Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

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
	2018			2017			2016
Statutory Federal income tax rate		21.0	%		35.0	%		35.0	%
State income taxes - net of Federal tax benefit		42.5			8.3			3.0
Foreign tax rate differential		3.9			(1.6	)		(0.9	)
Domestic production deduction		—			(5.2	)		(3.2	)
Non-deductible expenses		93.8			0.4			2.9
Impact of tax law changes		22.1			(7.4	)		—
Changes in unrecognized tax benefits		42.9			0.9			(0.8	)
Foreign tax incentives		(3.1	)		—			(0.4	)
Valuation allowances		—			—			3.2
Other		(4.4	)		0.6			0.7
Effective tax rate for the year		218.7	%		31.0	%		39.5	%

Income (Loss) from Continuing Operations Before Income Taxes

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

	2018		2017		2016
United States	$	419	$	12,979	$	17,010
Foreign		970		2,729		1,709
Totals	$	1,389	$	15,708	$	18,719

Income Tax Expense (Benefit) from Continuing Operations

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

	2018					2017					2016
	Current		Deferred			Current		Deferred			Current		Deferred
Federal	$	9,694	$	(7,910	)	$	6,304	$	(4,394	)	$	5,684	$	(413	)
Foreign		1,218		(718	)		1,821		(883	)		515		741
State and local		1,575		(822	)		2,402		(386	)		641		227
	$	12,487	$	(9,450	)	$	10,527	$	(5,663	)	$	6,840	$	555

Significant Components of the Company's Deferred Taxes

Significant components of the Company’s deferred taxes as of December 31, 2018 and 2017 are as follows:

	2018			2017
Deferred income tax assets
Compensation		2,774			3,030
Inventory valuation		695			502
Allowance for uncollectible accounts		237			268
Provision for loss on note receivable		5,031			—
Non-deductible accruals		4,196			2,195
Non-deductible intangibles		1,574			1,193
State deferred taxes		843			—
Capital loss carryforwards		1,982			1,982
Net operating loss carryforwards		—			405
		17,332			9,575
Valuation allowance		(1,982	)		(1,982	)
		15,350			7,593
Deferred income tax liabilities
Property, plant and equipment	$	4,247		$	6,255
Tax-deductible goodwill		5,089			5,202
State deferred taxes		—			132
Other		744			149
		10,080			11,738
Net deferred income tax asset (liability)	$	5,270		$	(4,145	)

Activity Related to the Company's Unrecognized Tax Benefits

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

	2018		2017			2016
Balance at January 1	$	359	$	478		$	151
Increases related to previous year tax positions		596		359			478
Reductions due to lapse of applicable statute of limitations		—		(478	)		(151	)
Reduction due to settlements		—		—			—
Balance at December 31	$	955	$	359		$	478