INCOME TAXES	6 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE L – INCOME TAXES The Company’s effective tax rate was 33% and 40% for the three month periods ended June 30, 2014 and 2013, respectively and 33% and 36% for the six month periods ended June 30, 2014 and 2013, respectively. The effective tax rate for the three month period ended June 30, 2014 is lower than the U.S. federal statutory rate of 35% primarily due to increased earnings in jurisdictions with lower tax rates than the U.S. federal statutory rate where such earnings are permanently reinvested. The lower effective tax rate for the three month and six month periods ended June 30, 2014 compared with the same periods for 2013 was primarily related to the Company’s decision in 2013 not to recognize the tax benefit attributable to operating losses in certain foreign jurisdictions. The Company provides valuation allowances against deferred tax assets when it is more likely than not that some portion, or all of its deferred tax assets will not be realized. No significant changes to the valuation allowance were reflected for the period ended June 30, 2014. As of June 30, 2014, the Company had gross unrecognized tax benefits of approximately $.6 million with no significant changes during the period ended June 30, 2014. The Company does not anticipate any material changes to the amount of unrecognized tax benefits within the next twelve months.

INCOME TAXES

6 Months Ended

Jun. 30, 2014

NOTE L – INCOME TAXES

The Company’s effective tax rate was 33% and 40% for the three month periods ended June 30, 2014 and 2013, respectively and 33% and 36% for the six month periods ended June 30, 2014 and 2013, respectively. The effective tax rate for the three month period ended June 30, 2014 is lower than the U.S. federal statutory rate of 35% primarily due to increased earnings in jurisdictions with lower tax rates than the U.S. federal statutory rate where such earnings are permanently reinvested. The lower effective tax rate for the three month and six month periods ended June 30, 2014 compared with the same periods for 2013 was primarily related to the Company’s decision in 2013 not to recognize the tax benefit attributable to operating losses in certain foreign jurisdictions.

The Company provides valuation allowances against deferred tax assets when it is more likely than not that some portion, or all of its deferred tax assets will not be realized. No significant changes to the valuation allowance were reflected for the period ended June 30, 2014.

As of June 30, 2014, the Company had gross unrecognized tax benefits of approximately $.6 million with no significant changes during the period ended June 30, 2014. The Company does not anticipate any material changes to the amount of unrecognized tax benefits within the next twelve months.