Income Taxes (Tables)

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes consists of the following:

	Three months ended
	March 31, 2017		March 31, 2016
	(in thousands)
Current	$	3,591	$	6,496
Deferred	720		(1,030		)
	$	4,311	$	5,466

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the Federal statutory income tax rate to the effective income tax rate is as follows:

	Three months ended
	March 31, 2017		March 31, 2016
Federal statutory rate	35.0	%	35.0	%
State income taxes, net of Federal benefit	3.4		5.0
Domestic manufacturing deduction	(2.9	)	(3.0	)
Excess tax benefits	(7.1	)	(4.4	)
Other	1.3		(0.5	)
Effective tax rate	29.7	%	32.1	%