Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

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)	2018		2017		2016
United States	$	191,095	$	213,967	$	196,827
Foreign	1,257		(1,123)		2,345
Total earnings before income taxes	$	192,352	$	212,844	$	199,172

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)	2018		2017		2016
Current:
Federal	$	22,297	$	62,274	$	61,073
State and local	6,416		10,720		10,560
Foreign	1,214		158		466
Total current provision	29,927		73,152		72,099
Deferred:
Federal	12,478		7,614		(2,506)
State and local	1,639		(806)		(110)
Foreign	(243)		—		18
Total deferred provision	13,874		6,808		(2,598)
Provision for income taxes	$	43,801	$	79,960	$	69,501

Schedule of Income Tax Reconciliation

The provision for income taxes differs from the amount computed by applying the federal statutory rate of 21 percent for 2018 and 35 percent for 2017 and 2016 to income before income taxes for the following reasons for the years ended December 31:

(In thousands)	2018		2017		2016
Income tax at federal statutory rate	$	40,394	$	74,495	$	69,710
State income tax, net of federal income tax impact	6,261		6,011		6,480
Foreign tax rate differential	(598)		(322)		(614)
Section 162(m) permanent addback	894		—		—
Domestic production deduction	—		(5,511)		(5,067)
Share-based payment compensation excess tax benefit	(2,914)		(7683)		—
Federal tax credits	(1,876)		(1,110)		(1736)
Changes in tax law (TCJA)	612		13,210		—
Other	1,028		870		728
Provision for income taxes	$	43,801	$	79,960	$	69,501

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)	2018		2017
Deferred tax assets:
Goodwill and other intangible assets	$	3,854	$	5,773
Stock-based compensation	2,956		7,607
Deferred compensation	6,710		5,387
Warranty	10,931		9,282
Inventory	6,375		5,591
Other - domestic	4,276		2,966
Net operating loss and interest carryforwards - foreign	1,467		12
Total deferred tax assets before valuation allowance	36,569		36,618
Less: Valuation allowance - foreign	(1,261)		—
Total deferred tax assets net of valuation allowance	35,308		36,618
Deferred tax liabilities:
Fixed assets	(24,360)		(12,462)
Net deferred tax assets	$	10,948	$	24,156

Schedule of Unrecognized Tax Benefits

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

(In thousands)	2018		2017		2016
Balance at beginning of period	$	4,145	$	3,747	$	2,854
Changes in tax positions of prior years	114		(174)		214
Additions based on tax positions related to the current year	802		1,255		1,252
Payments	—		(211)		—
Closure of tax years	(736)		(472)		(573)
Balance at end of period	$	4,325	$	4,145	$	3,747