INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES

Schedule of income tax provision

	December 31,
(in thousands)	2012			2011		2010
Current:
Federal	$	54,815		$	48,505	$	40,250
State		8,717			7,723		8,494
Foreign		3,648			3,373		2,724
Deferred:
Federal		(2,326	)		191		2,355
State		484			528		625
Foreign		(28	)		65		(905	)
Total income tax provision	$	65,310		$	60,385	$	53,543

Schedule of primary factors causing income tax expense to be different than the federal statutory rate

	December 31,
(in thousands)	2012			2011			2010
Income tax at statutory rate	$	61,825		$	56,384		$	50,241
State income tax expense (net of federal benefit)		5,835			5,477			4,688
Foreign tax benefit		(2,560	)		(2,109	)		(1,804	)
Other		210			633			418
Total income tax provision	$	65,310		$	60,385		$	53,543

Schedule of significant components of the deferred tax assets and liabilities

	December 31,
(in thousands)	2012			2011
Deferred tax assets:
Termite Accrual	$	2,288		$	3,068
Insurance and Contingencies		25,841			23,752
Unearned Revenues		14,413			13,988
Compensation and Benefits		11,984			11,484
Net Pension Liability		16,703			12,333
State and Foreign Operating Loss Carryforwards		9,838			8,981
Bad Debt Reserve		3,703			3,135
Other		1,384			1,605
Valuation allowance		(2,096	)		(1,646	)
Total Deferred Tax Assets		84,058			76,700
Deferred tax liabilities:
Depreciation and Amortization		(6,554	)		(7,097	)
Foreign Currency Translation		(3,606	)		(3,200	)
Intangibles and Other		(13,719	)		(12,527	)
Total Deferred tax Liabilities		(23,879	)		(22,824	)
Net Deferred Tax Assets	$	60,179		$	53,876

Schedule of valuation allowance

	December 31,
(in thousands)	2012		2011
Valuation allowance at beginning of year	$	1,646	$	810
Increase/(decrease) in valuation allowance		450		836
Valuation allowance at end of year	$	2,096	$	1,646

Reconciliation of the beginning and ending amount of unrecognized tax benefits

	December 31,
(in thousands)	2012			2011
Balance at Beginning of Year	$	2,009		$	2,566
Additions based on tax positions related to current year		45			43
Additions for tax positions of prior years		332			511
Reductions for tax positions of prior years		(344	)		(988	)
Settlements		(322	)		(123	)
Expiration of statute of limitation		(139	)		—
Balance at End of Year	$	1,581		$	2,009