Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Components of Income Before Income Tax Expense and Reconciliation of Statutory Federal Income Tax Rate to Tax Rate

The components of income before income tax expense and a reconciliation of the statutory federal income tax rate to the income tax rate on income before income tax expense for the years ended December 31, 2012, 2011, and 2010 are as follows (dollars in thousands):

	2012			2011			2010
Income (loss) before income tax expense:
U.S.	$	99,652		$	89,188		$	70,657
International		(4,705	)		(841	)		1,115
Total	$	94,947		$	88,347		$	71,772
Income tax expense (benefit):
Current:
U.S.	$	35,768		$	32,871		$	18,706
State, local and foreign		5,039			3,892			2,441
Total		40,807			36,763			21,147
Deferred:
U.S.		(3,925	)		(3,783	)		3,700
State, local and foreign		1,134			2,076			2,447
Total		(2,791	)		(1,707	)		6,147
	$	38,016		$	35,056		$	27,294
U.S. statutory rate		35.0	%		35.0	%		35.0	%
Income tax expense at U.S. statutory rate	$	33,231		$	30,921		$	25,120
State income taxes, net of federal benefit		4,101			3,452			2,834
Meals and entertainment		234			198			187
Change in valuation allowance for foreign tax credit and capital loss		(340	)		1,099			(169	)
Nondeductible capitalized acquisition costs		1,491			—			—
Domestic production activities deduction		(568	)		(525	)		(508	)
Other		(133	)		(89	)		(170	)
Income tax expense	$	38,016		$	35,056		$	27,294
Effective tax rate		40.0	%		39.7	%		38.0	%

Schedule of Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits as of December 31, 2012, and 2011 (in thousands):

	2012			2011
Balance at January 1	$	1,300		$	1,896
Increases related to current year tax positions		64			107
Increases (decreases) related to prior years’ tax positions		373			(537	)
Decreases related to settlements with taxing authorities		(135	)		—
Expiration of the statute of limitations for the assessment of taxes		(264	)		(166	)
Balance at December 31	$	1,338		$	1,300

Schedule of Temporary Differences and Resulting Deferred Income Tax Assets

Temporary differences and the resulting net deferred income tax assets as of December 31, 2012, and 2011, were as follows (in thousands):

	2012			2011
Deferred tax assets
Current deferred tax assets
Accruals	$	5,513		$	5,084
Net operating loss carryforwards		—			1,314
		5,513			6,398
Noncurrent deferred tax assets
Benefit plans	$	10,862		$	11,237
Accruals		3,258			2,372
Net operating loss carryforwards		760			760
Share-based compensation		8,814			7,573
Partnership interest		1,785			1,851
Investment impairment		1,361			1,355
Other		1,590			1,316
		28,430			26,464
Less valuation allowance		(922	)		(1,262	)
Total deferred tax assets		33,021			31,600
Deferred tax liabilities
Noncurrent deferred tax liabilities
Basis differences in intangible assets and property and equipment	$	(21,435	)	$	(22,860	)
Benefit plans		(1,467	)		(2,476	)
Other		(2,222	)		(1,168	)
Total deferred tax liabilities		(25,124	)		(26,504	)
Net deferred tax assets	$	7,897		$	5,096