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Income taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of the Company's income before income taxes for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands):

	2013				2012				2011
U.S.	$	108,680			$	140,179			$	88,968
Non-U.S.	77,402				82,616				51,735
Income before income taxes	$	186,082			$	222,795			$	140,703

Schedule of Components of Income Tax Expense (Benefit)

The Company’s provision (benefit) for income taxes from continuing operations for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands):

	2013				2012				2011
Current
U.S. Federal and state	$	20,589			$	55,591			$	34,351
Non-U.S.	20,748				22,023				14,241
Total current	41,337				77,614				48,592
Deferred
U.S. Federal and state	16,317				(4,788		)		386
Non-U.S.	(1,176		)		(1,561		)		(1,868		)
Total deferred	15,141				(6,349		)		(1,482		)
Provision for income tax expense	$	56,478			$	71,265			$	47,110

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the actual provision for income taxes from continuing operations and that computed by applying the U.S. statutory rate to income before income taxes and noncontrolling interests are outlined below (in thousands):

	2013							2012							2011
Income tax expense at the statutory rate	$	65,129			35.0	%		$	77,978			35.0	%		$	49,246			35.0	%
State taxes, net of federal tax benefit	3,428				1.9	%		3,847				1.7	%		3,193				2.3	%
Non-U.S. operations	(6,908		)		(3.7	)%		(7,363		)		(3.3	)%		(4,495		)		(3.2	)%
Domestic incentives	(2,544		)		(1.4	)%		(2,202		)		(1.0	)%		(1,179		)		(0.8	)%
Prior year federal, non-U.S. and state tax	(4,059		)		(2.2	)%		(1,736		)		(0.8	)%		(169		)		(0.1	)%
Nondeductible expenses	1,341				0.7	%		666				0.3	%		758				0.5	%
Other	91				0.1	%		75				0.1	%		(244		)		(0.2	)%
Provision for income tax expense	$	56,478			30.4	%		$	71,265			32.0	%		$	47,110			33.5	%

Schedule of Deferred Tax Assets and Liabilities

The primary components of deferred taxes include (in thousands):

	2013				2012
Deferred tax assets
Reserves and accruals	$	7,149			$	12,701
Inventory	12,538				13,940
Stock awards	6,284				4,609
Other	146				255
Net operating loss and other tax credit carryforwards	1,858				1,213
Total deferred tax assets	27,975				32,718
Deferred tax liabilities
Property and equipment	(16,387		)		(12,226		)
Goodwill and intangible assets	(71,406		)		(45,998		)
Investment in unconsolidated subsidiary	(10,993		)		—
Unremitted non-U.S. earnings	(740		)		(740		)
Prepaid expenses and other	(1,377		)		(868		)
Total deferred tax liabilities	(100,903		)		(59,832		)
Net deferred tax liabilities	$	(72,928	)		$	(27,114	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of uncertain tax positions is as follows (in thousands):

Balance at January 1, 2013		$	3,701
Additional based on tax positions related to prior years		3,740
Reduction based on tax positions related to prior years		(1,937		)
Lapse of statute of limitations		(897		)
Balance at December 31, 2013		4,607
Deferred tax benefits on uncertain tax position related to U.S. and non-U.S. income tax		—
Net balance at December 31, 2013		$	4,607

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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