Income Taxes

6 Months Ended

Jun. 30, 2011

Income Taxes

Income Taxes

10. Income Taxes

A reconciliation of income taxes computed at federal statutory rates to income tax expense is as follows (dollar amounts in thousands):

	Three Months Ended June 30,
	2011					2010
Provision for income taxes at statutory rate	$	2,999		35.0	%	$	1,692		35.0	%
State and local income taxes, net of federal tax benefit		106		1.2	%		90		1.9	%
Stock compensation		65		0.8	%		51		1.0	%
Research credits		(73	)	(0.9	)%		—		—
Disqualifying dispositions on incentive stock options		(58	)	(0.7	)%		(26	)	(0.5	)%
Other, net		(68	)	(0.7	)%		(19	)	(0.4	)%
Reported income tax provision	$	2,971		34.7	%	$	1,788		37.0	%

	Six Months Ended June 30,
	2011					2010
Provision for income taxes at statutory rate	$	5,926		35.0	%	$	3,490		35.0	%
State and local income taxes, net of federal tax benefit		208		1.2	%		186		1.9	%
Stock compensation		128		0.8	%		106		1.1	%
Research credits		(143	)	(0.9	)%		—		—
Disqualifying dispositions on incentive stock options		(94	)	(0.5	)%		(70	)	(0.7	)%
Other, net		(132	)	(0.8	)%		(47	)	(0.5	)%
Reported income tax provision	$	5,893		34.8	%	$	3,665		36.8	%

At both June 30, 2011 and December 31, 2010, the reserve for uncertain tax positions (including related interest) was approximately $1.2 million.