INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES

Schedule of components of income tax expense

	Year Ended December 31,
				(As Restated)
(In thousands)	2014			2013			2012
Current:
Federal	$	36,147		$	38,431		$	32,181
State	5,479			6,107			6,271
Total current	41,626			44,538			38,452
Deferred:
Federal	(39,712		)	(12,596		)	(10,362		)
State	109			(1,487		)	(1,884		)
Total deferred	(39,603		)	(14,083		)	(12,246		)
Provision for income taxes from continuing operations	$	2,023		$	30,455		$	26,206
Income tax benefit attributable to discontinued operations	$	(8,914	)	$	(3,357	)	$	(80	)

Schedule of reconciliation of the federal statutory tax rate to the Company's effective tax rate

	Year Ended December 31,
			(As Restated)
	2014		2013		2012
Federal statutory tax rate - (benefit) / provision	(35	.0)%	35	.0%	35	.0%
State and local income taxes	(53	.2)%	4	.0%	3	.4%
Change in valuation allowance	455	.6%	(0	.2)%	(0	.5)%
Domestic manufacturing deduction	(206	.9)%	(2	.8)%	(3	.2)%
Research and development credit	(14	.3)%	(0	.2)%	(0	.7)%
Change in uncertain tax positions	54	.6%	3	.6%	0	.8%
Other	2	.1%	0	.4%	0	.4%
Tax provision	202	.9%	39	.8%	35	.2%

Schedule of components of net deferred income tax asset and liability

The significant components of the net deferred income tax asset and liability are as follows:

	As of December 31,
(In thousands)	2014			(As Restated) 2013
Deferred tax liabilities:
Goodwill amortization	$	71,911		$	69,014
Acquired intangibles	15,147			16,494
Software development costs	—			3,257
Prepaid expenses	1,887			1,674
Sec. 481(a) adjustments	786			—
Other	117			6
	89,848			90,445
Deferred tax assets:
Property, plant and equipment	2,304			133
Net operating loss carryforwards	5,108			6,039
Accrued expenses	41,431			25,883
Deferred benefit plan compensation	9,119			8,351
Provision for doubtful accounts	40,403			25,507
Inventory	36,347			28,039
Restricted stock	3,672			3,608
Capital leases	641			318
Deferred rent	2,060			1,660
Refund liabilities	1,143			935
Interest on Seller Notes	906			578
Other	1,734			940
	144,868			101,991
Valuation allowance	(5,692		)	(1,259		)
	139,176			100,732
Net deferred tax asset	$	49,328		$	10,287

The significant components of the net deferred income tax asset/(liability) are classified as follows on the accompanying consolidated balance sheet:

	As of December 31,
(In thousands)	2014			(As Restated) 2013
Current:
Deferred tax assets	$	114,560		$	76,242
Deferred tax liabilities	(926		)	(6		)
Valuation allowance	(4,382		)	(620		)
Net current deferred income tax asset	109,252			75,616
Non-current:
Deferred tax assets	30,308			25,749
Deferred tax liabilities	(88,922		)	(90,439		)
Valuation allowance	(1,310		)	(639		)
Net non-current deferred income tax liability	(59,924		)	(65,329		)
Net deferred income tax asset	$	49,328		$	10,287

Schedule of activity in the valuation allowance

	Balance at								Balance at
(In thousands)	Beginning								End
Year	of Year		Acquisitions		Generated		Released		of Year
2014	$	1,259	$	—	$	5,365	$	932	$	5,692
2013 (As Restated)	$	1,000	$	—	$	665	$	406	$	1,259
2012 (As Restated)	$	1,374	$	—	$	26	$	400	$	1,000

Summary of reconciliation of the beginning and ending balances of unrecognized tax benefits

	Year Ended December 31,
				(As Restated)
(in thousands)	2014			2013			2012
Unrecognized tax benefits, at beginning of the year	$	7,475		$	4,434		$	2,105
Additions for tax positions related to the current year	623			3,701			3,001
Additions for tax positions of prior years	—			207			79
Decrease related to prior year positions	(476		)	(753		)	(679		)
Decrease for lapse of applicable statute of limitations	(17		)	(114		)	(72		)
Unrecognized tax benefits, at end of the year	$	7,605		$	7,475		$	4,434