INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES [Abstract]

Income before income taxes

The components of income before income taxes are as follows (in thousands):

	Years Ended December 31,
	2012	2011	2010
Domestic	$ 84,349	$ 51,995	$ 32,132
Foreign	660	-	-
Total income before taxes	$ 85,009	$ 51,995	$ 32,132

Provision for income taxes

The provision for income taxes consists of the following (in thousands):

	Years Ended December 31,
	2012	2011	2010
Current -
Federal	$ 27,393	$ 15,401	$ 7,952
State	4,438	2,731	1,446
Foreign	963	-	-
	32,794	18,132	9,398
Deferred -
Federal	1,835	2,081	2,914
State	146	345	439
Foreign	(751)	-	-
	1,230	2,426	3,353
	$ 34,024	$ 20,558	$12,751

The difference between income taxes computed at the federal statutory income tax rate and the provision for income taxes

The difference between income taxes computed at the federal statutory income tax rate (35%) and the provision for income taxes is as follows (in thousands):

	Years Ended December 31,
	2012	2011	2010
Income taxes computed at federal statutory rate	$ 29,753	$18,198	$ 11,246
State income taxes, net of federal benefit	2,917	1,999	1,225
Other, primarily non-tax deductible items	1,354	361	280
	$ 34,024	$20,558	$ 12,751

The net current and noncurrent components of deferred income tax balances

The net current and noncurrent components of deferred income tax balances are as follows (in thousands):

	December 31,
	2012	2011
Net current assets	$   5,182	$ 4,539
Net non-current assets	-	1,588
Net non-current liabilities	(16,448)	-
Net assets (liabilities)	$ (11,266)	$ 6,127

Deferred tax liabilities and assets were comprised of the following (in thousands):

	December 31,
	2012	2011
Deferred tax assets:
Goodwill	$      2,270	$    3,575
Allowance for doubtful accounts	2,408	2,077
Inventories	1,803	1,707
Accruals	842	889
Other	342	229
Total deferred tax assets	7,665	8,477
Less valuation allowance	-	-
Total deferred tax assets, net of valuation allowance	7,665	8,477
Deferred tax liabilities
Intangibles	(9,232)	(786)
Property and equipment	(8,430)	(1,421)
Unremitted foreign earnings	(577)	-
Cumulative translation adjustment	(298)	-
Other	(394)	(143)
Net deferred tax asset (liability)	$  (11,266)	$    6,127