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INCOME TAXES | 12 Months Ended
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Dec. 31, 2014
INCOME TAXES [Abstract] |
INCOME TAXES | NOTE 10 - INCOME TAXES The components of income before income taxes are as follows (in thousands):
| Years Ended December 31,
| 2014 |  | 2013 |  | 2012
Domestic | $ (21,349) |  | $ 86,567 |  | $ 84,349
Foreign | (4,207) |  | 8,150 |  | 660
Total income before taxes | $ (25,556) |  | $ 94,717 |  | $ 85,009
The provision for income taxes consists of the following (in thousands):
| Years Ended December 31,
| 2014 |  | 2013 |  | 2012
Current - |  |  |  |  |
Federal | $ 24,050 |  | $ 21,481 |  | $ 27,393
State | 5,604 |  | 2,681 |  | 4,438
Foreign | 2,150 |  | 7,484 |  | 963
| 31,804 |  | 31,646 |  | 32,794
Deferred - |  |  |  |  |
Federal | (10,544) |  | 8,631 |  | 1,835
State | (1,769) |  | 167 |  | 146
Foreign | 191 |  | (5,964) |  | (751)
| (12,122) |  | 2,834 |  | 1,230
| $ 19,682 |  | $ 34,480 |  | $ 34,024
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,
| 2014 |  | 2013 |  | 2012
Income taxes computed at federal statutory rate | $ (8,945) |  | $ 33,150 |  | $ 29,753
State income taxes, net of federal benefit | 2,492 |  | 1,852 |  | 2,917
Non-tax deductible impairment expense computed at federal statutory rate | 24,444 |  | - |  | -
Foreign adjustment | 1,353 |  | - |  | -
Meals and entertainment | 801 |  | 561 |  | 448
Domestic Production Activity Deduction | (1,040) |  | (566) |  | -
Other, primarily non-tax deductible, or non-taxable items | 577 |  | (517) |  | 906
| $ 19,682 |  | $ 34,480 |  | $ 34,024
The net current and noncurrent components of deferred income tax balances are as follows (in thousands):
| December 31,
| 2014 |  | 2013
Net current assets | $ 8,250 |  | $ 7,713
Net non-current liabilities | (21,284) |  | (21,938)
Net assets (liabilities) | $ (13,034) |  | $ (14,225)
Deferred tax liabilities and assets were comprised of the following (in thousands):
| December 31,
| 2014 |  | 2013
Deferred tax assets: |  |  |
Goodwill | $ 17,906 |  | $ 1,159
Allowance for doubtful accounts | 2,979 |  | 2,849
Inventories | 2,691 |  | 2,514
Accruals | 2,125 |  | 945
Other | 990 |  | 1,401
Total deferred tax assets | 26,691 |  | 8,868
Deferred tax liabilities |  |  |
Intangibles | (33,874) |  | (10,707)
Property and equipment | (10,343) |  | (11,697)
Unremitted foreign earnings | (52) |  | (818)
Cumulative translation adjustment | 4,014 |  | 1,275
Other | 530 |  | (1,146)
Net deferred tax asset (liability) | $ (13,034) |  | $ (14,225)

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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 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 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=26873400&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 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 Reference 6: 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
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