Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes

Schedule of provision for income taxes from operations

(in thousands)

	Years Ended December 31,
	2013			2012			2011
Current
Federal	$	19,804		$	13,163		$	21,040
State	3,243			2,732			4,427
Foreign	3,926			3,920			4,582
Deferred
Federal	3,646			(544		)	(574		)
State	404			(98		)	(358		)
Foreign	(430		)	830			(1,231		)
	$	30,593		$	20,003		$	27,886

Schedule of income and loss from operations before income taxes

(in thousands)

	Years Ended December 31,
	2013		2012			2011
Domestic	$	74,912	$	65,705		$	68,961
Foreign	6,652		(3,784		)	9,825
	$	81,564	$	61,921		$	78,786

Schedule of effective income tax rates reconciliations

(in thousands)

	Years Ended December 31,
	2013		2012		2011
Federal tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal benefit	3.0	%	2.9	%	3.4	%
Tax benefit of domestic manufacturing deduction	(2.2	)%	(2.1	)%	(2.5	)%
Change in valuation allowance	1.3	%	6.0	%	(0.3	)%
Difference between United States statutory and foreign local tax rates	0.1	%	2.6	%	0.3	%
Change in uncertain tax position	(0.4	)%	(0.3	)%	—
Worthless stock deduction on Irish subsidiary	—		(15.4	)%	—
Non-deductible goodwill write-off	—		1.1	%	—
Non-deductible professional fee	—		1.3	%	—
Other	0.7	%	1.2	%	(0.5	)%
Effective income tax rate	37.5	%	32.3	%	35.4	%

Schedule of deferred tax assets and liabilities

(in thousands)

	December 31,
	2013			2012			2011
Current deferred tax assets
State tax	$	1,415		$	1,133		$	1,586
Workers’ compensation	1,780			1,814			2,123
Health claims	601			516			549
Vacation liability	1,219			1,037			865
Allowance for doubtful accounts	181			332			291
Inventories	6,691			5,713			4,796
Sales incentive and advertising allowances	516			580			408
Intangible rights write-off	—			—			194
Acquisition expenses	—			—			477
Unrealized foreign exchange gain or loss	124			39			57
Other, net	172			309			428
	$	12,699		$	11,473		$	11,774
Long-term deferred tax assets (liabilities)
Depreciation	$	(2,671	)	$	(2,434	)	$	(3,067	)
Goodwill and other intangibles amortization	(9,781		)	(4,086		)	(314		)
Deferred compensation related to stock options	6,104			7,296			5,485
Uncertain tax positions’ unrecognized tax benefits	1,532			1,140			1,115
Non-United States tax loss carry forward	5,472			8,064			5,912
Tax effect on cumulative translation adjustment	(729		)	(763		)	(812		)
Other	940			526			811
	867			9,743			9,130
Less valuation allowances	(5,546		)	(9,719		)	(6,279		)
	$	(4,679	)	$	24		$	2,851

Schedule of reconciliation of unrecognized tax benefits, including foreign translation amount

(in thousands)

	2013			2012			2011
Balance at January 1	$	3,843		$	4,683		$	5,862
Additions based on tax positions related to prior years	297			527			18
Reductions based on tax positions related to prior years	(494		)	(1,163		)	(681		)
Additions for tax positions of the current year	837			933			570
Settlements	(435		)	(486		)	(362		)
Lapse of statute of limitations	(592		)	(651		)	(724		)
Balance at December 31	$	3,456		$	3,843		$	4,683