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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Reconciliation of the Federal statutory income tax rate to the Company’s effective tax rate

A reconciliation of the Federal statutory income tax rate to the Company’s effective tax rate is as follows:



	Percent of Income before Income Taxes
	2012		2011		2010
Statutory Federal income tax rate	35.0	%	35.0	%	35.0	%
State income taxes — net of Federal tax benefit	4.2		0.7		(1.4	)
Foreign tax rate differential	0.5		0.4		(5.1	)
Domestic production deduction	(2.9	)	(3.5	)	0.8
Non-deductible expenses	1.5		2.0		(0.9	)
Changes in unrecognized tax benefits	(1.6	)	(14.4	)	—
Non-deductible goodwill	—		3.1		(16.2	)
Non-taxable claims settlement gain	—		—		2.6
Valuation allowances	1.2		3.0		—
Other	(1.2	)	1.0		1.2
Effective tax rate for the year	36.7	%	27.3	%	16.0	%

Income (loss) from continuing operations before income taxes

Income (loss) before income taxes was attributable to the following sources:



	2012			2011			2010
United States	$	50,143		$	39,740		$	(18,807	)
Foreign	(2,802		)	(6,053		)	(32,214		)
Totals	$	47,341		$	33,687		$	(51,021	)

Income tax expense (benefit) from continuing operations

Income tax expense (benefit) consisted of the following:



	2012					2011					2010
	Current		Deferred			Current		Deferred			Current			Deferred
Federal	$	13,093	$	2,124		$	6,509	$	2,057		$	5,712		$	(12,933	)
Foreign	297		(1,168		)	612		(371		)	(1,519		)	(544		)
State and local	2,937		96			1,906		(1,531		)	983			115
	$	16,327	$	1,052		$	9,027	$	155		$	5,176		$	(13,362	)

Significant components of the Company’s deferred taxes

Significant components of the Company’s deferred taxes as of December 31, 2012 and 2011 are as follows:



	2012			2011
Deferred income tax liabilities
Property, plant and equipment	$	24,748		$	23,974
Tax-deductible goodwill	5,206			2,884
Non-deductible intangibles	5,069			1,564
State deferred taxes	1,487			1,286
Other	392			423
	36,902			30,131
Deferred income tax assets
Compensation	6,243			5,175
Inventory valuation	806			630
Allowance for uncollectible accounts	967			1,343
Non-deductible accruals	3,820			4,199
Other	78			80
Capital loss carryforwards	—			26,138
Net operating loss carryforwards	4,975			2,037
	16,889			39,602
Valuation Allowance	(6,060		)	(28,175		)
	10,829			11,427
Net deferred income tax liability	$	26,073		$	18,704

The following table summarizes the activity related to the Company’s unrecognized tax benefits:



	2012			2011			2010
Balance at January 1	1,217			5,767			6,117
Increases related to current year tax positions	—			—			198
Increases related to acquired businesses	236			—			—
Increases related to previous year tax positions	580			395			79
Reductions due to lapse of applicable statute of limitations	(256		)	(4,945		)	(627		)
Reduction due to settlements	(699		)	—			—
Balance at December 31	$	1,078		$	1,217		$	5,767

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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