operations differs from the amount that would be provided by applying the statutory U.S. corporate income tax rate in each year due to the following items:



	2017			2016			2015
	(In thousands)
Provision at statutory rate	$	19,192		$	17,445		$	14,403
State income taxes, net of federal tax benefit	1,292			923			1,242
Valuation allowance	564			—			—
Foreign - tax rate differential and other	29			(87		)	(13		)
Domestic production activities deduction	(721		)	(560		)	(521		)
Federal and state credits	(542		)	—			—
Other	448			(172		)	103
Actual provision	$	20,262		$	17,549		$	15,214

Components of Deferred Income Taxes

The components of deferred income taxes as of December 31 are as follows:



	2017			2016
	(In thousands)
Deferred tax assets:
Reserve for receivables and inventories	$	2,405		$	2,931
Accrued compensation	861			1,131
Payables	886			1,107
Non-pension postretirement benefits	1,561			2,344
Net operating loss and credit carryforwards	364			968
Accrued pension benefits	1,071			413
Accrued employee benefits	3,219			4,103
Deferred revenue	1,504			—
Other	450			487
Total gross deferred tax assets	12,321			13,484
Less: valuation allowance	(373		)	—
Total net deferred tax assets	11,948			13,484

Deferred tax liabilities:
Depreciation	3,778			5,126
Amortization	8,266			8,992
Prepaids	482			567
Total deferred tax liabilities	12,526			14,685
Net deferred tax liabilities	$	(578	)	$	(1,201	)

Schedule of Changes in Gross Liability for Unrecognized Tax Benefits

Changes in the Company's gross liability for unrecognized tax benefits, excluding interest and penalties, were as follows:



	2017			2016
	(In thousands)
Balance at beginning of year	$	814		$	533
Increases in unrecognized tax benefits as a result of positions taken during the prior period	6			88
Increases in unrecognized tax benefits as a result of positions taken during the current period	230			247
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations	(52		)	(54		)
Balance at end of year	$	998		$	814