INCOME TAXES

12 Months Ended

Dec. 31, 2012

INCOME TAXES [Abstract]

INCOME TAXES

15.  INCOME TAXES

The temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to the deferred income tax assets and liabilities are as follows:

	December 31,
	2012			2011
Current deferred tax assets (liabilites):
Accrued vacation	$	705		$	663
Inventories		1,888			1,803
Stock award		522			962
Obligation under operating leases		587			437
Foreign NOL Carryforwards		261			-
Other		137			220
Total current deferred tax assets		4,100			4,085
Less: valuation allowance		(261	)		-
Net deferred tax asset		3,839			4,085
Long-term deferred tax assets (liabilities):
Depreciation		(6,151	)		(5,755	)
Amortization of intangibles		(3,646	)		(4,180	)
Gain on sale of real estate		1,022			1,106
Long-term contract costs		(1,941	)		(886	)
Professional fees		1,946			86
Other		38			710
Total long-term deferred tax liabilities		(8,732	)		(8,919	)
Net deferred tax liabilities	$	(4,893	)	$	(4,834	)

The Company's income tax provision attributable to income before income taxes consisted of the following for the years ended December 31, 2012, 2011 and 2010:

	2012			2011		2010
Federal:
Current	$	7,926		$	5,658	$	5,306
Deferred		(109	)		1,149		(151	)
		7,817			6,807		5,155
State
Current		346			225		355
Deferred		(10	)		104		(14	)
		336			329		341
Provision for income taxes	$	8,153		$	7,136	$	5,496

The reconciliation of income tax computed at the U.S. federal statutory tax rates to income tax expense is as follows:

	2012			2011			2010
Federal taxes	$	8,627		$	8,235		$	6,449
State and local taxes, net of federal benefit		336			329			341
Production deduction		(530	)		(508	)		(399	)
Research and experimental and other tax credits		(300	)		(665	)		(470	)
Other		20			(255	)		(425	)
Provision for income taxes	$	8,153		$	7,136		$	5,496