INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES

Schedule of income before income taxes

Years Ended December 31,	2013		2012		2011
United States	$	28,968	$	58,250	$	54,161
International		235,415		183,123		220,781
Total	$	264,383	$	241,373	$	274,942

Components of provision (benefit) for income taxes

Years Ended December 31,	2013			2012			2011
Current:
U.S. Federal	$	7,174		$	17,027		$	21,974
State/Local		(631	)		491			1,008
International		79,070			70,450			66,326
	$	85,613		$	87,968		$	89,308
Deferred:
U.S. Federal/State	$	9,575		$	8,757		$	2,976
International		(2,731	)		(17,772	)		(972	)
	$	6,844		$	(9,015	)	$	2,004
Total	$	92,457		$	78,953		$	91,312

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

Years Ended December 31,	2013			2012			2011
Income tax at statutory rate	$	92,534		$	84,481		$	96,230
State income taxes (benefits), net of federal benefit (tax)		(610	)		717			1,074
Provision for distribution of current foreign earnings		11,388			9,552			10,325
Rate differential on earnings of foreign operations		(10,167	)		(14,865	)		(14,497	)
Other items, net		(688	)		(932	)		(1,820	)
Actual income tax provision	$	92,457		$	78,953		$	91,312
Effective income tax rate		35.0	%		32.7	%		33.2	%

Components of significant deferred tax assets and liabilities

	2013			2012
Deferred Tax Assets:
Pension liabilities	$	21,106		$	36,376
Stock options		10,785			15,700
Net operating loss carryforwards		6,675			7,084
U.S. state tax credits		6,192			3,441
Vacation		6,109			5,325
Workers compensation		4,180			4,511
Inventory		3,866			4,567
Accruals		2,084			2,502
Other		9,759			8,213
Total gross deferred tax assets		70,756			87,719
Less valuation allowance		(4,840	)		(7,033	)
Net deferred tax assets		65,916			80,686
Deferred Tax Liabilities:
Depreciation, amortization and leases		61,316			58,587
Acquisition related intangibles		20,100			19,346
Total gross deferred tax liabilities		81,416			77,933
Net deferred tax assets	$	(15,500	)	$	2,753

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

	2013			2012			2011
Balance at January 1		$	8,464		$	9,071		$	10,893
Increases based on tax positions for the current year			110			245			150
Increases based on tax positions of prior years			381			107			128
Decreases based on tax positions of prior years			(92	)		(257	)		(1,090	)
Settlements			(515	)		(21	)		(457	)
Lapse of statute of limitations			(360	)		(681	)		(553	)
Balance at December 31		$	7,988		$	8,464		$	9,071

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 – 2013
United States — State	2004 – 2013
France	2011 – 2013
Germany	2011 – 2013
Italy	2009 – 2013
Switzerland	2004 – 2013