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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2011
Income Taxes [Abstract] |
Income before income taxes and equity earnings (losses) | Income before income taxes and equity earnings (losses) is attributable to the following jurisdictions (in thousands):
|  | Year Ended December 31, |
| 2011 |  | 2010 |  | 2009 |
United States | $ | 111,376 |  | $ | 92,108 |  | $ | 76,941 |
Foreign |  | 5,727 |  |  | 2,518 |  |  | 1,832 |
Total | $ | 117,103 |  | $ | 94,626 |  | $ | 78,773 |
Provision for income taxes | The provision for income taxes consisted of the following (in thousands):
| Year Ended December 31, |
| 2011 |  | 2010 |  | 2009 |
Current: |  |  |  |  |  |  |  |  |
Federal | $ | 32,850 |  | $ | 29,040 |  | $ | 24,422 |
State and other |  | 7,675 |  |  | 5,682 |  |  | 4,998 |
Total current provision for income taxes |  | 40,525 |  |  | 34,722 |  |  | 29,420 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  | 4,754 |  |  | 1,715 |  |  | 1,659 |
State and other |  | 40 |  |  | 656 |  |  | (122 | )
Total deferred provision for income taxes |  | 4,794 |  |  | 2,371 |  |  | 1,537 |
Provision for income taxes | $ | 45,319 |  | $ | 37,093 |  | $ | 30,957 |
Reconciliation of the U.S. federal statutory tax rate to effective tax rate on income before income taxes and equity earnings (losses) | A reconciliation of the U.S. federal statutory tax rate to our effective tax rate on Income before income taxes and equity earnings (losses) is as follows:
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Federal statutory rate |  | 35.00 | % |  | 35.00 | % |  | 35.00 | %
Other, primarily state income tax rate |  | 3.70 |  |  | 4.20 |  |  | 4.30 |
Total effective tax rate |  | 38.70 | % |  | 39.20 | % |  | 39.30 | %
Components of deferred tax assets and liabilities | The components of the deferred tax assets and liabilities are as follows (in thousands):
|  | December 31, |
|  | 2011 |  |  | 2010 |
Deferred tax assets: |  |  |  |  |  |
Product inventories | $ | 8,075 |  | $ | 8,085 |
Accrued expenses |  | 2,885 |  |  | 1,272 |
Allowance for doubtful accounts |  | 777 |  |  | 854 |
Total current |  | 11,737 |  |  | 10,211 |
Leases |  | 1,866 |  |  | 1,676 |
Share-based compensation |  | 17,740 |  |  | 17,321 |
Uncertain tax positions |  | 1,650 |  |  | 1,387 |
Net operating losses |  | 3,972 |  |  | 3,537 |
Interest rate swaps |  | 164 |  |  | 1,316 |
Equity losses in unconsolidated investments |  | 5,653 |  |  | 5,653 |
Other |  | 1,037 |  |  | 1,079 |
Total non-current |  | 32,082 |  |  | 31,969 |
Less: Valuation allowance |  | (9,625 | ) |  | (9,190 | )
Total non-current, net |  | 22,457 |  |  | 22,779 |
Total deferred tax assets |  | 34,194 |  |  | 32,990 |
Deferred tax liabilities: |  |  |  |  |  |
Trade discounts on purchases |  | 1,944 |  |  | 2,159 |
Prepaid expenses |  | 1,032 |  |  | 1,067 |
Total current |  | 2,976 |  |  | 3,226 |
Intangible assets, primarily goodwill |  | 27,108 |  |  | 24,330 |
Depreciation |  | 5,885 |  |  | 1,263 |
Total non-current |  | 32,993 |  |  | 25,593 |
Total deferred tax liabilities |  | 35,969 |  |  | 28,819 |
Net deferred tax (liability) asset | $ | (1,775 | ) | $ | 4,171 |
Summary of activity related to uncertain tax positions | The following is a summary of the activity related to uncertain tax positions for the past three years (in thousands):
|  | 2011 |  |  | 2010 |  |  | 2009 |
Balance at beginning of year | $ | 3,962 |  | $ | 4,550 |  | $ | 3,887 |
Increases for tax positions taken during a prior period |  | – |  |  | 114 |  |  | 579 |
Increases for tax positions taken during the current period |  | 914 |  |  | 811 |  |  | 898 |
Decreases resulting from the expiration of the statute of limitations |  | (46 | ) |  | (992 | ) |  | (814 | )
Decreases relating to settlements |  | (115 | ) |  | (521 | ) |  | – |
Balance at end of year | $ | 4,715 |  | $ | 3,962 |  | $ | 4,550 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 9 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 12 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 21 -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 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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