XML 55 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.6

INCOME TAXES | 12 Months Ended
--- | ---
Dec. 31, 2012
INCOME TAXES [Abstract] |
INCOME TAXES | NOTE 9 - INCOME TAXES The components of income before income taxes are as follows (in thousands):
| Years Ended December 31,
| 2012 |  | 2011 |  | 2010
Domestic | $ 84,349 |  | $ 51,995 |  | $ 32,132
Foreign | 660 |  | - |  | -
Total income before taxes | $ 85,009 |  | $ 51,995 |  | $ 32,132
The provision for income taxes consists of the following (in thousands):
| Years Ended December 31,
| 2012 |  | 2011 |  | 2010
Current - |  |  |  |  |
Federal | $ 27,393 |  | $ 15,401 |  | $ 7,952
State | 4,438 |  | 2,731 |  | 1,446
Foreign | 963 |  | - |  | -
| 32,794 |  | 18,132 |  | 9,398
Deferred - |  |  |  |  |
Federal | 1,835 |  | 2,081 |  | 2,914
State | 146 |  | 345 |  | 439
Foreign | (751) |  | - |  | -
| 1,230 |  | 2,426 |  | 3,353
| $ 34,024 |  | $ 20,558 |  | $12,751
The difference between income taxes computed at the federal statutory income tax rate (35%) and the provision for income taxes is as follows (in thousands):
| Years Ended December 31,
| 2012 |  | 2011 |  | 2010
Income taxes computed at federal statutory rate | $ 29,753 |  | $18,198 |  | $ 11,246
State income taxes, net of federal benefit | 2,917 |  | 1,999 |  | 1,225
Other, primarily non-tax deductible items | 1,354 |  | 361 |  | 280
| $ 34,024 |  | $20,558 |  | $ 12,751
The net current and noncurrent components of deferred income tax balances are as follows (in thousands):
| December 31,
| 2012 |  | 2011
Net current assets | $ 5,182 |  | $ 4,539
Net non-current assets | - |  | 1,588
Net non-current liabilities | (16,448) |  | -
Net assets (liabilities) | $ (11,266) |  | $ 6,127
Deferred tax liabilities and assets were comprised of the following (in thousands):
| December 31,
| 2012 |  | 2011
Deferred tax assets: |  |  |
Goodwill | $ 2,270 |  | $ 3,575
Allowance for doubtful accounts | 2,408 |  | 2,077
Inventories | 1,803 |  | 1,707
Accruals | 842 |  | 889
Other | 342 |  | 229
Total deferred tax assets | 7,665 |  | 8,477
Less valuation allowance | - |  | -
Total deferred tax assets, net of valuation allowance | 7,665 |  | 8,477
Deferred tax liabilities |  |  |
Intangibles | (9,232) |  | (786)
Property and equipment | (8,430) |  | (1,421)
Unremitted foreign earnings | (577) |  | -
Cumulative translation adjustment | (298) |  | -
Other | (394) |  | (143)
Net deferred tax asset (liability) | $ (11,266) |  | $ 6,127

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 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 2: 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 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: 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 5: 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 6: 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 7: 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 8: 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 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration