INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES

Schedule of income before income taxes

Years Ended December 31,	2012		2011		2010
United States	$	58,250	$	54,161	$	43,485
International		183,123		220,781		210,900
Total	$	241,373	$	274,942	$	254,385

Components of provision for income taxes

Years Ended December 31,	2012			2011			2010
Current:
U.S. Federal	$	17,027		$	21,974		$	24,371
State/Local		491			1,008			(501	)
International		70,450			66,326			56,423
	$	87,968		$	89,308		$	80,293
Deferred:
U.S. Federal/State	$	8,757		$	2,976		$	(3,055	)
International		(17,772	)		(972	)		3,558
	$	(9,015	)	$	2,004		$	503
Total	$	78,953		$	91,312		$	80,796

Schedule of reconciliation of actual income tax provision and the tax provision computed by applying statutory federal income tax rate

Years Ended December 31,	2012			2011			2010
Income tax at statutory rate	$	84,481		$	96,230		$	89,035
State income taxes, net of federal benefit		717			1,074			(469	)
Provision for distribution of current foreign earnings		9,552			10,325			9,037
Rate differential on earnings of foreign operations		(14,865	)		(14,497	)		(14,440	)
Other items, net		(932	)		(1,820	)		(2,367	)
Actual income tax provision	$	78,953		$	91,312		$	80,796
Effective income tax rate		32.7	%		33.2	%		31.8	%

Components of significant deferred tax assets and liabilities

	2012			2011
Deferred Tax Assets:
Pension liabilities	$	36,376		$	23,005
Stock options		15,700			6,704
Net operating loss carryforwards		7,084			6,631
Vacation		5,325			4,449
Inventory		4,567			3,718
Workers compensation		4,511			3,405
U.S. state tax credits		3,441			2,697
Accruals		2,502			3,104
Other		8,213			5,495
Total gross deferred tax assets		87,719			59,208
Less valuation allowance		(7,033	)		(6,326	)
Net deferred tax assets		80,686			52,882
Deferred Tax Liabilities:
Depreciation and amortization		50,683			40,063
Acquisition related intangibles		19,346			2,288
Leases		7,904			7,559
Total gross deferred tax liabilities		77,933			49,910
Net deferred tax assets	$	2,753		$	2,972

Schedule of reconciliation of the beginning and ending amount of income tax uncertainties

	2012			2011			2010
Balance at January 1	$	9,071		$	10,893		$	10,806
Increases based on tax positions for the current year		245			150			643
Increases based on tax positions of prior years		107			128			2,309
Decreases based on tax positions of prior years		(257	)		(1,090	)		(1,362	)
Settlements		(21	)		(457	)		(381	)
Lapse of statute of limitations		(681	)		(553	)		(1,122	)
Balance at December 31	$	8,464		$	9,071		$	10,893

Summary of major tax jurisdictions the Company files in, with the years still subject to income tax examinations

Major Tax Jurisdiction	Tax Years Subject to Examination
United States — Federal	2009 – 2012
United States — State	2004 – 2012
France	2009 – 2012
Germany	2011 – 2012
Italy	2007 – 2012
Switzerland	2002 – 2012