XML 41 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2011
Income Taxes [Abstract] |
Components of Income (Loss) Before Income Taxes | The components of income (loss) before income taxes were taxed under the following jurisdictions:
(In thousands) |  | 2011 |  |  | 2010 |  |  | 2009 |
Domestic |  | $ | 118,208 |  |  | $ | 88,262 |  |  | $ | 36,478 |
Foreign |  |  | 11,953 |  |  |  | 33,588 |  |  |  | (13,349 | )
Income before income taxes |  | $ | 130,161 |  |  | $ | 121,850 |  |  | $ | 23,129 |
Components of Income Tax Expense | Income tax expense consists of the following:
(In thousands) |  | 2011 |  |  | 2010 |  |  | 2009 |
Current tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 43,127 |  |  | $ | 32,132 |  |  | $ | 14,834 |
Foreign |  |  | 1,740 |  |  |  | 6,292 |  |  |  | 3,248 |
State and local |  |  | 2,398 |  |  |  | 2,518 |  |  |  | 2,264 |
Current tax expense |  |  | 47,265 |  |  |  | 40,942 |  |  |  | 20,346 |
Deferred tax (benefit) expense: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (6,480 | ) |  |  | (4,057 | ) |  |  | (4,321 | )
Foreign |  |  | 344 |  |  |  | (2,036 | ) |  |  | 3,893 |
State and local |  |  | 1,946 |  |  |  | (534 | ) |  |  | (2,126 | )
Deferred tax (benefit) expense |  |  | (4,190 | ) |  |  | (6,627 | ) |  |  | (2,554 | )
Income tax expense |  | $ | 43,075 |  |  | $ | 34,315 |  |  | $ | 17,792 |
Income Tax Reconciliation | The difference between the reported income tax expense and a tax determined by applying the applicable U.S. federal statutory income tax rate to income before income taxes is reconciled as follows:
(In thousands) |  | 2011 |  |  | 2010 |  |  | 2009 |
Expected income tax expense |  | $ | 45,556 |  |  | $ | 42,647 |  |  | $ | 8,095 |
State and local income tax, net of federal benefit |  |  | 4,267 |  |  |  | 2,867 |  |  |  | 2,844 |
Effect of foreign statutory rate different from U.S. and other foreign adjustments |  |  | (560 | ) |  |  | (2,143 | ) |  |  | 435 |
Valuation allowance changes |  |  | (443 | ) |  |  | (5,496 | ) |  |  | 52 |
U.S. production activities deduction |  |  | (3,850 | ) |  |  | (2,975 | ) |  |  | (700 | )
Gain on early retirement of debt |  |  | - |  |  |  | - |  |  |  | (45 | )
Goodwill impairment |  |  | - |  |  |  | - |  |  |  | 8,728 |
Tax contingency changes |  |  | (1,934 | ) |  |  | (1,516 | ) |  |  | (973 | )
Other, net |  |  | 39 |  |  |  | 931 |  |  |  | (644 | )
Income tax expense |  | $ | 43,075 |  |  | $ | 34,315 |  |  | $ | 17,792 |
Unrecognized Tax Benefits Reconciliation | The following summarizes the activity related to the Company's unrecognized tax benefits:
(In thousands) |  | 2011 |  |  | 2010 |
Beginning balance |  | $ | 8,565 |  |  | $ | 11,282 |
Increases related to prior year tax positions |  |  | - |  |  |  | 134 |
Increases related to current year tax positions |  |  | - |  |  |  | 47 |
Decreases related to prior year tax positions |  |  | (802 | ) |  |  | (612 | )
Decreases related to settlements with taxing authorities |  |  | - |  |  |  | (392 | )
Decreases due to lapses in the statute of limitations |  |  | (1,191 | ) |  |  | (1,894 | )
Ending balance |  | $ | 6,572 |  |  | $ | 8,565 |
Components of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:
(In thousands) |  | 2011 |  |  | 2010 |
Deferred tax assets: |  |  |  |  |  |
Accounts receivable |  | $ | 424 |  |  | $ | 1,961 |
Inventories |  |  | 11,075 |  |  |  | 7,885 |
Other postretirement benefits and accrued items |  |  | 13,880 |  |  |  | 13,889 |
Pension |  |  | 19,262 |  |  |  | 14,764 |
Other reserves |  |  | 14,671 |  |  |  | 13,516 |
Federal and foreign tax attributes |  |  | 7,421 |  |  |  | 6,651 |
State tax attributes, net of federal benefit |  |  | 30,478 |  |  |  | 32,138 |
Other |  |  | 2,296 |  |  |  | 2,062 |
Total deferred tax assets |  |  | 99,507 |  |  |  | 92,866 |
Less valuation allowance |  |  | (29,705 | ) |  |  | (28,714 | )
Deferred tax assets, net of valuation allowance |  |  | 69,802 |  |  |  | 64,152 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property, plant, and equipment |  |  | 44,757 |  |  |  | 48,330 |
Foreign withholding tax |  |  | - |  |  |  | 719 |
Pension |  |  | 8,589 |  |  |  | 8,621 |
Other |  |  | 893 |  |  |  | 1,093 |
Total deferred tax liabilities |  |  | 54,239 |  |  |  | 58,763 |
Net deferred tax asset |  | $ | 15,563 |  |  | $ | 5,389 |

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References No definition available. + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 21 -Subparagraph d -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 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration