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Income Taxes (Notes) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Income Taxes | Income Taxes The components of income before income taxes are as follows:
| 2015 |  | 2014 |  | 2013
Domestic | $ | 81,785 |  |  | $ | 85,988 |  |  | $ | 125,772 |
Foreign | 90,681 |  |  | 85,405 |  |  | 83,179 |
| $ | 172,466 |  |  | $ | 171,393 |  |  | $ | 208,951 |
The income tax provision (benefit) consists of the following:
| 2015 |  | 2014 |  | 2013
Current: |  |  |  |  |
Federal | $ | 24,838 |  |  | $ | 29,933 |  |  | $ | 41,334 |
State and local | 4,136 |  |  | 4,244 |  |  | 11,265 |
Foreign | 13,960 |  |  | 15,167 |  |  | 14,385 |
| 42,934 |  |  | 49,344 |  |  | 66,984 |
Deferred: |  |  |  |  |
Federal | 16,976 |  |  | 10,229 |  |  | 8,815 |
State and local | 1,961 |  |  | (2,014 | ) |  | (667 | )
Foreign | (3,060 | ) |  | 1,205 |  |  | 534 |
| 15,877 |  |  | 9,420 |  |  | 8,682 |
| $ | 58,811 |  |  | $ | 58,764 |  |  | $ | 75,666 |
Note N - Income Taxes (continued) A reconciliation between taxes computed at the federal statutory rate and the effective tax rate is as follows:
| December 31,
| 2015 |  | 2014 |  | 2013
Income taxes at federal statutory rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Effects of foreign operations | (3.6 | ) |  | (2.7 | ) |  | (1.7 | )
State and local income taxes - net of federal income tax benefit | 1.7 |  |  | 1.1 |  |  | 3 |
Nondeductible items | 0.14 |  |  | 0.2 |  |  | 0.1 |
Valuation allowance (reversal) | — |  |  | (0.1 | ) |  | — |
Other | 0.9 |  |  | 0.8 |  |  | (0.2 | )
Effective rate | 34.1 | % |  | 34.3 | % |  | 36.2 | %
The Company applies the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse. In accordance with accounting guidance, the Company has opted to classify interest and penalties that would accrue according to the provisions of relevant tax law as income tax expense on the Consolidated Statements of Income. The Company determines the amount of interest expense to be recognized by applying the applicable statutory rate of interest to the difference between the tax position recognized and the amount previously taken or expected to be taken on a tax return. The Company's tax years 2012 through 2015 remain open to examination by most taxing authorities. During 2015, the U.S. Internal Revenue Service ("IRS") commenced an audit of the Company's 2013 U.S. income tax return. As of December 31, 2015 the audit remains open and the Company is working with the IRS on open matters including a discussion related to the Company's 2013 transfer pricing calculation. Management believes that adequate provisions have been made for any adjustments that may result from the audit. The Company does not have any material unrecognized tax benefits recorded as of December 31, 2015 and 2014. Note N - Income Taxes (continued) The components of deferred tax assets and liabilities are as follows:
| December 31,
| 2015 |  | 2014
Current deferred tax assets (liabilities): |  |  |
Receivable allowances | $ | 7,932 |  |  | $ | 8,663 |
Inventory | 2,237 |  |  | 2,119 |
Unrealized (gain) loss | 1,096 |  |  | 955 |
Accrued expenses | 796 |  |  | 798 |
Other | 2,331 |  |  | 1,590 |
Gross current deferred tax asset | 14,392 |  |  | 14,125 |
Non-current deferred tax assets (liabilities): |  |  |
Depreciation and amortization | (16,045 | ) |  | (10,122 | )
Deferred compensation | 14,936 |  |  | 14,146 |
Unremitted earnings of foreign subsidiaries | (39,494 | ) |  | (29,268 | )
Deferred rent | 4,585 |  |  | 4,134 |
Amortization of goodwill | (3,749 | ) |  | (3,858 | )
Unrealized loss (gain) | (80 | ) |  | 222 |
Other | 437 |  |  | 40 |
| (39,410 | ) |  | (24,706 | )
Net deferred tax (liabilities) assets | $ | (25,018 | ) |  | $ | (10,581 | )
The Company's consolidated financial statements provide for any related tax liability on amounts that may be repatriated from foreign operations, aside from undistributed earnings of certain of the Company's foreign subsidiaries that are intended to be indefinitely reinvested in operations outside the U.S. The deferred tax liability of $39,494 and $29,268 for the years ended December 31, 2015 and 2014, respectively, reflects the amounts that may be repatriated from foreign operations. The total amount of indefinitely reinvested earnings of foreign subsidiaries as of December 31, 2015 and 2014 was $85,147 and $64,147, respectively. Accordingly, no provision has been made for United States income taxes that may become payable if those undistributed earnings of foreign subsidiaries are paid as dividends. If such amounts were not indefinitely reinvested, the Company would incur approximately $17,531 in taxes that were not previously provided for in our consolidated statements of income.

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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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: 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 3: 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 4: 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 5: 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 + Details
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