Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Income Tax Reconciliation Computed at Federal Statutory Rates to Income Tax Expense

A reconciliation of income taxes computed at federal statutory rates to income tax expense is as follows (dollar amounts in thousands):

	Three Months Ended June 30,
	2016					2015
Provision for income taxes at statutory rate	$	3,678		35.0	%	$	3,180		35.0	%
State and local income taxes, net of federal tax benefit		151		1.4	%		130		1.4	%
Share based compensation		54		0.5	%		30		0.3	%
Foreign rate differential		(156	)	(1.5	)%		(99	)	(1.1	)%
Research credits		(90	)	(0.8	)%		—		—
Permanent non-deductible acquisition-related expense		258		2.5	%		—		—
Other, net		(38	)	(0.4	)%		(58	)	(0.6	)%
Reported income tax provision	$	3,857		36.7	%	$	3,183		35.0	%

	Six Months Ended June 30,
	2016					2015
Provision for income taxes at statutory rate	$	6,641		35.0	%	$	7,001		35.0	%
State and local income taxes, net of federal tax benefit		271		1.4	%		287		1.4	%
Share based compensation		95		0.5	%		62		0.3	%
Reversal of reserves		—		—			(342	)	(1.7	)%
Foreign rate differential		(257	)	(1.4	)%		(186	)	(0.9	)%
Research credits		(159	)	(0.9	)%		—		—
Permanent non-deductible acquisition-related expense		419		2.2	%		—		—
Other, net		(46	)	(0.1	)%		(80	)	(0.4	)%
Reported income tax provision	$	6,964		36.7	%	$	6,742		33.7	%