INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2011

INCOME TAXES

Schedule of income before income tax expense

	2011		2010		2009
	(in thousands)
U.S. operations	$	67,379	$	32,123	$	44,199
Foreign operations		21,447		8,724		(404	)
	$	88,826	$	40,847	$	43,795

Schedule of income tax expense

	2011			2010			2009
	(in thousands)
Current:
Federal	$	16,794		$	1,488		$	9,151
State		3,561			1,426			1,822
Foreign		7,900			2,834			244
Total current		28,255			5,748			11,217
Deferred:
Federal	$	4,087		$	7,044		$	5,593
State		695			420			775
Foreign		(2,222	)		(389	)		(1,143	)
Total deferred		2,560			7,075			5,225
Income tax expense	$	30,815		$	12,823		$	16,442

Schedule of tax effects of temporary differences that give rise to the deferred tax assets and liabilities

	December 31, 2011			December 31, 2010
	(in thousands)
Deferred tax assets:
Accounts receivable, principally due to allowance for doubtful accounts	$	1,514		$	1,365
Inventories		2,762			3,344
Net operating loss carryforwards		10,957			10,784
Accrued pension		26,924			17,242
Stock-based compensation		7,343			4,883
Compensation-related accruals		3,103			3,429
Warranty		3,459			2,884
Obligation for postretirement benefits other than pension		4,467			10,270
Interest Rate Swap Agreements		—			1,928
Accrued liabilities and other items		4,037			4,218
Gross deferred tax assets		64,566			60,347
Valuation allowance		(9,454	)		(9,378	)
Net deferred tax assets		55,112			50,969
Deferred tax liabilities:
Intangibles		82,841			80,439
Plant and equipment		11,361			13,443
Gross deferred tax liabilities		94,202			93,882
Net deferred tax liabilities	$	(39,090	)	$	(42,913	)

Schedule of reconciliation of statutory federal income tax rate to the effective income tax rate

	2011			2010			2009
Federal statutory tax rate		35.0	%		35.0	%		35.0	%
Increase (decrease) in the tax rate resulting from:
State taxes, net of federal effect		3.0			2.1			3.8
Effect of tax rates of other countries		(2.2	)		(.7	)		(1.6	)
Foreign Tax Credit-Amended Returns		—			(6.9	)		—
Section 199 deduction		(1.7	)		(.4	)		(0.7	)
Other		0.6			2.3			1.2
Effective tax rate		34.7	%		31.4	%		37.7	%

Summarizes the activity related to the entity's unrecognized tax benefits

	2011			2010			2009
	(in thousands)			(in thousands)			(in thousands)
Balance, beginning of the year	$	1,953		$	1,821		$	1,673
Additions for tax positions related to the current year		189			112			106
Additions for tax positions related to the prior year		—			69			79
Decreases for tax positions related to the prior year		—			(46	)		—
Prior year reductions
Settlements with taxing authorities		—			(47	)		(17	)
Lapse of statute of limitations		(137	)		(119	)		(120	)
Change in exchange rate		39			163			100
Balance, end of the year	$	2,044		$	1,953		$	1,821