INCOME TAXES

12 Months Ended

Dec. 31, 2011

INCOME TAXES [Abstract]

INCOME TAXES

16.   INCOME TAXES

The temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to the deferred income tax assets and liabilities are as follows:

	December 31,
	2011			2010
Current deferred tax assets (liabilites):
Accrued vacation	$	663		$	612
Inventories		1,803			1,880
Stock award		962			1,440
Other		657			(86	)
Total current deferred tax assets		4,085			3,846
Long-term deferred tax assets (liabilities):
Depreciation		(5,755	)		(3,442	)
Amortization of intangibles		(4,180	)		(4,316	)
Gain on sale of real estate		1,106			1,190
Long-term contract costs		(886	)		(1,234	)
Other		796			375
Total long-term deferred tax liabilities		(8,919	)		(7,427	)
Net deferred tax liabilities	$	(4,834	)	$	(3,581	)

The Company's income tax provision attributable to income before income taxes consisted of the following for the years ended December 31, 2011, 2010 and 2009:

	2011		2010			2009
Federal:
Current	$	5,658	$	5,306		$	6,537
Deferred		1,149		(151	)		(1,089	)
		6,807		5,155			5,448
State
Current		225		355			494
Deferred		104		(14	)		(99	)
		329		341			395
Provision for income taxes	$	7,136	$	5,496		$	5,843

The reconciliation of income tax computed at the U.S. federal statutory tax rates to income tax expense is as follows:

	2011			2010			2009
Federal taxes	$	8,235		$	6,449		$	5,599
State and local taxes, net of federal benefit		329			341			395
Production deduction		(508	)		(399	)		(196	)
Research and experimental and other tax credits		(665	)		(470	)		(189	)
Non-taxable income		(432	)		-			-
Other		177			(425	)		234
Provision for income taxes	$	7,136		$	5,496		$	5,843