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Provision For Income Taxes (Tables)

6 Months Ended

Jun. 30, 2012

Provision For Income Taxes [Abstract]

Summary Of The Provision For Income Taxes

		For the Six Months Ended
		June 30,
		2012				2011
Current:
Federal		$	1,680,072			$	1,173,349
State and local			625,759				656,067
Total current			2,305,831				1,829,416
Deferred			(480,311)				(156,040)
Provision for income taxes		$	1,825,520			$	1,673,376

Reconciliation Of The Provision For Income Taxes At Statutory Rate

		For the Six Months Ended June 30,
		2012								2011
		Amount				Percentage				Amount				Percentage
Federal income tax expense computed at the statutory rate		$	1,689,676				34.0%			$	1,313,994				34.0%
State and local tax expense, net			413,001				8.3%				367,146				9.5%
Permanent differences			(277,157)				(5.6)%				(73,711	)			(1.9)%
Change in tax estimate			0				0.0%				65,947				1.7%
Provision for income taxes		$	1,825,520				36.7%			$	1,673,376				43.3%

Schedule Of Deferred Tax Assets And Liabilities

		June 30,								December 31,
		2012				2011				2011
Non-current deferred tax assets (liabilities) arising from:
Temporary differences -
Accumulated depreciation and amortization from purchase accounting adjustments		$	(3,408,516	)		$	(3,601,105	)		$	(3,671,285	)
Capital loss carry-forwards			167,690				271,568				167,690
Total non-current net deferred tax liabilities			(3,240,826	)			(3,329,537)				(3,503,595	)
Current deferred tax assets arising from:
Unrealized losses (gain) on investments			(21,407)				12,377				6,890
Impairment of investments			0				0				15,673
Inventory			242,200				250,297				220,408
Allowance for doubtful accounts and discounts			200,098				131,702				4,350
Allowance for promotions			0				0
Capital loss carry-back			91,369				0				91,369
Total current deferred tax assets			512,260				394,376				338,690
Net deferred tax liability		$	(2,728,566	)		$	(2,935,161	)		$	(3,164,905	)

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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

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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

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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

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