Income Taxes Income Tax Provision (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
The provision for income taxes consists of the following:
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2016 |
|
2015 |
|
2014 |
Current: |
|
|
|
|
|
Federal |
$ |
24,139 |
|
|
$ |
8,319 |
|
|
$ |
33,631 |
|
State |
3,052 |
|
|
1,242 |
|
|
4,306 |
|
|
27,191 |
|
|
9,561 |
|
|
37,937 |
|
Deferred: |
|
|
|
|
|
|
|
|
Federal |
3,256 |
|
|
12,477 |
|
|
(2,102 |
) |
State |
269 |
|
|
2,054 |
|
|
(919 |
) |
|
3,525 |
|
|
14,531 |
|
|
(3,021 |
) |
|
$ |
30,716 |
|
|
$ |
24,092 |
|
|
$ |
34,916 |
|
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
The historical income tax expense differs from the amounts computed by applying the federal statutory rate of 35.0% to income before income taxes as follows:
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2016 |
|
2015 |
|
2014 |
Tax expense at the statutory rate |
$ |
20,435 |
|
|
$ |
27,883 |
|
|
$ |
33,630 |
|
State income taxes, net of federal benefit |
2,229 |
|
|
2,178 |
|
|
1,879 |
|
Non-deductible transaction costs |
— |
|
|
394 |
|
|
— |
|
Incentive stock options |
(88 |
) |
|
(120 |
) |
|
(96 |
) |
Other permanent differences |
474 |
|
|
216 |
|
|
186 |
|
TQI goodwill impairment |
8,990 |
|
|
— |
|
|
— |
|
Deferred tax asset valuation allowance |
(2 |
) |
|
(11 |
) |
|
39 |
|
Federal qualified property deductions |
(1,311 |
) |
|
(6,066 |
) |
|
— |
|
Federal income tax credits |
— |
|
|
(732 |
) |
|
(533 |
) |
Other |
(11 |
) |
|
350 |
|
|
(189 |
) |
|
$ |
30,716 |
|
|
$ |
24,092 |
|
|
$ |
34,916 |
|
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
Significant components of the Company’s deferred tax liabilities and assets are as follows:
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|
December 31,
2016 |
|
December 31,
2015 |
Deferred tax assets: |
|
|
|
Accrued expenses |
$ |
9,647 |
|
|
$ |
11,952 |
|
Allowance for doubtful accounts |
662 |
|
|
936 |
|
Share-based compensation |
5,005 |
|
|
5,242 |
|
Accruals for income tax contingencies |
252 |
|
|
268 |
|
Net operating loss carryforwards |
10,231 |
|
|
13,620 |
|
Total deferred tax assets |
25,797 |
|
|
32,018 |
|
Valuation allowance |
(282 |
) |
|
(284 |
) |
Total deferred tax assets, net of valuation allowance |
25,515 |
|
|
31,734 |
|
Deferred tax liabilities: |
|
|
|
Tax over book depreciation |
29,416 |
|
|
28,027 |
|
Intangible assets |
17,588 |
|
|
25,399 |
|
Prepaid expenses deductible when paid |
4,862 |
|
|
5,018 |
|
Goodwill |
15,520 |
|
|
13,166 |
|
Total deferred tax liabilities |
67,386 |
|
|
71,610 |
|
Net deferred tax liabilities |
$ |
(41,871 |
) |
|
$ |
(39,876 |
) |
|
| Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block] |
A reconciliation of the beginning and ending amount of unrecognized tax benefit is as follows:
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|
|
|
|
Liability for |
|
Unrecognized Tax |
|
Benefits |
Balance at December 31, 2013 |
$ |
1,339 |
|
Reductions for settlement with state taxing authorities |
(697 |
) |
Additions for tax positions of prior years - TQI |
63 |
|
Additions for tax positions of current year |
66 |
|
Balance at December 31, 2014 |
771 |
|
Reductions for settlement with state taxing authorities |
(64 |
) |
Additions for tax positions of current year |
66 |
|
Balance at December 31, 2015 |
773 |
|
Reductions for settlement with state taxing authorities |
(247 |
) |
Additions for tax positions of current year |
56 |
|
Balance at December 31, 2016 |
$ |
582 |
|
|