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Income Tax Expense (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Income Before Income Taxes And Provision For Income Taxes


	Years Ended December 31
	2011		2010		2009
Income before income tax expense
Domestic	$	198,153	$	149,640	$	184,217
Foreign		105,564		110,356		55,159

	$	303,717	$	259,996	$	239,376

Income tax expense
Current income taxes
Federal	$	55,909	$	45,658	$	51,374
State		9,996		4,470		5,337
Foreign		28,530		30,810		16,125

		94,435		80,938		72,836

Deferred income taxes
Federal		1,380		1,319		4,768
State		230		62		(1,901	)
Foreign		765		552		1,390

		2,375		1,933		4,257

Total income tax expense	$	96,810	$	82,871	$	77,093

Reconciliation Of U.S. Federal Statutory Rate To Effective Income Tax Rate


	% of Income Before Income Tax Expense
	2011			2010			2009
Federal statutory rate		35.0	%		35.0	%		35.0	%
State taxes, net of federal tax		1.9			1.4			1.8
Foreign operations		(2.0	)		(1.8	)		(0.6	)
Impact of rate changes on deferred taxes		0.0			(0.1	)		(0.7	)
Research tax credit		(0.7	)		(0.7	)		(0.8	)
Domestic manufacturing tax benefit		(2.4	)		(1.4	)		(2.0	)
Other items and adjustments		0.1			(0.5	)		(0.5	)

Effective income tax rate		31.9	%		31.9	%		32.2	%

Schedule of Deferred Income Tax Assets and Liabilities


	December 31
	2011		2010
Deferred income tax assets
Future employee benefits	$	45,502	$	37,931
Environmental and future shutdown reserves		7,751		7,977
Loss on derivatives		15,466		10,176
Trademark expenses		4,911		4,590
Foreign currency translation adjustments		4,713		2,800
Litigation accruals		1,289		1,474
Financed intangible asset		1,779		1,521
Other		3,465		2,034

		84,876		68,503

Deferred income tax liabilities
Depreciation and amortization		25,664		21,646
Intangibles		5,067		8,272
Inventory valuation and related reserves		2,851		2,836
Undistributed earnings of foreign subsidiaries		4,995		4,073
Other		3,233		2,826

		41,810		39,653

Net deferred income tax assets	$	43,066	$	28,850

Reconciliation to financial statements
Deferred income tax assets—current	$	7,261	$	6,876
Deferred income tax assets—noncurrent		35,805		21,974

Net deferred income tax assets	$	43,066	$	28,850

Schedule Of Reconciliation Of Unrecognized Tax Benefits


Balance at January 1, 2009	$	2,391
Additions for tax positions of prior years		200
Reductions as a result of settlements with tax authorities		(1,474	)
Decreases for tax positions of prior years		(200	)

Balance at December 31, 2009		917
Additions for tax positions of prior years		333
Reductions as a result of settlements with tax authorities		(200	)
Decreases for tax positions of prior years		(317	)

Balance at December 31, 2010		733
Additions for tax positions of prior years		200
Reductions as a result of settlements with tax authorities		(200	)
Decreases for tax positions of prior years		(133	)

Balance at December 31, 2011	$	600

- 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.

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