Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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
	2019			2018			2017
Statutory Federal income tax rate		21.0	%		21.0	%		35.0	%
State income taxes - net of Federal tax benefit		5.2			42.5			8.3
Foreign tax rate differential		—			3.9			(1.6	)
Domestic production deduction		—			—			(5.2	)
Non-deductible expenses		1.0			93.8			0.4
Impact of tax law changes		—			22.1			(7.4	)
Changes in unrecognized tax benefits		0.4			42.9			0.9
Foreign tax incentives		(0.4	)		(3.1	)		—
Other		(0.2	)		(4.4	)		0.6
Effective tax rate for the year		27.0	%		218.7	%		31.0	%

Income (Loss) from Continuing Operations Before Income Taxes

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

	2019			2018		2017
United States	$	33,612		$	419	$	12,979
Foreign		(429	)		970		2,729
Totals	$	33,183		$	1,389	$	15,708

Income Tax Expense (Benefit) from Continuing Operations

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

	2019					2018					2017
	Current		Deferred			Current		Deferred			Current		Deferred
Federal	$	7,270	$	(447	)	$	9,694	$	(7,910	)	$	6,304	$	(4,394	)
Foreign		497		(538	)		1,218		(718	)		1,821		(883	)
State and local		2,123		63			1,575		(822	)		2,402		(386	)
	$	9,890	$	(922	)	$	12,487	$	(9,450	)	$	10,527	$	(5,663	)

Significant Components of the Company's Deferred Taxes

Significant components of the Company’s deferred taxes as of December 31, 2019 and 2018 are as follows:

	2019			2018
Deferred income tax assets
Compensation	$	2,268		$	2,774
Inventory valuation		873			695
Allowance for uncollectible accounts		290			237
Provision for loss on note receivable		5,031			5,031
Non-deductible accruals		5,370			4,196
Operating lease liability		1,288			—
Non-deductible intangibles		1,862			1,574
State deferred taxes		730			843
Capital loss carryforwards		1,982			1,982
		19,694			17,332
Valuation allowance		(1,982	)		(1,982	)
		17,712			15,350
Deferred income tax liabilities
Property, plant and equipment		4,867			4,247
Tax-deductible goodwill		4,862			5,089
Right of use asset - operating leases		1,239			—
Other		937			744
		11,905			10,080
Net deferred income tax asset	$	5,807		$	5,270

Activity Related to the Company's Unrecognized Tax Benefits

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

	2019		2018		2017
Balance at January 1	$	955	$	359	$	478
Increases related to previous year tax positions		143		596		359
Reductions due to lapse of applicable statute of limitations		—		—		(478	)
Balance at December 31	$	1,098	$	955	$	359