INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

INCOME TAXES

Schedule of domestic and foreign components of pretax income

	2023		2022		2021
Domestic	$	105,018	$	84,286	$	77,434
Foreign		14,876		13,855		8,295
	$	119,894	$	98,141	$	85,729

Schedule of components of provision of income taxes

	2023		2022		2021
Current:
Federal	$	21,710	$	13,070	$	16,886
Foreign		3,775		4,110		1,983
State		3,738		2,605		2,822
		29,223		19,785		21,691
Deferred:
Federal		(1,209)		2,364		(2,069)
Foreign		658		81		39
State		(664)		19		760
		(1,215)		2,464		(1,270)
	$	28,008	$	22,249	$	20,421

Schedule of significant components of net deferred tax liability

	December 31,
	2023		2022
Deferred tax assets:
Accrued customer promotions	$	1,223	$	1,269
Deferred compensation		21,617		17,533
Postretirement benefits		2,572		2,466
Other accrued expenses		4,214		7,744
Foreign subsidiary tax loss carry forward		5,012		4,650
Outside basis difference in foreign subsidiary		361		359
Capitalized research and development costs		6,594		2,049
Deductible state tax depreciation		1,386		893
Tax credit carry forward		2,368		2,047
		45,347		39,010
Valuation allowances		(6,361)		(5,703)
Total deferred tax assets	$	38,986	$	33,307
Deferred tax liabilities:
Depreciation	$	27,604	$	27,153
Deductible goodwill and trademarks		38,512		37,608
Accrued export company commissions		4,735		4,580
Employee benefit plans		4,000		395
Inventory reserves		(688)		934
Prepaid insurance		721		1,016
Unrealized capital gains		2,633		(160)
Deferred foreign exchange gain		—		119
Deferred gain on sale of real estate		5,240		5,213
Total deferred tax liabilities	$	82,757	$	76,858
Net deferred tax liability	$	43,771	$	43,551

Schedule of reconciliation of statutory and effective income tax rate

	2023		2022		2021
U.S. statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net	3.7		2.3		2.4
Foreign income tax rates	0.3		1.0		0.2
Income tax credits and adjustments	(0.6)		(0.8)		(0.6)
Adjustment of deferred tax balances	(0.2)		(0.7)		0.6
Reserve for uncertain tax benefits	(0.2)		0.3		—
Other, net	(0.6)		(0.4)		0.2
Effective income tax rate	23.4	%	22.7	%	23.8	%

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

	2023		2022		2021
Unrecognized tax benefits at January 1	$	3,392	$	3,133	$	3,011
Increases in tax positions for the current year		510		393		700
Reductions in tax positions for lapse of statute of limitations		(1,589)		(134)		(578)
Unrecognized tax benefits at December 31	$	2,313	$	3,392	$	3,133