| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Income Tax Disclosure [Abstract] | |
Components of Income Tax (Benefit) Expense |
The components of income tax (benefit) expense are:
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Current: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
$ |
5,136 |
|
|
$ |
573 |
|
|
$ |
(4,256 |
) |
|
State |
|
|
(122 |
) |
|
|
417 |
|
|
|
251 |
|
|
Foreign |
|
|
655 |
|
|
|
991 |
|
|
|
934 |
|
|
Deferred: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
|
(1,345 |
) |
|
|
(319 |
) |
|
|
3,492 |
|
|
State |
|
|
1,216 |
|
|
|
347 |
|
|
|
(872 |
) |
|
|
|
$ |
5,540 |
|
|
$ |
2,009 |
|
|
$ |
(451 |
) |
|
Total Income Tax Expense Applying U.S. Federal Income Tax Rate |
Total income tax expense differed from the amounts computed by applying the U.S. Federal income tax rate of 35.0% to income before income tax expense as a result of the following:
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Computed tax expense at statutory federal rates |
|
$ |
6,415 |
|
|
$ |
3,010 |
|
|
$ |
1,536 |
|
|
Increase (decrease) in taxes resulting from: |
|
|
|
|
|
|
|
|
|
|
|
|
|
State taxes, net of federal income tax benefit |
|
|
702 |
|
|
|
454 |
|
|
|
(11 |
) |
|
Domestic production deduction |
|
|
(1,272 |
) |
|
|
(179 |
) |
|
|
420 |
|
|
Income tax credits |
|
|
(335 |
) |
|
|
(662 |
) |
|
|
(728 |
) |
|
Foreign tax rate differential |
|
|
(1,587 |
) |
|
|
(1,590 |
) |
|
|
(2,159 |
) |
|
Subpart F income |
|
|
14 |
|
|
|
9 |
|
|
|
338 |
|
|
Equity investment |
|
|
123 |
|
|
|
223 |
|
|
|
10 |
|
|
Stock based compensation |
|
|
208 |
|
|
|
244 |
|
|
|
219 |
|
|
State tax rate change |
|
|
116 |
|
|
|
185 |
|
|
|
(257 |
) |
|
Tax interest |
|
|
920 |
|
|
|
- |
|
|
|
- |
|
|
Other expenses |
|
|
236 |
|
|
|
315 |
|
|
|
181 |
|
|
|
|
$ |
5,540 |
|
|
$ |
2,009 |
|
|
$ |
(451 |
) |
|
Components of Income before Provision |
Income before provision for income taxes and losses on equity investment are:
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Domestic |
|
$ |
12,513 |
|
|
$ |
1,589 |
|
|
$ |
(5,196 |
) |
|
Foreign |
|
|
6,404 |
|
|
|
7,373 |
|
|
|
8,840 |
|
|
|
|
$ |
18,917 |
|
|
$ |
8,962 |
|
|
$ |
3,644 |
|
|
Deferred Tax Assets and Liability |
Temporary differences between the financial statement carrying amounts and tax bases of assets and liabilities that give rise to significant portions of the net deferred tax liability at December 31, 2016 and 2015 relate to the following:
|
|
|
2016 |
|
|
2015 |
|
|
Deferred tax asset |
|
|
|
|
|
|
|
|
|
Inventories |
|
$ |
5,359 |
|
|
$ |
5,949 |
|
|
State income taxes |
|
|
213 |
|
|
|
(215 |
) |
|
Program accrual |
|
|
12,318 |
|
|
|
12,598 |
|
|
Vacation pay accrual |
|
|
818 |
|
|
|
796 |
|
|
Accrued bonuses |
|
|
2,072 |
|
|
|
543 |
|
|
Bad debt |
|
|
6 |
|
|
|
45 |
|
|
Stock compensation |
|
|
1,614 |
|
|
|
1,781 |
|
|
NOL carryforward |
|
|
351 |
|
|
|
658 |
|
|
Tax credit |
|
|
14 |
|
|
|
524 |
|
|
Other |
|
|
2,707 |
|
|
|
1,659 |
|
|
Deferred tax asset |
|
$ |
25,472 |
|
|
$ |
24,338 |
|
|
Deferred tax liability |
|
|
|
|
|
|
|
|
|
Plant and equipment, principally due to differences in
depreciation and capitalized interest |
|
$ |
30,636 |
|
|
$ |
30,038 |
|
|
Prepaid expenses |
|
|
1,542 |
|
|
|
1,157 |
|
|
Deferred tax liability |
|
|
32,178 |
|
|
|
31,195 |
|
|
Total net deferred tax liability |
|
$ |
6,706 |
|
|
$ |
6,857 |
|
|
Gross Unrecognized Tax Liabilities |
The following is a roll-forward of the Company’s total gross unrecognized tax liabilities, not including interest and penalties, for the fiscal years ended December 31, 2016 and 2015:
|
|
|
2016 |
|
|
2015 |
|
|
Balance at beginning of year |
|
$ |
2,007 |
|
|
$ |
1,958 |
|
|
Additions for tax positions related to the current year |
|
|
65 |
|
|
|
85 |
|
|
Additions for tax positions related to the prior year |
|
|
86 |
|
|
|
86 |
|
|
Deletion for tax positions related to the prior year |
|
|
(265 |
) |
|
|
(122 |
) |
|
Balance at end of year |
|
$ |
1,893 |
|
|
$ |
2,007 |
|
|