Income Taxes Income Tax (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes includes the following:



	Year Ended December 31,
	2018			2017			2016
	(Dollars in thousands)
Current provision (benefit) for income taxes:
Federal	$	(67	)	$	10,243		$	10,321
State	304			3,030			3,375
	237			13,273			13,696
Deferred provision (benefit) for income taxes:
Federal	(4,208		)	2,341			(506		)
State	(2,104		)	(224		)	(166		)
	(6,312		)	2,117			(672		)
Provision (benefit) for income taxes	$	(6,075	)	$	15,390		$	13,024

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The effective tax rate differs from the federal statutory rate of 21% for the year ended December 31, 2018 and 35% for the years ended December 31, 2017 and 2016, due to the following items:



	Year Ended December 31,
	2018			2017			2016
	(Dollars in thousands)
Income (loss) before taxes of taxable entities	$	(20,305	)	$	32,531		$	33,950
(Provision) benefit for income taxes at federal statutory rate	$	4,264		$	(11,386	)	$	(11,883	)
(Increases) decreases in tax resulting from:
Provisional rate adjustment - tax reform	148			(3,190		)	—
State income taxes, net of federal benefit	1,396			(1,860		)	(1,977		)
Manufacturing deduction	—			958			1,142
Return to provision difference	388			159			(145		)
Other	(121		)	(71		)	(161		)
(Provision) benefit for income taxes	$	6,075		$	(15,390	)	$	(13,024	)
Effective tax rate	29.9		%	47.3		%	38.4		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of our deferred income tax asset, net are as follows:



	December 31,
	2018			2017
	(Dollars in thousands)
State taxes	$	74		$	633
Reserves and accruals	2,258			1,893
Intangible assets	28			207
Share based compensation	1,594			1,585
Inventory	3,699			627
Investments in joint ventures	6,318			1,411
Depreciation and amortization	(34		)	(39		)
Deferred tax asset, net	$	13,937		$	6,317