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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2012
INCOME TAXES [Abstract] |
Income before 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
Provision for income taxes | 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 and the provision for income taxes | 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 | 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

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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 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 + 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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