Income Taxes Income Tax Provision (Tables)
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12 Months Ended |
Dec. 31, 2018 |
|---|
| 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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2018 |
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2017 |
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2016 |
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|
(As Adjusted) |
|
(As Adjusted) |
Current: |
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|
|
|
|
Federal |
$ |
16,572 |
|
|
$ |
28,556 |
|
|
$ |
24,139 |
|
State |
3,559 |
|
|
4,043 |
|
|
3,052 |
|
|
20,131 |
|
|
32,599 |
|
|
27,191 |
|
Deferred: |
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|
|
|
|
|
Federal |
7,194 |
|
|
(11,860 |
) |
|
3,145 |
|
State |
870 |
|
|
(457 |
) |
|
269 |
|
|
8,064 |
|
|
(12,317 |
) |
|
3,414 |
|
|
$ |
28,195 |
|
|
$ |
20,282 |
|
|
$ |
30,605 |
|
|
| 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 21.0% for 2018 and 35.0% for 2017 and 2016 to income before income taxes as follows:
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2018 |
|
2017 |
|
2016 |
|
|
|
(As Adjusted) |
|
(As Adjusted) |
Tax expense at the statutory rate |
$ |
25,252 |
|
|
$ |
37,637 |
|
|
$ |
20,399 |
|
State income taxes, net of federal benefit |
3,685 |
|
|
2,339 |
|
|
2,229 |
|
Share-based compensation |
(50 |
) |
|
(366 |
) |
|
— |
|
Qualified stock options |
12 |
|
|
32 |
|
|
(88 |
) |
Other permanent differences |
163 |
|
|
252 |
|
|
474 |
|
TQI goodwill impairment |
— |
|
|
— |
|
|
8,990 |
|
Deferred tax asset valuation allowance |
35 |
|
|
78 |
|
|
(2 |
) |
Federal qualified property deductions |
— |
|
|
(2,075 |
) |
|
(1,311 |
) |
Federal income tax credits |
(207 |
) |
|
(58 |
) |
|
— |
|
Non-taxable acquisitions |
— |
|
|
(568 |
) |
|
— |
|
Rate impact on deferred tax liabilities |
— |
|
|
(15,901 |
) |
|
— |
|
Other |
(695 |
) |
|
(1,088 |
) |
|
(86 |
) |
|
$ |
28,195 |
|
|
$ |
20,282 |
|
|
$ |
30,605 |
|
|
| 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,
2018 |
|
December 31,
2017 |
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|
|
(As Adjusted) |
Deferred tax assets: |
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|
Accrued expenses |
$ |
10,362 |
|
|
$ |
8,228 |
|
Allowance for doubtful accounts |
535 |
|
|
777 |
|
Share-based compensation |
3,526 |
|
|
3,002 |
|
Accruals for income tax contingencies |
217 |
|
|
251 |
|
Net operating loss carryforwards |
2,906 |
|
|
4,733 |
|
Total deferred tax assets |
17,546 |
|
|
16,991 |
|
Valuation allowance |
(395 |
) |
|
(360 |
) |
Total deferred tax assets, net of valuation allowance |
17,151 |
|
|
16,631 |
|
Deferred tax liabilities: |
|
|
|
Tax over book depreciation |
25,606 |
|
|
19,402 |
|
Intangible assets |
10,904 |
|
|
11,108 |
|
Prepaid expenses deductible when paid |
3,902 |
|
|
3,460 |
|
Goodwill |
13,913 |
|
|
11,741 |
|
Total deferred tax liabilities |
54,325 |
|
|
45,711 |
|
Net deferred tax liabilities |
$ |
(37,174 |
) |
|
$ |
(29,080 |
) |
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| 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, 2015 |
$ |
773 |
|
Reductions for settlement with state taxing authorities |
(247 |
) |
Additions for tax positions of current year |
56 |
|
Balance at December 31, 2016 |
582 |
|
Reductions for settlement with state taxing authorities |
(14 |
) |
Additions for tax positions of prior years |
400 |
|
Additions for tax positions of current year |
366 |
|
Balance at December 31, 2017 |
1,334 |
|
Reductions for settlement with state taxing authorities |
(271 |
) |
Reductions for tax positions of prior years |
(40 |
) |
Additions for tax positions of current year |
35 |
|
Balance at December 31, 2018 |
$ |
1,058 |
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