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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2012
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The jurisdictional components of income before taxes consist of the following:
|  | December 31,
(in thousands) |  | 2012 |  | 2011 |  | 2010
Income before income taxes: |  |  |  |  |  |
Domestic |  | $ | 29,390 |  |  | $ | 28,109 |  |  | $ | 15,639 |
Foreign |  | 14,056 |  |  | 20,020 |  |  | 13,393 |
|  | $ | 43,446 |  |  | $ | 48,129 |  |  | $ | 29,032 |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense (benefit) consist of the following:
|  | December 31,
(in thousands) |  | 2012 |  | 2011 |  | 2010
Current: |  |  |  |  |  |
Domestic |  | $ | 9,273 |  |  | $ | 7,771 |  |  | $ | 8,995 |
Foreign |  | 4,919 |  |  | 5,682 |  |  | 3,851 |
State |  | 756 |  |  | 1,139 |  |  | 1,453 |
|  | 14,948 |  |  | 14,592 |  |  | 14,299 |
Deferred: |  |  |  |  |  |  |  |  |
Domestic |  | (192 | ) |  | 397 |  |  | (5,308 | )
Foreign |  | (363 | ) |  | 331 |  |  | (284 | )
State |  | 150 |  |  | 122 |  |  | (792 | )
|  | (405 | ) |  | 850 |  |  | (6,384 | )
Total income taxes |  | $ | 14,543 |  |  | $ | 15,442 |  |  | $ | 7,915 |
Schedule of Effective Income Tax Rate Reconciliation | The difference between income tax expense (benefit) for financial statement purposes and the amount of income tax expense computed by applying the domestic statutory income tax rate of 35% to income loss before income taxes consist of the following:
|  | December 31,
(in thousands) |  | 2012 |  | 2011 |  | 2010
Domestic statutory rate at 35% (34% for 2011 and 2010) |  | $ | 15,206 |  |  | $ | 16,364 |  |  | $ | 9,871 |
Increase (reduction) from: |  |  |  |  |  |  |  |  |
Jurisdictional rate differences |  | (1,477 | ) |  | (1,315 | ) |  | (986 | )
Goodwill impairment |  | 157 |  |  | 633 |  |  | — |
Valuation allowance |  | 825 |  |  | — |  |  | — |
Stock based compensation |  | 214 |  |  | 161 |  |  | 135 |
U.S. state taxes |  | 589 |  |  | 740 |  |  | 436 |
Domestic Production Deduction |  | (948 | ) |  | (796 | ) |  | (744 | )
R&E Credit |  | (130 | ) |  | (252 | ) |  | (1,068 | )
Other, net |  | 107 |  |  | (93 | ) |  | 271 |
Provision for income taxes |  | $ | 14,543 |  |  | $ | 15,442 |  |  | $ | 7,915 |
Effective tax rate |  | 33 | % |  | 32 | % |  | 27 | %
Schedule of Deferred Tax Assets and Liabilities | The components of the Company’s deferred income tax assets and liabilities consist of the following:
|  | December 31,
(in thousands) |  | 2012 |  | 2011
Deferred income tax assets: |  |  |  |
Inventory basis difference |  | $ | 1,475 |  |  | $ | 1,464 |
Accounts receivable reserve |  | 299 |  |  | 320 |
Stock based compensation |  | 614 |  |  | 518 |
Pension liability |  | 3,595 |  |  | 3,839 |
Employee benefit accrual |  | 459 |  |  | 382 |
Environmental reserve |  | — |  |  | 450 |
Product liability and warranty reserves |  | 1,120 |  |  | 797 |
Expenses not deductible for tax purposes |  | 487 |  |  | — |
Foreign net operating loss |  | 1,608 |  |  | 374 |
State net operating loss |  | 82 |  |  | 279 |
Other |  | 3 |  |  | — |
Total deferred income tax assets |  | $ | 9,742 |  |  | $ | 8,423 |
Less: Valuation allowance |  | (825 | ) |  | — |
Net deferred income tax assets |  | $ | 8,917 |  |  | $ | 8,423 |
Deferred income tax liabilities: |  |  |  |  |  |
Inventory basis differences |  | $ | (253 | ) |  | $ | (246 | )
Depreciation |  | (2,867 | ) |  | (3,924 | )
Intangible assets |  | (1,011 | ) |  | (710 | )
Deferred revenue |  | (135 | ) |  | (218 | )
Expenses not deductible for tax purposes |  | (777 | ) |  | (397 | )
Total deferred income tax liabilities |  | $ | (5,043 | ) |  | $ | (5,495 | )
Net deferred income tax assets |  | $ | 3,874 |  |  | $ | 2,928 |
Schedule of Unrecognized Tax Benefits Roll Forward |
|  | December 31,
|  | 2012 |  | 2011
Balance as of beginning of year |  | $ | 235,000 |  |  | $ | 193,000 |
Additions for tax positions related to the current year |  | — |  |  | 42,000 |
Additions for tax positions related to prior years |  | 22,000 |  |  | — |
Balance as of end of year |  | $ | 257,000 |  |  | $ | 235,000 |

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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 + Details
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- Definition 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 + Details
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