Provision For Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income before income taxes is as follows:



	Year Ended December 31,
(In thousands)	2012		2011		2010
Income before income taxes:
United States	$	155,514	$	122,774	$	96,179
Foreign	47,925		34,088		12,740
Total	$	203,439	$	156,862	$	108,919

Components Of The Provision For Income Taxes

The components of the provision for income taxes consisted of the following:



	Year Ended December 31,
(In thousands)	2012			2011			2010
Current
Federal	$	66,533		$	38,209		$	39,139
State	12,962			10,823			8,020
Other foreign countries	8,139			7,291			3,620
	87,634			56,323			50,779
Deferred
Federal	(9,606		)	5,604			(6,617		)
State	(3,563		)	548			(3,487		)
Other foreign countries	196			(2,532		)	(233		)
	(12,973		)	3,620			(10,337		)
Provision for income taxes	$	74,661		$	59,943		$	40,442

Reconciliation From The U.S. Statutory Federal Income Tax Rate To Effective Income Tax Rate

A reconciliation from the U.S. statutory federal income tax rate to the effective income tax rate is as follows:



	Year Ended December 31,
	2012		2011		2010
U.S. federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal tax impact	2.1		4.1		1.2
Unrecognized tax benefits	2.7		3.1		2.3
Nondeductible expenses	0.6		0.8		1.4
Foreign rate differential	(4.1	)	(4.8	)	(1.6	)
Other	0.4		—		(1.2	)
Effective income tax rate	36.7	%	38.2	%	37.1	%

Deferred Tax Assets And Liabilities

Deferred tax assets and liabilities consisted of the following:



	December 31,
(In thousands)	2012			2011
Deferred tax asset
Allowance for doubtful accounts and other reserves	$	14,000		$	9,576
Stock-based compensation	13,157			11,238
Foreign net operating loss carryforward	12,416			11,078
Deferred rent	6,007			4,611
Inventory obsolescence reserves	4,138			3,789
Tax basis inventory adjustment	3,581			4,317
State tax credits, net of federal tax impact	2,856			—
Foreign tax credits	2,210			1,784
Deferred compensation	1,170			1,448
Other	4,918			3,427
Total deferred tax assets	64,453			51,268
Less: valuation allowance	(3,966		)	(1,784		)
Total net deferred tax assets	60,487			49,484
Deferred tax liability
Intangible asset	(610		)	(341		)
Prepaid expenses	(4,153		)	(2,968		)
Property, plant and equipment	(10,116		)	(13,748		)
Total deferred tax liabilities	(14,879		)	(17,057		)
Total deferred tax assets, net	$	45,608		$	32,427

Unrecognized Tax Benefits Balances

ents a reconciliation of the Company's total unrecognized tax benefits balances, excluding interest and penalties, for the years ended December 31, 2012, 2011 and 2010:



	Year Ended December 31,
(In thousands)	2012			2011			2010
Beginning of year	$	9,783		$	5,165		$	2,598
Increases as a result of tax positions taken in a prior period	—			—			—
Decreases as a result of tax positions taken in a prior period	—			—			—
Increases as a result of tax positions taken during the current period	5,702			4,959			2,632
Decreases as a result of tax positions taken during the current period	—			—			—
Decreases as a result of settlements during the current period	—			—			—
Reductions as a result of a lapse of statute of limitations during the current period	(188		)	(341		)	(65		)
End of year	$	15,297		$	9,783		$	5,165

As of December 31, 2012,

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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