Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Details of earnings before income taxes are as follows:

	2018		2017		2016
	(In thousands)
Domestic	$	31,584	$	52,745	$	47,407
Foreign		4,268		2,088		2,437
Total	$	35,852	$	54,833	$	49,844

Schedule of Provision (Benefit) for Income Taxes

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

	2018			2017			2016
	(In thousands)
Current:
Federal	$	9,223		$	20,553		$	14,435
State		2,640			2,933			1,275
Foreign		1,468			876			1,129
Deferred:
Federal		(2,890	)		(3,051	)		922
State		(1,765	)		(915	)		151
Foreign		(614	)		(134	)		(363	)
Total	$	8,062		$	20,262		$	17,549

Reconciliation of Provision for Income Taxes

The provision for income tax 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:

	2018			2017			2016
	(In thousands)
Provision at statutory rate	$	7,529		$	19,192		$	17,445
State income taxes, net of federal tax benefit		717			1,292			923
Valuation allowance		—			564			—
Foreign - tax rate differential and other		159			29			(87	)
Domestic production activities deduction		—			(721	)		(560	)
Federal and state credits		(742	)		(542	)		—
Compensation subject to section 162(m)		562			—			—
Stock based compensation		(384	)		—			—
Tax rate difference on temporary adjustments		(460	)		—			—
Other		681			448			(172	)
Actual provision	$	8,062		$	20,262		$	17,549

Components of Deferred Income Taxes

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

	2018			2017
	(In thousands)
Deferred tax assets:
Reserve for receivables and inventories	$	2,210		$	2,405
Accrued compensation		929			861
Payables		1,090			886
Non-pension postretirement benefits		1,110			1,561
Net operating loss and credit carryforwards		308			364
Accrued pension benefits and deferred compensation		1,552			1,071
Accrued employee benefits		2,534			3,219
Deferred revenue		1,858			1,504
Other		—			450
Total gross deferred tax assets		11,591			12,321
Less: valuation allowance		(366	)		(373	)
Total net deferred tax assets		11,225			11,948
Deferred tax liabilities:
Depreciation		4,679			3,778
Amortization		7,146			8,266
Prepaids		517			482
Other		52			—
Total deferred tax liabilities		12,394			12,526
Net deferred tax liabilities	$	(1,169	)	$	(578	)

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:

	2018			2017
	(In thousands)
Balance at beginning of year	$	998		$	814
Increases in unrecognized tax benefits as a result of positions taken during the prior period		127			6
Increases in unrecognized tax benefits as a result of positions taken during the current period		190			230
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations		(194	)		(52	)
Balance at end of year	$	1,121		$	998