XML 89 R58.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Current:      
Federal $ 2,638,000us-gaap_CurrentFederalTaxExpenseBenefit $ 4,353,000us-gaap_CurrentFederalTaxExpenseBenefit $ 4,301,000us-gaap_CurrentFederalTaxExpenseBenefit
State 336,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit 824,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit 768,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit
Current income taxes 2,974,000us-gaap_CurrentIncomeTaxExpenseBenefit 5,177,000us-gaap_CurrentIncomeTaxExpenseBenefit 5,069,000us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred:      
Federal 1,262,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit 641,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit 699,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit
State (30,000)us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit 99,000us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit (89,000)us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit
Deferred income taxes 1,232,000us-gaap_DeferredIncomeTaxExpenseBenefit 740,000us-gaap_DeferredIncomeTaxExpenseBenefit 610,000us-gaap_DeferredIncomeTaxExpenseBenefit
Total income tax provision 4,206,000us-gaap_IncomeTaxExpenseBenefit 5,917,000us-gaap_IncomeTaxExpenseBenefit 5,679,000us-gaap_IncomeTaxExpenseBenefit
Operating Loss Carryforwards 710,000us-gaap_OperatingLossCarryforwards    
Future benefit of the federal net operating loss carryforwards, limit per year 300,000ufpt_OperatingLossCarryforwardsLimitationsOnUseAmount    
Current deferred tax assets:      
Reserves 428,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals 383,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals  
Inventory capitalization 264,000us-gaap_DeferredTaxAssetsInventory 244,000us-gaap_DeferredTaxAssetsInventory  
Compensation programs 139,000ufpt_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCurrent 204,000ufpt_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCurrent  
Retirement liability 35,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits 33,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits  
Equity-based compensation 276,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost 246,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost  
Total current deferred tax assets 1,142,000us-gaap_DeferredTaxAssetsNetCurrent 1,110,000us-gaap_DeferredTaxAssetsNetCurrent  
Long-term deferred tax assets / (liabilities):      
Excess of book over tax basis of fixed assets (3,471,000)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment (2,413,000)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment  
Goodwill (848,000)us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill (827,000)us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill  
Total long-term deferred tax liabilities (4,319,000)us-gaap_DeferredTaxLiabilitiesGrossNoncurrent (3,240,000)us-gaap_DeferredTaxLiabilitiesGrossNoncurrent  
Net operating loss carryforwards 242,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards 342,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards  
Deferred rent 36,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent 46,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent  
Intangible assets 188,000us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets 117,000us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets  
Compensation programs 265,000ufpt_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsNoncurrent 411,000ufpt_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsNoncurrent  
Total long-term deferred tax assets 731,000us-gaap_DeferredTaxAssetsNetNoncurrent 916,000us-gaap_DeferredTaxAssetsNetNoncurrent  
Net long-term deferred tax liabilities (3,588,000)ufpt_AggregateDeferredTaxLiabilitiesNoncurrent (2,324,000)ufpt_AggregateDeferredTaxLiabilitiesNoncurrent  
Deferred tax assets 1,800,000us-gaap_DeferredTaxAssetsNet    
Reconciliation of actual tax provision from expected tax provision      
Computed "expected" tax rate (as a percent) 34.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 34.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 34.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
Increase (decrease) in income taxes resulting from:      
State taxes, net of federal tax benefit (as a percent) 1.10%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes 3.60%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes 2.70%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
Meals and entertainment (as a percent) 0.30%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment 0.10%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment 0.10%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
R&D credits (as a percent) (0.70%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxCreditsResearch (1.00%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxCreditsResearch (0.10%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
Domestic production deduction (as a percent) (1.40%)us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities (2.40%)us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities (2.50%)us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
Non-deductible ISO stock option expense (as a percent) 0.40%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost 0.20%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost 0.10%us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
Unrecognized tax benefits (as a percent) 1.30%ufpt_EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefitsAdjustments (0.10%)ufpt_EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefitsAdjustments (0.20%)ufpt_EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefitsAdjustments
Other (as a percent) 0.80%us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments   0.20%us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments
Effective tax rate (as a percent) 35.80%us-gaap_EffectiveIncomeTaxRateContinuingOperations 34.40%us-gaap_EffectiveIncomeTaxRateContinuingOperations 34.30%us-gaap_EffectiveIncomeTaxRateContinuingOperations
Reconciliation of the beginning and ending amount of gross unrecognized tax benefits (UTB) resulting from uncertain tax positions      
Gross UTB balance at beginning of fiscal year 275,000us-gaap_UnrecognizedTaxBenefits 290,000us-gaap_UnrecognizedTaxBenefits  
Increases for tax positions of prior years 195,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions 10,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions  
Reductions for tax positions of prior years (45,000)us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions (25,000)us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions  
Gross UTB balance at the end of fiscal year 425,000us-gaap_UnrecognizedTaxBenefits 275,000us-gaap_UnrecognizedTaxBenefits 290,000us-gaap_UnrecognizedTaxBenefits
Total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate 425,000us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate 275,000us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate  
Accrued interest and penalties $ 195,000us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued $ 0us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued