Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013



	Federal			State			Foreign			Total
2013:
Current	$	51,058		$	6,252		$	6,650		$	63,960
Deferred	(2,580		)	(209		)	(1,303		)	(4,092		)
	$	48,478		$	6,043		$	5,347		$	59,868
2012:
Current	$	50,911		$	6,482		$	3,368		$	60,761
Deferred	(6,083		)	414			12			(5,657		)
	$	44,828		$	6,896		$	3,380		$	55,104
2011:
Current	$	63,758		$	12,226		$	7,487		$	83,471
Deferred	1,003			(1,067		)	(3		)	(67		)
	$	64,761		$	11,159		$	7,484		$	83,404

Actual income taxes differed from that obtained by applying the statutory federal income tax rate to income before income taxes



	Years Ended December 31,
	2013			2012			2011
Computed expected income taxes	$	71,945		$	64,282		$	99,842
State income taxes, net of federal income tax benefit	4,435			3,562			6,912
Foreign rate differential	(16,399		)	(12,908		)	(24,783		)
Other	(113		)	168			1,433
	$	59,868		$	55,104		$	83,404

Tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities



	2013			2012
Deferred tax assets (liabilities), current:
Uniform capitalization adjustment to inventory	$	5,492		$	6,870
Bad debt and other reserves	10,655			11,582
State taxes	508			799
Prepaid expenses	(2,193		)	(1,961		)
Accrued bonus	5,071			—
Foreign currency hedge	348			—
Total deferred tax assets, current	19,881			17,290
Deferred tax assets (liabilities), noncurrent:
Amortization and impairment of intangible assets	4,603			5,312
Depreciation of property and equipment	(6,034		)	(8,524		)
Share-based compensation	11,226			11,906
Foreign currency translation	667			244
Deferred rent	4,028			3,247
Acquisition costs	755			834
Other	—			111
Net operating loss carryforwards	506			242
Total deferred tax assets, noncurrent	15,751			13,372
Net deferred tax assets	$	35,632		$	30,662

Reconciliation of the beginning and ending amounts of total unrecognized tax benefits



Balance at January 1, 2012	$	3,271
Gross decrease related to prior years' tax positions	—
Settlements	(3,271		)
Balance at December 31, 2012	$	—
Gross change related to current and prior years' tax positions	—
Balance at December 31, 2013	$	—

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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