Income Taxes

3 Months Ended

Mar. 31, 2012

Income Taxes [Abstract]

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 March 31,
	2012					2011
Provision for income taxes at statutory rate	$	3,257		35.0	%	$	2,927		35.0	%
State and local income taxes, net of federal tax benefit		128		1.4	%		102		1.2	%
Stock compensation		62		0.6	%		63		0.8	%
Research credits		—		—			(71	)	(0.9	)%
Disqualifying dispositions on incentive stock options		(33	)	(0.3	)%		(36	)	(0.4	)%
Effect of rate changes on deferred taxes		128		1.4	%		9		0.1	%
Other, net		45		0.4	%		(72	)	(0.9	)%
Reported income tax provision	$	3,587		38.5	%	$	2,922		34.9	%

As of March 31, 2012, the reserve for uncertain tax positions was approximately $1.2 million.