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Income Taxes | 12 Months Ended
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Dec. 31, 2012
Income Tax Expense (Benefit) [Abstract] |
Income Taxes | Note 7. Income Taxes Earnings before income taxes were derived from the following sources:
| 2012 |  | 2011 |  | 2010
Domestic | $ | 649,098 |  |  | 545,527 |  |  | 409,068 |
Foreign | 25,057 |  |  | 29,554 |  |  | 21,572 |
| $ | 674,155 |  |  | 575,081 |  |  | 430,640 |
Components of income tax expense (benefit) are as follows:
2012 : | Current |  | Deferred |  | Total
Federal | $ | 202,095 |  |  | 14,742 |  |  | 216,837 |
State | 27,586 |  |  | 981 |  |  | 28,567 |
Foreign | 8,476 |  |  | (261 | ) |  | 8,215 |
| $ | 238,157 |  |  | 15,462 |  |  | 253,619 |
2011 : | Current |  | Deferred |  | Total
Federal | $ | 164,125 |  |  | 17,343 |  |  | 181,468 |
State | 28,669 |  |  | (244 | ) |  | 28,425 |
Foreign | 8,683 |  |  | (1,424 | ) |  | 7,259 |
| $ | 201,477 |  |  | 15,675 |  |  | 217,152 |
2010 : | Current |  | Deferred |  | Total
Federal | $ | 136,247 |  |  | (936 | ) |  | 135,311 |
State | 22,914 |  |  | (492 | ) |  | 22,422 |
Foreign | 4,448 |  |  | 3,103 |  |  | 7,551 |
| $ | 163,609 |  |  | 1,675 |  |  | 165,284 |
Income tax expense in the accompanying consolidated financial statements differs from the expected expense as follows:
| 2012 |  | 2011 |  | 2010
Federal income tax expense at the ‘expected’ rate of 35% | $ | 235,954 |  |  | 201,278 |  |  | 150,724 |
Increase (decrease) attributed to: |  |  |  |  |
State income taxes, net of federal benefit | 19,565 |  |  | 18,210 |  |  | 14,259 |
State tax matters | 884 |  |  | 737 |  |  | 1,238 |
Other, net | (2,784 | ) |  | (3,073 | ) |  | (937 | )
Total income tax expense | $ | 253,619 |  |  | 217,152 |  |  | 165,284 |
The tax effects of temporary differences that give rise to deferred income tax assets and liabilities at year end are as follows:
| 2012 |  | 2011
Deferred income tax asset (liability): |  |  |
Inventory costing and valuation methods | $ | 4,045 |  |  | 4,643 |
Allowance for doubtful accounts receivable | 2,618 |  |  | 2,202 |
Insurance claims payable | 7,825 |  |  | 10,807 |
Promotions payable | 945 |  |  | 797 |
Accrued legal reserves | 207 |  |  | 39 |
Stock based compensation | 4,715 |  |  | 5,853 |
Federal and state benefit of uncertain tax positions | 1,871 |  |  | 1,632 |
Other, net | 267 |  |  | 920 |
Total deferred income tax assets | 22,493 |  |  | 26,893 |
Property and equipment | (59,371 | ) |  | (48,329 | )
Total deferred income tax liabilities | (59,371 | ) |  | (48,329 | )
Net deferred income tax asset (liability) | $ | (36,878 | ) |  | (21,436 | )
No significant valuation allowance for deferred tax assets was necessary as of December 31, 2012 and 2011. The character of the deferred tax assets is such that they can typically be realized through carryback to prior tax periods or offset against future taxable income. A reconciliation of the beginning and ending amount of total gross unrecognized tax benefits is as follows:
| 2012 |  | 2011
Balance at start of year: | $ | 4,653 |  |  | 3,617 |
Increase related to prior year tax positions | 172 |  |  | 578 |
Decrease related to prior year tax positions | (1,025 | ) |  | (65 | )
Increase related to current year tax positions | 2,170 |  |  | 523 |
Decrease related to statute of limitation lapses | — |  |  | — |
Settlements | (639 | ) |  | — |
Balance at end of year: | $ | 5,331 |  |  | 4,653 |
Included in the liability for unrecognized tax benefits is an immaterial amount for interest and penalties, both of which we classify as a component of income tax expense. The amount of unrecognized tax benefits that would favorably impact the effective tax rate, if recognized, is not material. Fastenal Company or one of its subsidiaries files income tax returns in the United States federal jurisdiction, all states, and various foreign jurisdictions. With limited exceptions, we are no longer subject to income tax examinations by taxing authorities for taxable years before 2009 in the case of United States federal and non-United States examinations and 2008 in the case of state and local examinations.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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