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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2012
Income Tax Disclosure [Abstract] |
Income Tax Expense (Benefit) | The components of the income tax expense (benefit) are as follows:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 9,787,000 |  |  | $ | 2,347,000 |  |  | $ | 9,688,000 |
State |  |  | 132,000 |  |  |  | 777,000 |  |  |  | 2,463,000 |
Total Current |  |  | 9,919,000 |  |  |  | 3,124,000 |  |  |  | 12,151,000 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (1,210,000 | ) |  | $ | 5,446,000 |  |  | $ | (62,000 | )
State |  |  | (127,000 | ) |  |  | 569,000 |  |  |  | (8,000 | )
Total Deferred |  |  | (1,337,000 | ) |  |  | 6,015,000 |  |  |  | (70,000 | )
Total Income Tax Expense |  | $ | 8,582,000 |  |  | $ | 9,139,000 |  |  | $ | 12,081,000 |
Deferred Tax Assets (Liabilities) | Deferred tax assets (liabilities) consisted of the following at December 31,
|  | 2012 |  |  | 2011 |  |  | 2010 |
Deferred Compensation |  |  | - |  |  |  | 301,000 |  |  |  | 314,000 |
Reserves on inventory and sales |  |  | 336,000 |  |  |  | 242,000 |  |  |  | 140,000 |
Credit and loss carryforwards |  |  | 692,000 |  |  |  | 545,000 |  |  |  | 178,000 |
Stock compensation |  |  | - |  |  |  | - |  |  |  | 601,000 |
Other |  |  | 690,000 |  |  |  | 516,000 |  |  |  | 77,000 |
Inventory Capitalization |  |  | 526,000 |  |  |  | 555,000 |  |  |  | - |
Sales tax accrual |  |  | 1,228,000 |  |  |  | - |  |  |  | - |
Total deferred tax assets |  |  | 3,472,000 |  |  |  | 2,159,000 |  |  |  | 1,310,000 |
Unrealized gain/loss on investments |  |  | (333,000 | ) |  |  | (250,000 | ) |  |  | (145,000 | )
Prepaid expenses |  |  | (752,000 | ) |  |  | (426,000 | ) |  |  | (429,000 | )
Depreciation |  |  | (7,729,000 | ) |  |  | (8,075,000 | ) |  |  | (1,317,000 | )
Stock compensation |  |  | (105,000 | ) |  |  | (109,000 | ) |  |  | - |
Total deferred tax liabilities |  |  | (8,919,000 | ) |  |  | (8,860,000 | ) |  |  | (1,891,000 | )
Net deferred tax liabilities |  | $ | (5,447,000 | ) |  | $ | (6,701,000 | ) |  | $ | (581,000 | )
Statutory Tax Rate and Effective Tax Rate | The differences between the United States federal statutory tax rate and the Company's effective tax rate are as follows:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Statutory federal tax |  | $ | 8,559,000 |  |  |  | 35.0 | % |  | $ | 9,688,000 |  |  |  | 35.0 | % |  | $ | 11,093,000 |  |  |  | 35.0 | %
State income taxes, net of federal benefit |  |  | 679,000 |  |  |  | 2.8 | % |  |  | 1,015,000 |  |  |  | 3.7 | % |  |  | 1,699,000 |  |  |  | 5.4 | %
Domestic manufacturer deduction |  |  | (902,000 | ) |  |  | -3.7 | % |  |  | (248,000 | ) |  |  | -0.9 | % |  |  | (861,000 | ) |  |  | -2.7 | %
FTC settlement |  |  | 1,389,000 |  |  |  | 5.7 | % |  |  | - |  |  |  |  |  |  |  | - |  |  |  |  |
Other permanent differences |  |  | (190,000 | ) |  |  | -0.8 | % |  |  | 71,000 |  |  |  | 0.3 | % |  |  | 75,000 |  |  |  | 0.2 | %
Research and development and jobs credits |  |  | (267,000 | ) |  |  | -1.1 | % |  |  | (336,000 | ) |  |  | -1.2 | % |  |  | - |  |  |  |  |
Other state income tax benefits |  |  | (686,000 | ) |  |  | -2.8 | % |  |  | (1,051,000 | ) |  |  | -3.9 | % |  |  | - |  |  |  |  |
Other |  |  | - |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 75,000 |  |  |  | 0.2 | %
|  | $ | 8,582,000 |  |  |  | 35.1 | % |  | $ | 9,139,000 |  |  |  | 33.0 | % |  | $ | 12,081,000 |  |  |  | 38.1 | %

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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 + Details
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- Definition 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 + Details
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