XML 74 R34.htm IDEA: XBRL DOCUMENT v2.4.1.9

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes from operations

The provision for income taxes from operations consisted of the following: 

(in thousands)

	Years Ended December 31,
	2014				2013				2012
Current
Federal	$	25,178			$	19,804			$	13,163
State	4,391				3,243				2,732
Foreign	4,041				3,926				3,920
Deferred
Federal	2,264				3,646				(544		)
State	142				404				(98		)
Foreign	(225		)		(430		)		830
	$	35,791			$	30,593			$	20,003

Schedule of income and loss from operations before income taxes

Income and loss from operations before income taxes for the years ended December 31, 2014, 2013, and 2012, consisted of the following:

(in thousands)

	Years Ended December 31,
	2014				2013				2012
Domestic	$	90,142			$	74,912			$	65,705
Foreign	9,180				6,652				(3,784		)
	$	99,322			$	81,564			$	61,921

Schedule of effective income tax rates reconciliations

Reconciliations between the statutory federal income tax rates and the Company’s effective income tax rates as a percentage of income before income taxes for its operations were as follows:

(in thousands)

	Years Ended December 31,
	2014			2013			2012
Federal tax rate	35.0	%		35.0	%		35.0	%
State taxes, net of federal benefit	3.0	%		3.0	%		2.9	%
Tax benefit of domestic manufacturing deduction	(2.4	)%		(2.2	)%		(2.1	)%
Change in valuation allowance	1.5	%		1.3	%		6.0	%
Difference between United States statutory and foreign local tax rates	(0.4	)%		0.1	%		2.6	%
Change in uncertain tax position	(0.8	)%		(0.4	)%		(0.3	)%
Worthless stock deduction on Irish subsidiary	—	%		—	%		(15.4	)%
Non-deductible goodwill write-off	—	%		—	%		1.1	%
Non-deductible professional fee	—	%		—	%		1.3	%
Other	0.1	%		0.7	%		1.2	%
Effective income tax rate	36.0	%		37.5	%		32.3	%

Schedule of deferred tax assets and liabilities

The tax effects of the significant temporary differences that constitute the deferred tax assets and liabilities at December 31, 2014 and 2013, were as follows:

(in thousands)

	December 31,
	2014				2013
Current deferred tax assets (liabilities)
State tax	$	1,685			$	1,415
Workers’ compensation	1,586				1,780
Health claims	651				601
Vacation liability	1,211				1,219
Allowance for doubtful accounts	156				181
Inventories	5,685				6,691
Sales incentive and advertising allowances	757				516
Stock-based compensation	3,197				2,913
Unrealized foreign exchange gain or loss	102				124
Other, net	(368		)		171
	$	14,662			$	15,611
Long-term deferred tax assets (liabilities)
Depreciation	$	(3,913	)		$	(2,671	)
Goodwill and other intangibles amortization	(10,512		)		(9,781		)
Stock-based compensation	3,315				3,191
Accrued pension liabilities	1,276				—
Uncertain tax positions’ unrecognized tax benefits	623				1,532
Non-United States tax loss carry forward	6,506				5,472
Tax effect on cumulative translation adjustment	(789		)		(729		)
Other	796				940
	(2,698		)		(2,046		)
Less valuation allowances	(6,754		)		(5,546		)
	$	(9,452	)		$	(7,592	)

Schedule of reconciliation of unrecognized tax benefits, including foreign translation amount

A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2014, 2013 and 2012 was as follows, including foreign translation amounts:

(in thousands)

	2014				2013				2012
Balance at January 1	$	3,456			$	3,843			$	4,683
Additions based on tax positions related to prior years	7				297				527
Reductions based on tax positions related to prior years	(1,146		)		(494		)		(1,163		)
Additions for tax positions of the current year	165				837				933
Settlements	(680		)		(435		)		(486		)
Lapse of statute of limitations	(495		)		(592		)		(651		)
Balance at December 31	$	1,307			$	3,456			$	3,843

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

Reference 1: 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)(1)(i))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ 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

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration