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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2011

INCOME TAXES

Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries

		2011			2010			2009
United States		$	134,363		$	78,327		$	159,063
Foreign			99,394			74,655			67,021
		$	233,757		$	152,982		$	226,084

Schedule of income tax expense (benefit)

		2011			2010			2009
Current:
Federal		$	53,005		$	21,900		$	43,497
State			8,915			3,527			5,681
Foreign			29,287			23,919			16,618
			91,207			49,346			65,796
Non-current:			(1,655	)		645			(277	)
Deferred:
Federal			(4,586	)		5,258			8,146
State			(1,180	)		686			1,092
Foreign			(79,196	)		(927	)		(1,863	)
			(84,962	)		5,017			7,375
		$	4,590		$	55,008		$	72,894

Schedule of reconciliation of statutory federal income tax rate and effective tax rate

		2011			2010			2009
Statutory federal income tax rate			35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit			1.5			1.8			2.5
Carryforwards, credits and changes in valuation allowances			(27.7	)		(0.2	)		(0.9	)
Foreign tax rate differences			(2.7	)		(3.4	)		(3.1	)
Changes in unrecognized tax benefits			(0.7	)		0.4			(0.1	)
Non-deductible acquisition costs—Delta			—			2.3			—
Domestic production activities deduction			(2.3	)		(1.3	)		(1.2	)
Other			(1.1	)		1.4			—
			2.0	%		36.0	%		32.2	%

Schedule of tax effects of significant items comprising net deferred income tax liabilities

		2011			2010
Deferred income tax assets:
Accrued expenses and allowances		$	16,898		$	14,790
Accrued insurance			1,572			1,481
Tax credit and net operating loss carryforwards			166,020			174,283
Defined benefit pension liability			17,006			31,251
Inventory allowances			6,262			3,360
Accrued warranty			4,900			3,613
Deferred compensation			34,720			30,076
Gross deferred income tax assets			247,378			258,854
Valuation allowance			(123,522	)		(208,130	)
Net deferred income tax assets			123,856			50,724
Deferred income tax liabilities:
Property, plant and equipment			36,551			43,713
Intangible assets			60,684			62,281
Other liabilities			9,380			4,514
Total deferred income tax liabilities			106,615			110,508
Net deferred income tax asset/(liability)		$	17,241		$	(59,784	)

Schedule of activity related to unrecognized tax benefits

		2011			2010			2009
Gross unrecognized tax benefits—beginning of year		$	5,708		$	2,175		$	2,369
Gross increases—tax positions in prior period			3			77			71
Gross decreases—tax positions in prior period			(34	)		(44	)		(157	)
Gross increases—current-period tax positions			851			500			486
Gross increases—acquisitions			—			3,000			—
Lapse of statute of limitations			(2,224	)		—			(594	)
Gross unrecognized tax benefits—end of year		$	4,304		$	5,708		$	2,175

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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 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.

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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 income before income tax between domestic and foreign jurisdictions.

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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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-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.



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