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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2012
Income Taxes [Abstract]  
Schedule of provision for income taxes

The provision for income taxes consists of the following:

 

                 
    Three Months Ended March 31,  
        2012             2011      
    (In thousands)  

Current:

               

Federal

  $ 3,565     $ —    

State and local

    1,170       246  

Foreign

    (90     (206
   

 

 

   

 

 

 

Total current provision

    4,645       40  
   

 

 

   

 

 

 

Deferred:

               

Federal

    3,545       4,460  

State and local

    872       1,784  

Foreign

    193       602  
   

 

 

   

 

 

 

Total deferred provision

    4,610       6,846  
   

 

 

   

 

 

 

Provision for income taxes

  $ 9,255     $ 6,886  
   

 

 

   

 

 

 
Summary of company's net deferred tax assets

The following is a summary of the Company’s net deferred tax assets:

 

                 
    As of  
    March 31, 2012     December 31, 2011  
    (In thousands)  

Deferred tax assets and liabilities

  $ 5,977     $ 8,376  

Valuation allowance

    (293     (287
   

 

 

   

 

 

 

Deferred tax assets, net

  $ 5,684     $ 8,089