|
INCOME TAXES (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| INCOME TAXES |
|
| Schedule of income from continuing operations before provision (benefit) for income taxes |
|
Year Ended December 31,
|
|
2012
|
|
2011
|
|
2010
|
|
|
Domestic
|
|
$
|
17,625
|
|
$
|
2,338
|
|
$
|
4,453
|
|
|
Foreign
|
|
17,871
|
|
19,674
|
|
9,537
|
|
|
Total
|
|
$
|
35,496
|
|
$
|
22,012
|
|
$
|
13,990
|
|
|
| Schedule of components of the provision (benefit) for income taxes from continuing operations |
|
Year Ended December 31,
|
|
2012
|
|
2011
|
|
2010
|
|
|
Current:
|
|
|
|
|
|
|
|
|
Federal
|
|
$
|
1,901
|
|
$
|
4,094
|
|
$
|
3,330
|
|
|
State
|
|
248
|
|
961
|
|
(306
|
)
|
|
Foreign
|
|
3,835
|
|
4,429
|
|
369
|
|
|
Subtotal
|
|
5,984
|
|
9,484
|
|
3,393
|
|
|
Deferred:
|
|
|
|
|
|
|
|
|
Federal
|
|
2,303
|
|
(4,408
|
)
|
2,149
|
|
|
State
|
|
1,207
|
|
(719
|
)
|
1,186
|
|
|
Foreign
|
|
622
|
|
54
|
|
(1,207
|
)
|
|
Subtotal
|
|
4,132
|
|
(5,073
|
)
|
2,128
|
|
|
Total provision for income taxes
|
|
$
|
10,116
|
|
$
|
4,411
|
|
$
|
5,521
|
|
|
| Schedule of differences between the statutory U.S. federal income tax rate and the provision for income taxes from continuing operations, as a percentage of income before provision for income taxes |
|
Year Ended December 31,
|
|
2012
|
|
2011
|
|
2010
|
|
|
Statutory U.S. federal income tax rate
|
|
35.0
|
%
|
35.0
|
%
|
35.0
|
%
|
|
State income taxes, net of U.S. federal income tax benefit
|
|
2.7
|
|
0.7
|
|
4.1
|
|
|
U.S. tax impact of foreign operations
|
|
0.2
|
|
(15.1
|
)
|
13.5
|
|
|
Valuation allowance change
|
|
(3.9
|
)
|
(0.3
|
)
|
20.9
|
|
|
Tax contingencies
|
|
(1.0
|
)
|
(1.4
|
)
|
1.8
|
|
|
Foreign exchange gains (losses)
|
|
—
|
|
—
|
|
(10.1
|
)
|
|
Gain on sale of intercompany assets
|
|
—
|
|
—
|
|
10.6
|
|
|
Charitable contributions
|
|
—
|
|
(0.3
|
)
|
(0.2
|
)
|
|
Foreign tax rate differential
|
|
(2.3
|
)
|
(5.2
|
)
|
(5.2
|
)
|
|
Unrecognized tax benefits
|
|
0.4
|
|
8.2
|
|
4.1
|
|
|
Meals and entertainment
|
|
0.2
|
|
0.3
|
|
0.4
|
|
|
Tax adjustment for inflation
|
|
—
|
|
—
|
|
(0.3
|
)
|
|
Domestic manufacturing deduction
|
|
(0.4
|
)
|
(1.1
|
)
|
—
|
|
|
One-time bad debt and worthless stock deduction
|
|
—
|
|
—
|
|
(33.0
|
)
|
|
Nondeductible foreign expenses
|
|
(0.9
|
)
|
(1.3
|
)
|
(0.1
|
)
|
|
Other
|
|
(1.5
|
)
|
0.5
|
|
(2.0
|
)
|
|
Effective income tax rate
|
|
28.5
|
%
|
20.0
|
%
|
39.5
|
%
|
|
| Schedule of components of U.S. tax impact of foreign operations |
|
Components of U.S. tax impact of foreign operations
|
|
2012
|
|
2011
|
|
2010
|
|
|
Dividends received from foreign subsidiaries
|
|
4.5
|
%
|
26.2
|
%
|
25.5
|
%
|
|
Foreign tax credits
|
|
(4.0
|
)
|
(33.1
|
)
|
(31.7
|
)
|
|
Unremitted earnings
|
|
(0.3
|
)
|
(8.2
|
)
|
19.7
|
|
|
Total
|
|
0.2
|
%
|
(15.1
|
)%
|
13.5
|
%
|
|
| Schedule of significant components of the deferred tax assets (liabilities) |
|
As of December 31,
|
|
2012
|
|
2011
|
|
|
Inventory
|
|
$
|
1,718
|
|
$
|
1,635
|
|
|
Accrued liabilities
|
|
3,464
|
|
3,269
|
|
|
Impaired investments
|
|
727
|
|
765
|
|
|
Deferred compensation
|
|
3,075
|
|
2,514
|
|
|
Intangibles assets
|
|
2,308
|
|
8,084
|
|
|
Bad debts
|
|
49
|
|
59
|
|
|
Net operating losses
|
|
4,152
|
|
4,547
|
|
|
Foreign tax and withholding credits
|
|
4,406
|
|
5,675
|
|
|
Non-income tax accruals
|
|
452
|
|
170
|
|
|
Health insurance accruals
|
|
186
|
|
171
|
|
|
Undistributed foreign earnings
|
|
2,704
|
|
2,425
|
|
|
Other deferred tax assets
|
|
2,357
|
|
2,265
|
|
|
Valuation allowance
|
|
(8,149
|
)
|
(9,836
|
)
|
|
Total deferred tax assets
|
|
17,449
|
|
21,743
|
|
|
Other deferred tax liabilities
|
|
(720
|
)
|
(868
|
)
|
|
Total deferred tax liabilities
|
|
(720
|
)
|
(868
|
)
|
|
Total deferred taxes, net
|
|
$
|
16,729
|
|
$
|
20,875
|
|
|
| Schedule of components of deferred tax assets (liabilities), net |
|
As of December 31,
|
|
2012
|
|
2011
|
|
|
Net current deferred tax assets
|
|
$
|
5,307
|
|
$
|
3,945
|
|
|
Net non-current deferred tax assets
|
|
11,516
|
|
17,026
|
|
|
Total net deferred tax assets
|
|
16,823
|
|
20,971
|
|
|
|
|
|
|
|
|
|
Net current deferred tax liabilities
|
|
(1
|
)
|
(1
|
)
|
|
Net non-current deferred tax liabilities
|
|
(93
|
)
|
(95
|
)
|
|
Total net deferred tax liabilities
|
|
(94
|
)
|
(96
|
)
|
|
|
|
|
|
|
|
|
Total deferred taxes, net
|
|
$
|
16,729
|
|
$
|
20,875
|
|
|
| Schedule of reconciliation of the beginning and ending amount of liabilities associated with uncertain tax benefits, excluding interest and penalties |
|
Year Ended December 31,
|
|
2012
|
|
2011
|
|
2010
|
|
|
|
|
|
|
|
|
|
|
|
Unrecognized tax benefits, opening balance
|
|
$
|
8,966
|
|
$
|
15,058
|
|
$
|
19,687
|
|
|
Settlement of liability reclassified as income tax payable
|
|
—
|
|
(4,479
|
)
|
—
|
|
|
Payments on liability
|
|
(15
|
)
|
(2,590
|
)
|
—
|
|
|
Tax positions taken in a prior period
|
|
|
|
|
|
|
|
|
Gross increases
|
|
1,120
|
|
541
|
|
2,432
|
|
|
Gross decreases
|
|
(504
|
)
|
—
|
|
(980
|
)
|
|
Tax positions taken in the current period
|
|
|
|
|
|
|
|
|
Gross increases
|
|
2,011
|
|
1,347
|
|
—
|
|
|
Gross decreases
|
|
—
|
|
—
|
|
—
|
|
|
Lapse of applicable statute of limitations
|
|
(2,068
|
)
|
(914
|
)
|
(1,566
|
)
|
|
Currency translation adjustments
|
|
9
|
|
3
|
|
(4,515
|
)
|
|
Unrecognized tax benefits, ending balance
|
|
$
|
9,519
|
|
$
|
8,966
|
|
$
|
15,058
|
|
|