v2.4.0.8

Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule Of Components Of Income Tax Expense (Benefit)

The provision for income taxes consists of the following components (in thousands):

	Year Ended December 31,
	2012				2011				2010
Current:
Federal	$	110,825			$	97,887			$	75,009
State	19,693				14,435				16,552
Foreign	13,202				3,883				2,483
	$	143,720			$	116,205			$	94,044
Deferred:
Federal	$	5,824			$	8,376			$	8,928
State	(647		)		919				598
Foreign	(955		)		7				(563		)
	$	4,222			$	9,302			$	8,963
Provision for income taxes	$	147,942			$	125,507			$	103,007

Schedule Of Income Before Income Tax, Domestic and Foreign

Income taxes have been based on the following components of income from continuing operations before provision for income taxes (in thousands):

	Year Ended December 31,
	2012				2011				2010
Domestic	$	348,150			$	319,305			$	264,438
Foreign	61,017				16,466				5,687
	$	409,167			$	335,771			$	270,125

Schedule Of Effective Income Tax Rate Reconciliation

The U.S. federal statutory rate is reconciled to the effective tax rate as follows:

	Year Ended December 31,
	2012			2011			2010
U.S. federal statutory rate	35.0	%		35.0	%		35.0	%
State income taxes, net of state credits and federal tax impact	3.1	%		3.1	%		3.4	%
Impact of international operations	(2.3	)%		(0.8	)%		(0.3	)%
Non-deductible expenses	0.8	%		0.7	%		0.3	%
Federal production incentives and credits	(0.3	)%		(0.4	)%		(0.2	)%
Revaluation of deferred taxes	(0.3	)%		—	%		(0.5	)%
Other, net	0.2	%		(0.2	)%		0.4	%
Effective tax rate	36.2	%		37.4	%		38.1	%

Schedule Of Deferred Tax Assets and Liabilities

The significant components of our deferred tax assets and liabilities are as follows (in thousands):

	December 31,
	2012				2011
Deferred Tax Assets:
Inventory	$	29,523			$	22,267
Accrued expenses and reserves	27,361				18,357
Accounts receivable	10,037				10,860
Stock-based compensation	9,442				8,945
Qualified and nonqualified retirement plans	7,476				5,157
Net operating loss carryforwards	4,451				4,722
Interest rate swaps	5,461				3,679
Other	4,711				8,621
	98,462				82,608
Less valuation allowance	(1,631		)		(1,911		)
Total deferred tax assets	$	96,831			$	80,697
Deferred Tax Liabilities:
Goodwill and other intangible assets	$	64,704			$	46,373
Property and equipment	48,994				44,535
Trade name	30,336				32,592
Other	1,428				1,864
Total deferred tax liabilities	$	145,462			$	125,364
Net deferred tax liability	$	(48,631	)		$	(44,667	)

Schedule Of Deferred Tax Assets And Liabilities Classification

Deferred tax assets and liabilities are reflected on our Consolidated Balance Sheets as follows (in thousands):

	December 31,
	2012				2011
Current deferred tax assets	$	53,485			$	45,690
Noncurrent deferred tax assets	164				—
Current deferred tax liabilities	5				1,561
Noncurrent deferred tax liabilities	102,275				88,796

Schedule Of Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands):

	2012				2011				2010
Balance at January 1	$	5,497			$	5,441			$	8,526
Additions based on tax positions related to the current year	973				952				713
Additions for tax positions of prior years	167				192				281
Reductions for tax positions of prior years	(2,379		)		—				(86		)
Reductions for tax positions of prior years—timing differences	—				—				(2,041		)
Lapse of statutes of limitations	(998		)		(892		)		(1,952		)
Settlements with taxing authorities	(957		)		(196		)		—
Balance at December 31	$	2,303			$	5,497			$	5,441

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Tabular disclosure of the line items within the consolidated balance sheets that contain the deferred tax assets and liabilities, and the respective balances as of period-end.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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