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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Taxes [Abstract]  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

 

In thousands

Deferred tax liabilities:

 

 

 

 

Goodwill and other intangibles

$

(12,057)

$

(12,884)

Depreciation

 

(2,745)

 

(3,499)

Inventories

 

(3,433)

 

(4,333)

Unrepatriated earnings of foreign subsidiary

 

 -

 

(428)

Other-net

 

(223)

 

(174)

Total deferred tax liabilities

 

(18,458)

 

(21,318)

Deferred tax assets:

 

 

 

 

Pension liability

 

2,787 

 

3,210 

Warranty reserve

 

5,752 

 

2,058 

Deferred compensation

 

1,161 

 

1,601 

Accounts receivable

 

358 

 

924 

Contingent liabilities

 

657 

 

675 

Deferred gain on sale / leaseback

 

 -

 

178 

State tax incentives

 

17 

 

Net operating loss carryforwards

 

59 

 

88 

Foreign tax credit carryforwards

 

112 

 

112 

Total deferred tax assets

 

10,903 

 

8,851 

Net deferred tax liability

$

(7,555)

$

(12,467)

 

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

In thousands

Current:

 

 

 

 

 

 

Federal

$

9,742 

$

4,123 

$

10,023 

State

 

1,977 

 

485 

 

775 

Foreign

 

1,910 

 

2,493 

 

30 

Total current

 

13,629 

 

7,101 

 

10,828 

Deferred:

 

 

 

 

 

 

Federal

 

(3,966)

 

3,446 

 

1,204 

State

 

(155)

 

553 

 

111 

Foreign

 

(442)

 

(515)

 

(185)

Total deferred

 

(4,563)

 

3,484 

 

1,130 

Total income tax expense from continuing operating activities

$

9,066 

$

10,585 

$

11,958 

 

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

In thousands

 

 

 

 

 

 

 

Domestic

$

16,600 

$

23,433 

$

32,067 

Foreign

 

7,230 

 

9,219 

 

(103)

Income from continuing operations, before income taxes

$

23,830 

$

32,652 

$

31,964 

 

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

Statutory rate

35.0 

%

35.0 

%

35.0 

%

Effect of foreign tax

(3.0)

 

(2.3)

 

 -

 

State income tax

4.5 

 

2.2 

 

2.2 

 

Nondeductible expenses

1.4 

 

0.7 

 

0.2 

 

Tax credits

(2.2)

 

(2.0)

 

 -

 

Other

2.3 

 

(1.1)

 

 -

 

 

38.0 

%

32.5 

%

37.4 

%

 

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

 

In thousands

 

 

 

 

 

Unrecognized tax benefits at beginning of period:

$

1,849 

$

645 

Increases based on tax positions for prior periods

 

220 

 

1,401 

Increases based on tax positions related to current period

 

 -

 

34 

Decreases related to settlements with taxing authorities

 

 -

 

(139)

Decreases as a result of a lapse of the applicable statute of limitations

 

(24)

 

(92)

Balance at end of period

$

2,045 

$

1,849