INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

INCOME TAXES

Schedule of domestic and foreign components of pretax income

	2020		2019		2018
Domestic	$	69,211	$	74,978	$	66,253
Foreign		7,051		10,426		6,953
	$	76,262	$	85,404	$	73,206

Schedule of components of provision of income taxes

	2020		2019		2018
Current:
Federal	$	14,831	$	15,133	$	12,414
Foreign		1,029		—		—
State		1,763		2,942		1,421
		17,623		18,075		13,835
Deferred:
Federal		(1,006)		(543)		(577)
Foreign		1,316		2,422		2,685
State		(645)		611		458
		(335)		2,490		2,566
	$	17,288	$	20,565	$	16,401

Schedule of significant components of net deferred tax liability

	December 31,
	2020		2019
Deferred tax assets:
Accrued customer promotions	$	1,506	$	198
Deferred compensation		18,501		19,432
Postretirement benefits		3,355		3,439
Other accrued expenses		3,078		3,979
Foreign subsidiary tax loss carry forward		4,508		4,584
Outside basis difference in foreign subsidiary		365		365
Deductible state tax depreciation		471		512
Tax credit carry forward		3,288		3,059
		35,072		35,568
Valuation allowances		(5,593)		(4,985)
Total deferred tax assets	$	29,479	$	30,583
Deferred tax liabilities:
Depreciation	$	22,192	$	23,375
Deductible goodwill and trademarks		37,348		36,591
Accrued export company commissions		4,508		4,367
Employee benefit plans		1,767		2,700
Inventory reserves		1,994		2,526
Prepaid insurance		569		710
Unrealized capital gains		2,515		1,362
Deferred foreign exchange gain		179		260
Deferred gain on sale of real estate		5,269		5,298
Total deferred tax liabilities	$	76,341	$	77,189
Net deferred tax liability	$	46,862	$	46,606

Schedule of reconciliation of statutory and effective income tax rate

	2020		2019		2018
U.S. statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net	2.1		2.2		2.2
Exempt municipal bond interest	—		(0.1)		(0.1)
Foreign income tax rates	1.0		(0.1)		0.5
Income tax credits and adjustments	(1.4)		0.5		—
Adjustment of deferred tax balances	(0.2)		—		0.1
Reserve for uncertain tax benefits	(0.8)		0.4		(1.0)
Other, net	1.0		0.2		(0.3)
Effective income tax rate	22.7	%	24.1	%	22.4	%

Schedule of reconciliation of beginning and ending balances of total amounts of unrecognized tax benefits

	2020		2019		2018
Unrecognized tax benefits at January 1	$	3,678	$	3,339	$	4,342
Increases in tax positions for the current year		377		1,164		448
Reductions in tax positions for lapse of statute of limitations		(501)		(576)		(751)
Reductions in tax positions for settlements and payments		(308)		(249)		—
Increases (decreases) in prior period unrecognized tax benefits due to change in judgment		(235)		—		(700)
Unrecognized tax benefits at December 31	$	3,011	$	3,678	$	3,339