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Income Taxes
 12 Months Ended
Dec. 31, 2011
Income Tax Disclosure [Abstract]  
Income Taxes
10. Income Taxes
 
The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2006.
 
The federal and state income tax provision consisted of the following:
 
Year ended December 31,
  
2011
    
2010
    
2009
  
   
Current
    
Deferred
    
Current
    
Deferred
    
Current
    
Deferred
  
Federal
 $ 11,371 $ 7,948 $ 11,675 $ 1,112 $ 13,572 $ 230
State
     3,926       256       2,814       293        3,005        50  
    $ 15,297     $ 8,204     $ 14,489     $ 1,405     $ 16,577     $ 280  
 
The effective income tax rate varied from the statutory federal income tax rate as follows:
 
Year ended December 31,
  
2011
    
2010
    
2009
  
Statutory federal income tax rate
 35.0 % 35.0 % 35.0 %
State income taxes, net of federal tax benefit
 4.3 4.6 4.5
Domestic production activities deduction
 (1.8 ) (2.7 ) (2.1 )
Other items
     (0.5 )      (0.9 )       0.6  
Effective income tax rate
        37.0 %     36.0 %     38.0 %
 
Significant components of the Company’s deferred tax assets and liabilities are as follows:
 
December 31,
  
2011
    
2010
  
Deferred tax assets:
Product liability
 $ 646 $ 368
Employee compensation and benefits
 3,374 3,222
Allowances for doubtful accounts and discounts
 1,625 859
Inventories
 533 603
Additional minimum pension liability
 16,176 12,043
Stock-based compensation
 1,089 1,840
Other
     259       244  
Total deferred tax assets
       23,702          19,179  
Deferred tax liabilities:
Pension plans
 9,217 8,134
Depreciation
 8,401 629
Other
     276       193  
Total deferred tax liabilities
       17,894            8,956  
Net deferred tax assets
   $ 5,808     $  10,223  
 
Changes in deferred tax assets relating to the additional minimum pension liability are not charged to expense and are therefore not included in the deferred tax provision; instead they are charged to other comprehensive income.
 
The Company made income tax payments of approximately $16.4 million, $14.6 million, and $18.9 million, during 2011, 2010, and 2009, respectively. The Company expects to realize its deferred tax assets through tax deductions against future taxable income or carry back against taxes previously paid. In 2009, the Company received a tax refund of $1.4 million related to the exercise of stock options in prior years.
 
The Company does not believe it has included any “uncertain tax positions” in its federal income tax return or any of the state income tax returns it is currently filing. The Company has made an evaluation of the potential impact of additional state taxes being assessed by jurisdictions in which the Company does not currently consider itself liable. The Company does not anticipate that such additional taxes, if any, would result in a material change to its financial position.