Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income before income taxes and equity earnings (losses)

Income (loss) before income taxes and equity earnings is attributable to the following jurisdictions (in thousands):

	Year Ended December 31,
	2013			2012			2011
United States	$	158,851		$	144,578		$	111,376
Foreign (1)	(113		)	(6,178		)	5,727
Total	$	158,738		$	138,400		$	117,103

  ⁽¹⁾  The foreign loss before income taxes in 2012 includes the $6.9 million goodwill impairment charge related to the United Kingdom.

Provision for income taxes

The provision for income taxes consisted of the following (in thousands):

	Year Ended December 31,
	2013			2012		2011
Current:
Federal	$	49,425		$	43,871	$	32,850
State and other	7,486			5,958		7,675
Total current provision for income taxes	56,911			49,829		40,525
Deferred:
Federal	4,905			6,071		4,754
State and other	(226		)	844		40
Total deferred provision for income taxes	4,679			6,915		4,794
Provision for income taxes	$	61,590		$	56,744	$	45,319

Reconciliation of the U.S. federal statutory tax rate to effective tax rate on income before income taxes and equity earnings (losses)

A reconciliation of the U.S. federal statutory tax rate to our effective tax rate on Income before income taxes and equity earnings is as follows:

	Year Ended December 31,
	2013		2012		2011
Federal statutory rate	35.00	%	35.00	%	35.00	%
Change in valuation allowance	0.57		1.97		0.37
Other, primarily state income tax rate	3.23		4.03		3.33
Total effective tax rate	38.80	%	41.00	%	38.70	%

Components of deferred tax assets and liabilities

The table below presents the components of our deferred tax assets and liabilities (in thousands):

	December 31,
	2013			2012
Deferred tax assets:
Product inventories	$	6,476		$	7,703
Accrued expenses	4,072			2,780
Allowance for doubtful accounts	346			420
Total current	10,894			10,903
Less: Valuation allowance	(1,691		)	(1,584		)
Component reclassified for net presentation	(3,746		)	(4,133		)
Total current, net	5,457			5,186
Leases	1,805			1,957
Share-based compensation	15,579			16,970
Uncertain tax positions	1,343			1,226
Net operating losses	4,709			6,703
Interest rate swaps	667			1,327
Equity losses in unconsolidated investments	5,653			5,653
Other	953			1,150
Total non-current	30,709			34,986
Less: Valuation allowance	(8,672		)	(10,772		)
Component reclassified for net presentation	(21,253		)	(23,474		)
Total non-current, net	784			740
Total deferred tax assets	6,241			5,926
Deferred tax liabilities:
Trade discounts on purchases	2,022			2,681
Prepaid expenses	1,724			1,452
Total current	3,746			4,133
Component reclassified for net presentation	(3,746		)	(4,133		)
Total current, net	—			—
Intangible assets, primarily goodwill	33,659			30,645
Depreciation	6,702			6,282
Total non-current	40,361			36,927
Component reclassified for net presentation	(21,253		)	(23,474		)
Total non-current, net	19,108			13,453
Total deferred tax liabilities	19,108			13,453
Net deferred tax liability	$	(12,867	)	$	(7,527	)

Summary of activity related to uncertain tax positions

The following table summarizes the activity related to uncertain tax positions for the past three years (in thousands):

	2013			2012			2011
Balance at beginning of year	$	3,504		$	4,715		$	3,962
Increases for tax positions taken during a prior period	—			—			—
Increases for tax positions taken during the current period	1,140			972			914
Decreases resulting from the expiration of the statute of limitations	(807		)	(2,123		)	(46		)
Decreases relating to settlements	—			(60		)	(115		)
Balance at end of year	$	3,837		$	3,504		$	4,715