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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes

The provision for income taxes from continuing operations consists of the following:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2014

 

 

 

2013

 

 

 

2014

 

 

 

2013

 

 

(In thousands)

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

$

9,280

 

 

$

6,742

 

 

$

22,297

 

 

$

20,004

 

State and local

 

1,583

 

 

 

1,823

 

 

 

4,356

 

 

 

4,717

 

Foreign

 

227

 

 

 

312

 

 

 

520

 

 

 

602

 

Total current provision

 

11,090

 

 

 

8,877

 

 

 

27,173

 

 

 

25,323

 

Deferred:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

(354

)

 

 

(380

)

 

 

3,979

 

 

 

3,885

 

State and local

 

(73

)

 

 

(79

)

 

 

512

 

 

 

699

 

Foreign

 

101

 

 

 

(289

)

 

 

213

 

 

 

(519

)

Total deferred provision

 

(326

)

 

 

(748

)

 

 

4,704

 

 

 

4,065

 

Provision for income taxes

$

10,764

 

 

$

8,129

 

 

$

31,877

 

 

$

29,388

 

 

Summary of Company's Net Deferred Tax Assets

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

 

 

As of

 

 

September 30,

2014

 

 

December 31,

2013

 

 

(In thousands)

 

Deferred tax assets and liabilities

$

10,699

 

 

$

12,690

 

Valuation allowance

 

(7,582

)

 

 

(7,743

)

Deferred tax assets, net

$

3,117

 

 

$

4,947