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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

(In thousands)		2012				2011				2010
Current
Federal		$	9,375			$	(3,136	)		$	2,640
State			1,439				223				542
			10,814				(2,913	)			3,182
Deferred
Federal			(2,235	)			(7,002	)			(2,839	)
State			26				(945	)			(114	)
			(2,209	)			(7,947	)			(2,953	)
		$	8,605			$	(10,860	)		$	229

Schedule of Effective Income Tax Rate Reconciliation

The differences between income tax expense in the accompanying Consolidated Financial Statements and the amount computed by applying the statutory Federal income tax rate are as follows:

(In thousands)		2012				2011				2010
Statutory rates applied to income before income taxes		$	8,231			$	1,565			$	3,036
State income taxes, net of Federal tax benefit			769				143				302
Net permanent differences			8				33				(25	)
Change in deferred tax asset valuation allowance			(1,207	)			(14,121	)			(3,133	)
Change in state credits			1,129				717				—
Change for net operating loss carrybacks, amended returns and related receivables			342				422				—
Change in deferred tax rate			(125	)			274				—
Change in reserve for uncertain tax positions			(674	)			42				16
Other			132				65				33
		$	8,605			$	(10,860	)		$	229

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  The amounts in the following table are grouped based on broad categories of items that generate the deferred tax assets and liabilities.

(In thousands)		2012				2011
Deferred tax assets:
Accounts receivable related		$	578			$	573
Net property and equipment			10,313				7,994
Leases			5,608				4,737
Accrued liabilities			655				140
State tax credits			1,576				2,705
Pensions			9,515				10,435
Other			37				709
Total deferred tax assets			28,282				27,293
Deferred tax liabilities:
Inventory related			8,446				7,938
Other			702				739
Total deferred tax liabilities			9,148				8,677
Valuation allowance			(1,363	)			(2,570	)
Net deferred tax assets		$	17,771			$	16,046

 Deferred tax assets and deferred tax liabilities which are current are netted against each other as are non-current deferred tax assets and non-current deferred tax liabilities as they relate to each tax-paying component for presentation in the consolidated balance sheets. These groupings are detailed in the following table:

(In thousands)		2012				2011
Current assets (liabilities):
Current deferred assets		$	5,060			$	3,331
Current deferred liabilities			(10,292	)			(9,796	)
Valuation allowance			(1,363	)			(170	)
			(6,595	)			(6,635	)
Non-current assets (liabilities):
Non-current deferred assets			46,997				45,208
Non-current deferred liabilities			(22,631	)			(20,127	)
Valuation allowance			—				(2,400	)
			24,366				22,681
Net deferred tax assets		$	17,771			$	16,046

Schedule of Uncertain Tax Positions

Uncertain Tax Positions:  A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(In thousands)		2012				2011			2010
Balance at January 1		$	783			$	785		$	785
Gross increases – tax positions in prior period			—				38			—
Gross decreases – tax positions in prior period			—				(40	)		—
Reductions related to settlements with taxing  authorities and the lapse of the statute of limitations			(783	)			—			—
Balance at December 31		$	—			$	783		$	785

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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