XML 49 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Income Taxes |
Schedule of provision for income taxes from continuing operations | (in thousands)
|  | Years Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
Current |  |  |  |  |  |  |
Federal |  | $ | 13,163 |  | $ | 21,040 |  | $ | 20,310 |
State |  | 2,732 |  | 4,427 |  | 3,896 |
Foreign |  | 3,920 |  | 4,582 |  | 3,417 |
Deferred |  |  |  |  |  |  |
Federal |  | (544 | ) | (574 | ) | 3,673 |
State |  | (98 | ) | (358 | ) | 1,726 |
Foreign |  | 830 |  | (1,231 | ) | 217 |
|  | $ | 20,003 |  | $ | 27,886 |  | $ | 33,239 |
Schedule of income and loss from continuing operations before income taxes | (in thousands)
|  | Years Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
Domestic |  | $ | 65,705 |  | $ | 68,961 |  | $ | 78,183 |
Foreign |  | (3,784 | ) | 9,825 |  | (146 | )
|  | $ | 61,921 |  | $ | 78,786 |  | $ | 78,037 |
Schedule of effective income tax rates reconciliations | (in thousands)
|  | Years Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
Federal tax rate |  | 35.0 | % | 35.0 | % | 35.0 | %
State taxes, net of federal benefit |  | 2.9 | % | 3.4 | % | 4.9 | %
Tax benefit of domestic manufacturing deduction |  | (2.1 | )% | (2.5 | )% | (2.3 | )%
Change in valuation allowance |  | 6.0 | % | (0.3 | )% | 3.3 | %
Difference between United States statutory and foreign local tax rates |  | 2.6 | % | 0.3 | % | 2.0 | %
Change in uncertain tax position |  | (0.3 | )% | (0.0 | )% | (0.7 | )%
Worthless stock deduction on Irish subsidiary |  | (15.4 | )% | 0.0 | % | 0.0 | %
Non-deductible goodwill write-off |  | 1.1 | % | 0.0 | % | 0.0 | %
Non-deductible professional fee |  | 1.3 | % | 0.0 | % | 0.0 | %
Other |  | 1.2 | % | (0.5 | )% | 0.4 | %
Effective income tax rate |  | 32.3 | % | 35.4 | % | 42.6 | %
Schedule of deferred tax assets and liabilities | (in thousands)
|  | December 31, |
|  | 2012 |  | 2011 |  | 2010 |
Current deferred tax assets |  |  |  |  |  |  |
State tax |  | $ | 1,133 |  | $ | 1,586 |  | $ | 1,197 |
Workers’ compensation |  | 1,814 |  | 2,123 |  | 1,816 |
Health claims |  | 516 |  | 549 |  | 519 |
Vacation liability |  | 1,037 |  | 865 |  | 786 |
Allowance for doubtful accounts |  | 332 |  | 291 |  | 351 |
Inventories |  | 5,713 |  | 4,796 |  | 5,141 |
Sales incentive and advertising allowances |  | 580 |  | 408 |  | 399 |
State tax credit carry forward |  | — |  | — |  | 125 |
Intangible rights write-off |  | — |  | 194 |  | — |
Acquisition expenses |  | — |  | 477 |  | — |
Unrealized foreign exchange gain or loss |  | 39 |  | 57 |  | 86 |
Other, net |  | 309 |  | 428 |  | 271 |
|  | 11,473 |  | 11,774 |  | 10,691 |
Less valuation allowances |  | — |  | — |  | (502 | )
|  | $ | 11,473 |  | $ | 11,774 |  | $ | 10,189 |
Long-term deferred tax assets (liabilities) |  |  |  |  |  |  |
Depreciation |  | $ | (2,434 | ) | $ | (3,067 | ) | $ | (1,614 | )
Goodwill and other intangibles amortization |  | (4,086 | ) | (314 | ) | (1,447 | )
Deferred compensation related to stock options |  | 7,296 |  | 5,485 |  | 4,841 |
Uncertain tax positions’ unrecognized tax benefits |  | 1,140 |  | 1,115 |  | 1,438 |
Keymark investments basis difference |  | — |  | — |  | 663 |
Non-United States tax loss carry forward |  | 8,064 |  | 5,912 |  | 5,548 |
Tax effect on cumulative translation adjustment |  | (763 | ) | (812 | ) | (826 | )
Other |  | 526 |  | 811 |  | 641 |
|  | 9,743 |  | 9,130 |  | 9,244 |
Less valuation allowances |  | (9,719 | ) | (6,279 | ) | (6,665 | )
|  | $ | 24 |  | $ | 2,851 |  | $ | 2,579 |
Schedule of reconciliation of unrecognized tax benefits, including foreign translation amount | (in thousands)
|  | 2012 |  | 2011 |  | 2010 |
Balance at January 1 |  | $ | 4,683 |  | $ | 5,862 |  | $ | 6,422 |
Additions based on tax positions related to prior years |  | 527 |  | 18 |  | 1,236 |
Reductions based on tax positions related to prior years |  | (1,163 | ) | (681 | ) | (537 | )
Additions for tax positions of the current year |  | 933 |  | 570 |  | 951 |
Settlements |  | (486 | ) | (362 | ) | (59 | )
Lapse of statute of limitations |  | (651 | ) | (724 | ) | (2,151 | )
Balance at December 31 |  | $ | 3,843 |  | $ | 4,683 |  | $ | 5,862 |

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 -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 + 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 -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 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -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 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 Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: 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. + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration