XML 77 R63.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Components of income (loss) before income taxes                      
U.S.                 $ 204,667 $ 135,756 $ 110,909
Non-U.S.                 96,664 51,352 (24,171)
Income before income taxes 83,427 75,873 81,494 60,537 51,976 48,819 51,572 34,741 301,331 187,108 86,738
Current:                      
Federal                 42,510 30,642 25,688
Non-U.S.                 19,970 15,532 15,943
State and local                 6,699 4,337 3,364
Current income tax expense (benefit)                 69,179 50,511 44,995
Deferred:                      
Federal                 12,140 6,802 (4,612)
Non-U.S.                 2,768 (2,640) (2,735)
State and local                 231 225 257
Deferred income tax expense (benefit)                 15,139 4,387 (7,090)
Total                 84,318 54,898 37,905
Differences between total income tax expense and the amount computed by applying the statutory federal income tax rate to income before income taxes                      
Statutory rate (as a percent)                 35.00% 35.00% 35.00%
Statutory rate of 35% applied to pre-tax income                 105,466 65,488 30,358
Effect of state and local income taxes, net of federal tax benefit                 4,585 3,044 2,443
Taxes (less) more than the U.S. tax rate on non-U.S. earnings, including utilization of tax loss carryforwards, losses with no benefit and changes in non-U.S. valuation allowance                 (13,637) (1,417) 18,484
Manufacturing deduction                 (5,330) (3,900) (2,310)
U.S. tax cost (benefit) of foreign source income                 145 (3,282) (14,486)
Resolution and adjustments to uncertain tax positions                 (5,103) (3,204) 4,275
Other                 (1,808) (1,831) (859)
Total                 84,318 54,898 37,905
Effective tax rate (as a percent)                 27.98% 29.34% 43.70%
Total income tax payments, net of refunds                 $ 62,600 $ 40,970 $ 33,522