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Note 11 - Income Taxes | 12 Months Ended
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Dec. 31, 2011
Income Tax Disclosure [Abstract] |
Income Tax Disclosure [Text Block] | NOTE 11 - INCOME TAXES Components of the provision for income taxes and the income to which it relates for the years ended December 31, 2011, 2010 and 2009, consist of the following (in thousands):
|  | Year Ended December 31,
|  | 2011 |  | 2010 |  | 2009
Income from continuing operations before income taxes | $ | 108,203 |  | $ | 80,042 |  | $ | 61,175
Current income taxes: |  |  |  |  |  |  |  |
| Federal | $ | 16,878 |  | $ | 13,508 |  | $ | 7,678
| Foreign |  | 17,304 |  |  | 12,606 |  |  | 9,564
| State and local |  | 749 |  |  | 710 |  |  | 1,379
|  |  | 34,931 |  |  | 26,824 |  |  | 18,621
Deferred income taxes |  | 2,407 |  |  | 1,844 |  |  | 4,258
|  | $ | 37,338 |  | $ | 28,668 |  | $ | 22,879
The provision for income taxes related to discontinued operations was an expense of $4,612,000, $2,642,000 and $8,359,000 for the years ended December 31, 2011, 2010 and 2009, respectively. The principal current and non-current deferred tax assets and liabilities consist of the following at December 31, 2011, and 2010 (in thousands):
|  |  | December 31,
|  |  | 2011 |  | 2010
Deferred tax assets: |  |  |  |  |
| Cumulative foreign translation adjustment | $ | 7,091 |  | $ | 1,708
| Interest accrual on pawn forfeits |  | 931 |  |  | 1,043
| Foreign tax credits |  | 304 |  |  | 3,506
| Other |  | 852 |  |  | 800
|  | Total deferred tax assets |  | 9,178 |  |  | 7,057
Deferred tax liabilities: |  |  |  |  |
| Intangible asset amortization |  | 13,855 |  |  | 14,023
| Functional currency tax-basis adjustment |  | - |  |  | 1,962
| Other |  | 564 |  |  | 497
|  | Total deferred tax liabilities |  | 14,419 |  |  | 16,482
Net deferred tax liablities | $ | (5,241) |  | $ | (9,425)
Reported as: |  |  |  |  |
| Current deferred tax assets | $ | 1,078 |  | $ | -
| Current deferred taxes payable |  | - |  |  | (991)
| Non-current deferred income tax liabilities |  | (6,319) |  |  | (8,434)
|  | Net deferred tax liabilities | $ | (5,241) |  | $ | (9,425)
The effective rate on income from continuing operations differs from the U.S. federal statutory rate of 35%. The following is a reconciliation of such differences (in thousands):
|  | Year Ended December 31,
|  | 2011 |  | 2010 |  | 2009
Tax at the U.S. federal statutory rate | $ | 37,871 |  | $ | 28,015 |  | $ | 21,411
State income taxes, net of federal tax benefit of $262, $249 and |  |  |  |  |  |  |  |
| $483, respectively |  | 487 |  |  | 462 |  |  | 896
Other taxes and adjustments, net |  | (1,020) |  |  | 191 |  |  | 572
|  | $ | 37,338 |  | $ | 28,668 |  | $ | 22,879
The Company determines whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Interest and penalties related to income tax liabilities that could arise would be classified as interest expense in the Consolidated Statements of Income. There were no such interest or penalties for the fiscal years ended December 31, 2011, 2010 and 2009. As of December 31, 2011, and 2010, the Company had no unrecognized tax benefits and, therefore, the Company did not have a liability for accrued interest and penalties. The Company does not believe that its unrecognized tax benefits will significantly change over the next twelve months. The Company files federal income tax returns in the United States and Mexico, as well as multiple state and local income tax returns in the United States. The Company’s U.S. federal income tax returns for the years ended December 31, 2006, 2007, 2008 and 2009 are currently being examined by the U.S. Internal Revenue Service. As of the close of the calendar year, no adjustments have been proposed. The Company’s U.S. federal returns are not subject to examination for tax years prior to 2006. The Company’s state income tax returns are not subject to examination for the tax years prior to 2008 with the exception of three states, which are not subject to examination for tax years prior to 2007. With respect to Mexico, the tax years prior to 2006 are closed to examination. The Company has cumulative foreign tax credits of $304,000 as of the end of 2011, which will expire at the end of 2018. The Company expects that it will utilize the foreign tax credits prior to their expiration.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -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. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -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. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 6: 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 Reference 7: 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 8: 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)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
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