INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

INCOME TAXES

Schedule of domestic and foreign components of pretax income

	2024		2023		2022
Domestic	$	110,569	$	105,018	$	84,286
Foreign		16,302		14,876		13,855
	$	126,871	$	119,894	$	98,141

Schedule of components of provision of income taxes

	2024		2023		2022
Current:
Federal	$	24,804	$	21,710	$	13,070
Foreign		2,676		3,775		4,110
State		3,531		3,738		2,605
		31,011		29,223		19,785
Deferred:
Federal		6,981		(1,209)		2,364
Foreign		1,041		658		81
State		1,030		(664)		19
		9,052		(1,215)		2,464
	$	40,063	$	28,008	$	22,249

Schedule of significant components of net deferred tax liability

	December 31,
	2024		2023
Deferred tax assets:
Accrued customer promotions	$	218	$	1,223
Deferred compensation		14,886		21,617
Postretirement benefits		2,326		2,572
Other accrued expenses		993		4,214
Foreign subsidiary tax loss carry forward		4,681		5,012
Outside basis difference in foreign subsidiary		361		361
Capitalized research and development costs		9,965		6,594
Deductible state tax depreciation		1,286		1,386
Tax credit carry forward		2,565		2,368
		37,281		45,347
Valuation allowances		(6,180)		(6,361)
Total deferred tax assets	$	31,101	$	38,986
Deferred tax liabilities:
Depreciation	$	26,851	$	27,604
Deductible goodwill and trademarks		37,902		38,512
Accrued export company commissions		5,012		4,735
Employee benefit plans		2,894		4,000
Inventory reserves		1,465		(688)
Prepaid insurance		1,122		721
Unrealized capital gains		3,598		2,633
Other Prepaid		13		—
Deferred gain on sale of real estate		5,240		5,240
Total deferred tax liabilities	$	84,097	$	82,757
Net deferred tax liability	$	52,996	$	43,771

Schedule of reconciliation of statutory and effective income tax rate

	2024		2023		2022
U.S. statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net	2.6		3.7		2.3
Foreign income tax rates	0.1		0.3		1.0
Income tax credits and adjustments	(0.4)		(0.6)		(0.8)
Adjustment of deferred tax balances related to Deferred Compensation	8.7		—		—
Other adjustment of deferred tax balances	0.1		(0.2)		(0.7)
Reserve for uncertain tax benefits	(0.1)		(0.2)		0.3
Other, net	(0.6)		(0.6)		(0.4)
Effective income tax rate	31.6	%	23.4	%	22.7	%

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

	2024		2023		2022
Unrecognized tax benefits at January 1	$	2,313	$	3,392	$	3,133
Increases in tax positions for the current year		285		510		393
Reductions in tax positions for lapse of statute of limitations		(484)		(1,589)		(134)
Unrecognized tax benefits at December 31	$	2,114	$	2,313	$	3,392