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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES

Schedule of domestic and foreign components of the Company's income (loss) before provision for income taxes

		Year Ended December 31,
		2014				2013				2012
Domestic*		$	711,917			$	596,899			$	568,225
Foreign*		33,871				(33,005		)		(19,071		)
Income before provision for income taxes		$	745,788			$	563,894			$	549,154

Components of the provision for income taxes

		Year Ended December 31,
		2014				2013				2012
Current:
Federal		$	228,348			$	191,596			$	177,372
State		36,633				36,662				30,268
Foreign		7,467				4,052				3,951
		272,448				232,310				211,591
Deferred:
Federal		(8,473		)		(7,441		)		(743		)
State		(442		)		(1,443		)		(483		)
Foreign		3,476				(9,694		)		(7,373		)
		(5,439		)		(18,578		)		(8,599		)
Valuation allowance		(4,406		)		11,501				6,142
		$	262,603			$	225,233			$	209,134

Schedule of reconciliation of income taxes computed at statutory federal rate to total income taxes

		Year Ended December 31,
		2014				2013				2012
U.S. Federal tax expense at statutory rates		$	261,025			$	197,363			$	192,204
State income taxes, net of federal tax benefit		23,859				22,640				20,252
Permanent differences		4,816				936				5,968
Domestic production deduction		(20,607		)		(16,039		)		(15,469		)
Other		(1,267		)		266				(388		)
Foreign rate differential		(817		)		8,566				425
Valuation allowance		(4,406		)		11,501				6,142
		$	262,603			$	225,233			$	209,134

Components of the Company's deferred tax assets (liabilities)

		2014				2013
Deferred Tax Assets:
Reserve for sales returns		$	289			$	583
Reserve for doubtful accounts		36				62
Reserve for inventory obsolescence		3,030				2,060
Reserve for marketing development fund		9,118				9,470
Capitalization of inventory costs		2,527				1,949
State franchise tax		8,160				6,043
Accrued compensation		-				867
Accrued other liabilities		3,503				4,871
Deferred revenue		47,319				50,813
Stock-based compensation		25,268				21,963
Securities impairment		288				273
Foreign net operating loss carryforward		17,256				19,346
Prepaid supplies		4,195				4,639
Gain on intercompany transfer		8,347				-
Total gross deferred tax assets		$	129,336			$	122,939
Deferred Tax Liabilities:
Amortization of trademarks		$	(11,923	)		$	(10,393	)
Unrealized gain on available-for-sale investments		-				-
Other deferred tax liabilities		(327		)		(94		)
Depreciation		(5,022		)		(5,828		)
Total gross deferred tax liabilities		(17,272		)		(16,315		)
Valuation Allowance		(17,683		)		(22,089		)
Net deferred tax assets		$	94,381			$	84,535

Schedule of roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties

The following is a rollforward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the years ended December 31, 2014, 2013 and 2012:

		Gross Unrealized Tax Benefits
Balance at January 1, 2012		$	1,910
Additions for tax positions related to the current year		-
Additions for tax positions related to the prior year		520
Decreases for tax positions related to prior years		(1,504)
Balance at December 31, 2012		$	926
Additions for tax positions related to the current year		-
Additions for tax positions related to the prior year		9
Decreases for tax positions related to prior years		-
Balance at December 31, 2013		$	935
Additions for tax positions related to the current year		-
Additions for tax positions related to the prior year		-
Decreases for tax positions related to prior years		-
Balance at December 31, 2014		$	935

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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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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

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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 income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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