Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Reconciliation of the Federal statutory income tax rate to the Company’s effective tax rate

A reconciliation of the Federal statutory income tax rate to the Company’s effective tax rate is as follows:

	Percent of Income before Income Taxes
	2014		2013		2012
Statutory Federal income tax rate	35.0	%	35.0	%	35.0	%
State income taxes — net of Federal tax benefit	(4.5	)	2.9		4.6
Foreign tax rate differential	1.8		(0.2	)	0.5
Domestic production deduction	(6.6	)	(3.1	)	(3.0	)
Non-deductible expenses	7.0		1.3		1.0
Changes in unrecognized tax benefits	(2.5	)	(0.2	)	(0.9	)
Foreign tax incentives	(3.0	)	(2.2	)	(1.4	)
Valuation allowances	9.0		—		0.8
Other	0.2		—		0.6
Effective tax rate for the year	36.4	%	33.5	%	37.2	%

Income (loss) from continuing operations before income taxes

Income from continuing operations before income taxes was attributable to the following sources:

	2014			2013		2012
United States	$	21,074		$	38,089	$	42,021
Foreign	(6,991		)	1,696		175
Totals	$	14,083		$	39,785	$	42,196

Income tax expense (benefit) from continuing operations

Income tax expense (benefit) from continuing operations consisted of the following:

	2014						2013					2012
	Current			Deferred			Current		Deferred			Current		Deferred
Federal	$	8,298		$	(1,208	)	$	13,273	$	(1,413	)	$	11,871	$	896
Foreign	(277		)	(710		)	629		(920		)	339		(389		)
State and local	(234		)	(747		)	2,170		(396		)	2,876		96
	$	7,787		$	(2,665	)	$	16,072	$	(2,729	)	$	15,086	$	603

Significant components of the Company’s deferred taxes

Significant components of the Company’s deferred taxes as of December 31, 2014 and 2013 are as follows:

	2014			2013
Deferred income tax liabilities
Property, plant and equipment	$	11,629		$	11,136
Tax-deductible goodwill	7,728			7,890
Non-deductible intangibles	1,843			2,313
State deferred taxes	687			1,150
Other	483			446
	22,370			22,935
Deferred income tax assets
Compensation	6,716			5,982
Inventory valuation	636			602
Allowance for uncollectible accounts	260			452
Non-deductible accruals	2,631			1,956
Other	15			108
Net operating loss carryforwards	5,050			3,655
	15,308			12,755
Valuation Allowance	(4,326		)	(4,264		)
	10,982			8,491
Net deferred income tax liability	$	11,388		$	14,444

Activity related to the Company’s unrecognized tax benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	2014			2013			2012
Balance at January 1	$	840		$	910		$	1,049
Increases related to current year tax positions	—			—			—
Increases related to acquired businesses	—			—			236
Increases related to previous year tax positions	5			—			580
Reductions due to lapse of applicable statute of limitations	(362		)	(48		)	(256		)
Reduction due to settlements	—			(22		)	(699		)
Balance at December 31	$	483		$	840		$	910