Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Details of earnings before income taxes are as follows:

	2019			2018		2017
	(In thousands)
Domestic	$	62,639		$	31,584	$	52,745
Foreign		(1,032	)		4,268		2,088
Total	$	61,607		$	35,852	$	54,833

Schedule of Provision (Benefit) for Income Taxes

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

	2019			2018			2017
	(In thousands)
Current:
Federal	$	12,113		$	9,223		$	20,553
State		2,591			2,640			2,933
Foreign		1,250			1,468			876
Deferred:
Federal		(1,066	)		(2,890	)		(3,051	)
State		417			(1,765	)		(915	)
Foreign		(875	)		(614	)		(134	)
Total	$	14,430		$	8,062		$	20,262

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:

	2019			2018			2017
	(In thousands)
Provision at statutory rate	$	12,938		$	7,529		$	19,192
State income taxes, net of federal tax benefit		2,080			717			1,292
Valuation allowance		515			—			564
Foreign - tax rate differential and other		70			159			29
Domestic production activities deduction		—			—			(721	)
Federal tax credits		(609	)		(742	)		(542	)
Compensation subject to section 162(m)		66			562			—
Stock based compensation		(253	)		(384	)		—
Tax rate difference on temporary adjustments		—			(460	)		—
Other		(377	)		681			448
Actual provision	$	14,430		$	8,062		$	20,262

Components of Deferred Income Taxes

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

	2019			2018
	(In thousands)
Deferred tax assets:
Reserve for receivables and inventories	$	2,108		$	2,210
Accrued compensation		888			929
Payables		1,410			1,090
Non-pension postretirement benefits		1,505			1,110
Net operating loss and credit carryforwards		1,401			308
Accrued pension benefits		933			1,552
Accrued employee benefits		1,747			2,534
Deferred revenue		2,219			1,858
Operating lease liabilities		1,861			—
Other		497			—
Total gross deferred tax assets		14,569			11,591
Less: valuation allowance		(863	)		(366	)
Total net deferred tax assets		13,706			11,225
Deferred tax liabilities:
Depreciation		4,673			4,679
Amortization		6,158			7,146
Prepaids		529			517
Operating lease assets		1,850			—
Other		630			52
Total deferred tax liabilities		13,840			12,394
Net deferred tax liabilities	$	(134	)	$	(1,169	)

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:

	2019			2018
	(In thousands)
Balance at beginning of year	$	1,121		$	998
Increases in unrecognized tax benefits as a result of positions taken during the prior year		88			127
Increases in unrecognized tax benefits as a result of positions taken during the current year		235			190
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations		(279	)		(194	)
Balance at end of year	$	1,165		$	1,121