INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

INCOME TAXES

Schedule of domestic and foreign components of pretax income

	2016		2015		2014
Domestic	$	87,016	$	82,276	$	81,255
Foreign		10,896		10,302		10,039
	$	97,912	$	92,578	$	91,294

Schedule of components of provision of income taxes

	2016		2015		2014
Current:
Federal	$	28,484	$	26,259	$	25,173
Foreign		86		(596)		549
State		1,954		785		1,538
		30,524		26,448		27,260
Deferred:
Federal		(2,547)		(1,189)		(172)
Foreign		3,323		2,106		2,032
State		(707)		(914)		(686)
		69		3		1,174
	$	30,593	$	26,451	$	28,434

Schedule of Significant components of net deferred tax liability

	December 31,
	2016		2015
Deferred tax assets:
Accrued customer promotions	$	3,194	$	3,907
Deferred compensation		26,509		23,842
Postretirement benefits		4,732		4,543
Other accrued expenses		6,543		8,324
Foreign subsidiary tax loss carry forward		8,452		9,956
Tax credit carry forward		2,514		2,319
		51,944		52,891
Valuation allowance		(2,317)		(2,077)
Total deferred tax assets	$	49,627	$	50,814
Deferred tax liabilities:
Depreciation	$	28,049	$	29,062
Deductible goodwill and trademarks		45,733		44,255
Accrued export company commissions		6,044		5,897
Employee benefit plans		928		2,403
Inventory reserves		3,529		3,793
Prepaid insurance		1,015		1,065
Deferred foreign exchange gain		436		—
Unrealized capital gain		733		362
Deferred gain on sale of real estate		8,093		8,154
Total deferred tax liabilities	$	94,560	$	94,991
Net deferred tax liability	$	44,933	$	44,177

Schedule of reconciliation of statutory and effective income tax rate

	2016		2015		2014
U.S. statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net	1.0		1.1		1.0
Exempt municipal bond interest	(0.1)		(0.1)		(0.5)
Foreign tax rates	(0.4)		(1.3)		(1.5)
Qualified domestic production activities deduction	(2.7)		(2.6)		(2.8)
Tax credits receivable	(0.5)		(1.2)		(0.6)
Adjustment of deferred tax balances	(0.5)		0.2		1.9
Reserve for uncertain tax benefits	—		(2.1)		—
Other, net	(0.6)		(0.4)		(1.4)
Effective income tax rate	31.2	%	28.6	%	31.1	%

Schedule of reconciliation of beginning and ending balances of total amounts of unrecognized tax benefits

	2016		2015		2014
Unrecognized tax benefits at January 1	$	4,680	$	6,993	$	6,010
Increases in tax positions for the current year		803		812		1,827
Increases in tax positions for new uncertain tax position		—		—		609
Reductions in tax positions for lapse of statute of limitations		(718)		(865)		(1,050)
Reductions in tax positions relating to settlements with taxing authorities		(27)		(772)		(403)
Increases (decreases) in prior period unrecognized tax benefits		8		(1,488)		—
Unrecognized tax benefits at December 31	$	4,746	$	4,680	$	6,993