INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

INCOME TAXES

Schedule of domestic and foreign components of pretax income

	2017		2016		2015
Domestic	$	76,042	$	87,016	$	82,276
Foreign		8,519		10,896		10,302
	$	84,561	$	97,912	$	92,578

Schedule of components of provision of income taxes

	2017		2016		2015
Current:
Federal	$	6,019	$	28,484	$	26,259
Foreign		—		86		(596)
State		369		1,954		785
		6,388		30,524		26,448
Deferred:
Federal		(7,191)		(2,547)		(1,189)
Foreign		3,425		3,323		2,106
State		1,285		(707)		(914)
		(2,481)		69		3
	$	3,907	$	30,593	$	26,451

Schedule of significant components of net deferred tax liability

	December 31,
	2017		2016
Deferred tax assets:
Accrued customer promotions	$	1,583	$	3,194
Deferred compensation		15,403		26,509
Postretirement benefits		3,352		4,732
Other accrued expenses		4,200		6,543
Foreign subsidiary tax loss carry forward		7,270		8,452
Tax credit carry forward		3,435		2,514
		35,243		51,944
Valuation allowance		(3,269)		(2,317)
Total deferred tax assets	$	31,974	$	49,627
Deferred tax liabilities:
Depreciation	$	18,791	$	28,049
Deductible goodwill and trademarks		34,593		45,733
Accrued export company commissions		4,189		6,044
Employee benefit plans		4,662		928
Inventory reserves		2,147		3,529
Prepaid insurance		769		1,015
Other prepaid expenses		1,196		—
Deferred foreign exchange gain		405		436
Unrealized capital gain		977		733
Deferred gain on sale of real estate		5,278		8,093
Total deferred tax liabilities	$	73,007	$	94,560
Net deferred tax liability	$	41,033	$	44,933

Schedule of reconciliation of statutory and effective income tax rate

	2017		2016		2015
U.S. statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net	1.6		1.0		1.1
Exempt municipal bond interest	(0.1)		(0.1)		(0.1)
Foreign tax rates	0.5		(0.4)		(1.3)
Qualified domestic production activities deduction	(0.8)		(2.7)		(2.6)
Tax credits receivable	(1.4)		(0.5)		(1.2)
Adjustment of deferred tax balances	(24.2)		(0.5)		0.2
Reserve for uncertain tax benefits	(0.3)		—		(2.1)
Worthless stock deduction	(3.8)		—		—
Other, net	(1.9)		(0.6)		(0.4)
Effective income tax rate	4.6	%	31.2	%	28.6	%

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

	2017		2016		2015
Unrecognized tax benefits at January 1	$	4,746	$	4,680	$	6,993
Increases in tax positions for the current year		394		803		812
Reductions in tax positions for lapse of statute of limitations		(793)		(718)		(865)
Reductions in tax positions relating to settlements with taxing authorities		—		(27)		(772)
Increases (decreases) in prior period unrecognized tax benefits		(5)		8		(1,488)
Unrecognized tax benefits at December 31	$	4,342	$	4,746	$	4,680