Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Income Tax Expense (Benefit), Continuing Operations

The provision for income taxes from continuing operations consists of the following (in thousands):

	YEARS ENDED DECEMBER 31,
	2020		2019		2018
Current tax expense:
Federal	$	17,278	$	12,074	$	12,032
State	4,119		5,057		5,369
Deferred tax expense	(2,224)		(301)		(397)
Total Income tax expense	$	19,173	$	16,830	$	17,004

Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation

The provision for income taxes from continuing operations shown above varied from the statutory federal income tax rate for those periods as follows:

	YEARS ENDED DECEMBER 31,
	2020		2019		2018
Federal income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of Federal tax effect	5.3		5.8		6.1
Non-deductible compensation and meals and entertainment	1.4		1.6		1.7
Tax credits	(1.5)		(2.1)		(2.5)
Tax benefit from restricted stock vesting	(1.5)		(1.6)		(0.8)
Other	0.8		(1.1)		(0.4)
Effective tax rate	25.5	%	23.6	%	25.1	%

Components of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are composed of the following (in thousands):

	DECEMBER 31,
	2020		2019
Deferred tax assets:
Accounts receivable reserves	$	829	$	542
Accrued liabilities	1,657		1,161
Deferred compensation obligation	5,046		4,715
Stock-based compensation	618		739
Operating lease liabilities	5,223		5,497
Pension and post-retirement benefit plans	3,721		3,745
Deferred payroll taxes	4,978		—
Other	461		160
Deferred tax assets	22,533		16,559
Deferred tax liabilities:
Prepaid expenses	(489)		(459)
Fixed assets	(2,811)		(965)
Deferred payroll taxes	(2,370)		(1,889)
ROU assets for operating leases	(4,347)		(4,767)
Partnership basis difference	(1,469)		—
Other	(309)		(328)
Deferred tax liabilities	(11,795)		(8,408)
Valuation allowance	—		(114)
Total Deferred tax assets, net	$	10,738	$	8,037

Income Tax Uncertainties

The following table presents a reconciliation of the beginning and ending balance of unrecognized tax benefits for the years ended (in thousands):

	DECEMBER 31,
	2020		2019		2018
Unrecognized tax benefits, beginning	$	383	$	906	$	1,127
Additions for prior year tax positions	—		—		41
Additions for current year tax positions	—		—		—
Lapse of statute of limitations	(188)		(497)		(248)
Reductions for tax positions of prior years	(13)		—		(14)
Settlements	—		(26)		—
Unrecognized tax benefits, ending	$	182	$	383	$	906