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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Schedule of Income Before Income Taxes

		Year ended December 31,
		2013				2012				2011
U.S. operations		$	11,340			$	8,904			$	3,478
Foreign operations			69,306				265,861				63,915
		$	80,646			$	274,765			$	67,393

Schedule of Current and Deferred Income Tax Expense (Benefit)

		Year ended December 31,
		2013				2012				2011
Current:
Federal		$	3,638			$	2,511			$	1,269
State and local			454				558				286
Foreign			20,744				102,717				23,898
			24,836				105,786				25,453
Deferred:
Federal			370				703				(170	)
State and local			59				40				3
Foreign			4,415				(8,654	)			(842	)
			4,844				(7,911	)			(1,009	)
Total income tax expense		$	29,680			$	97,875			$	24,444

Schedule of Deferred Tax Assets and Liabilities

		December 31,
		2013				2012
Deferred tax assets:
Foreign net operating loss carry-forwards		$	707			$	591
Inventory and accounts receivable			626				703
Profit sharing			4,805				6,352
Stock option compensation			526				540
Effect of inventory profit elimination			1,710				5,560
Other			(410	)			(23	)
Total gross deferred tax assets			7,964				13,723
Valuation allowance			(707	)			(591	)
Net deferred tax assets			7,257				13,132
Deferred tax liabilities (long-term):
Trademarks and licenses			(2,555	)			(3,502	)
Other			-				(297	)
Total deferred tax liabilities			(2,555	)			(3,799	)
Net deferred tax assets		$	4,702			$	9,333

Schedule of Effective Income Tax Rate Reconciliation

		Year ended December 31,
		2013				2012				2011
Statutory rates			34.0	%			34.0	%			34.0	%
State and local taxes, net of Federal benefit			0.4				0.1				0.3
Effect of foreign taxes greater than (less than) U.S. statutory rates			2.0				1.4				2.0
Other			0.4				0.1				-
Effective rates			36.8	%			35.6	%			36.3	%

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- 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

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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.

+ 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

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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.

+ 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

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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

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