Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of earnings before income taxes consisted of the following for the years ended December 31:

(In thousands)	2017			2016		2015
United States	$	213,967		$	196,827	$	113,280
Foreign	(1,123		)	2,345		1,089
Total earnings before income taxes	$	212,844		$	199,172	$	114,369

Schedule of Provisions of Income Taxes

The provision for income taxes in the Consolidated Statements of Income was as follows for the years ended December 31:

(In thousands)	2017			2016			2015
Current:
Federal	$	62,274		$	61,073		$	31,132
State and local	10,720			10,560			7,670
Foreign	158			466			160
Total current provision	73,152			72,099			38,962
Deferred:
Federal	7,614			(2,506		)	466
State and local	(806		)	(110		)	596
Foreign	—			18			—
Total deferred provision	6,808			(2,598		)	1,062
Provision for income taxes	$	79,960		$	69,501		$	40,024

Schedule of Income Tax Reconciliation

The provision for income taxes differs from the amount computed by applying the federal statutory rate of 35 percent for 2017, 2016 and 2015 to income before income taxes for the following reasons for the years ended December 31:

(In thousands)	2017			2016			2015
Income tax at federal statutory rate	$	74,495		$	69,710		$	40,029
State income tax, net of federal income tax impact	6,011			6,480			4,386
Foreign tax rate differential	(322		)	(614		)	(82		)
Domestic production deduction	(5,511		)	(5,067		)	(2,336		)
Share-based payment compensation	(7,683		)	—			—
Federal tax credits	(1,110		)	(1,736		)	(919		)
Changes in tax law (TCJA)	13,210			—			—
Other	870			728			(1,054		)
Provision for income taxes	$	79,960		$	69,501		$	40,024

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows at December 31:

(In thousands)	2017			2016
Deferred tax assets:
Goodwill and other intangible assets	$	5,773		$	10,952
Stock-based compensation	7,607			7,550
Deferred compensation	5,387			5,184
Warranty	9,282			11,679
Inventory	5,591			6,572
Other	2,978			5,000
Total deferred tax assets	36,618			46,937
Deferred tax liabilities:
Fixed assets	(12,462		)	(14,948		)
Net deferred tax assets	$	24,156		$	31,989

Schedule of Unrecognized Tax Benefits

The following table reconciles the total amounts of unrecognized tax benefits, at December 31:

(In thousands)	2017			2016			2015
Balance at beginning of period	$	3,747		$	2,854		$	1,526
Changes in tax positions of prior years	(174		)	214			912
Additions based on tax positions related to the current year	1,255			1,252			866
Payments	(211		)	—			(85		)
Closure of tax years	(472		)	(573		)	(365		)
Balance at end of period	$	4,145		$	3,747		$	2,854