INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of the provisions for income taxes

The provision for income taxes for the years ended December 31, 2019, 2018 and 2017 consists of the following:

(thousands)	2019		2018			2017
Current:
Federal	$	17,587	$	22,578		$	27,833
State	5,019		8,725			6,036
Foreign	61		85			—
Total current	22,667		31,388			33,869
Deferred:
Federal	4,529		1,529			(6,289		)
State	1,064		(770		)	(188		)
Total deferred	5,593		759			(6,477		)
Income taxes	$	28,260	$	32,147		$	27,392

Schedule of the reconciliation of differences between income taxes and tax provisions

A reconciliation of the differences between the actual provision for income taxes and income taxes at the federal statutory income tax rate of 21% for the years ended December 31, 2019 and 2018 and at the federal statutory income tax rate of 35% for the year ended December 31, 2017 is as follows:

(thousands)	2019					2018					2017
Rate applied to pretax income	$	24,744		21.0	%	$	31,916		21.0	%	$	39,588		35.0	%
State taxes, net of federal tax effect	5,147			4.4	%	6,427			4.2	%	4,060			3.6	%
Remeasurement of net deferred tax liabilities	—			—	%	—			—	%	(7,699		)	(6.8	)%
Excess tax benefit on stock-based compensation	(833		)	(0.7	)%	(6,685		)	(4.4	)%	(6,009		)	(5.3	)%
Other	(798		)	(0.7	)%	489			0.4	%	(2,548		)	(2.3	)%
Income taxes	$	28,260		24.0	%	$	32,147		21.2	%	$	27,392		24.2	%

Schedule of deferred tax assets and liabilities

The composition of the deferred tax assets and liabilities as of December 31, 2019 and 2018 is as follows:  

(thousands)	2019			2018
Long-term deferred income tax assets (liabilities):
Trade receivables allowance	$	417		$	418
Inventory capitalization	2,226			2,591
Accrued expenses	5,987			6,123
Deferred compensation	413			462
Inventory reserves	4,651			1,278
Federal NOL carryforwards	1,113			1,607
State NOL carryforwards	953			2,060
Valuation allowance - NOL	(872		)	(649		)
Share-based compensation	7,221			5,848
Operating lease right-of-use assets	(23,910		)	—
Operating lease liabilities	24,160			—
Other	2,015			1,432
Intangibles	(28,160		)	(26,419		)
Depreciation expense	(22,368		)	(16,562		)
Prepaid expenses	(1,130		)	(888		)
Net deferred tax liabilities	$	(27,284	)	$	(22,699	)