|
INCOME TAXES (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Income Taxes |
|
| Schedule of income from continuing operations before provision (benefit) for income taxes |
|
Year Ended December 31,
|
|
2014
|
|
2013
|
|
2012
|
|
|
Domestic
|
|
$
|
4,577
|
|
$
|
6,111
|
|
$
|
17,625
|
|
|
Foreign
|
|
14,437
|
|
19,465
|
|
17,814
|
|
|
Total
|
|
$
|
19,014
|
|
$
|
25,576
|
|
$
|
35,439
|
|
|
| Schedule of components of the provision (benefit) for income taxes |
|
Year Ended December 31,
|
|
2014
|
|
2013
|
|
2012
|
|
|
Current:
|
|
|
|
|
|
|
|
|
Federal
|
|
$
|
(2,713
|
)
|
$
|
(773
|
)
|
$
|
1,901
|
|
|
State
|
|
514
|
|
399
|
|
248
|
|
|
Foreign
|
|
5,539
|
|
7,230
|
|
4,714
|
|
|
Subtotal
|
|
3,340
|
|
6,856
|
|
6,863
|
|
|
Deferred:
|
|
|
|
|
|
|
|
|
Federal
|
|
(3,804
|
)
|
1,654
|
|
2,303
|
|
|
State
|
|
(326
|
)
|
186
|
|
1,207
|
|
|
Foreign
|
|
47
|
|
(773
|
)
|
158
|
|
|
Subtotal
|
|
(4,083
|
)
|
1,067
|
|
3,668
|
|
|
Total provision (benefit) for income taxes
|
|
$
|
(743
|
)
|
$
|
7,923
|
|
$
|
10,531
|
|
|
| Schedule of differences between the statutory U.S. federal income tax rate and the provision (benefit) for income taxes, as a percentage of income before provision for income taxes |
|
Year Ended December 31,
|
|
2014
|
|
2013
|
|
2012
|
|
|
Statutory U.S. federal income tax rate
|
|
35.0
|
%
|
35.0
|
%
|
35.0
|
%
|
|
State income taxes, net of U.S. federal income tax benefit
|
|
0.6
|
|
1.4
|
|
2.7
|
|
|
U.S. tax impact of foreign operations
|
|
(73.0
|
)
|
(16.2
|
)
|
(2.3
|
)
|
|
Valuation allowance change
|
|
48.8
|
|
4.3
|
|
(6.6
|
)
|
|
Unrecognized tax benefits
|
|
(8.6
|
)
|
7.9
|
|
2.9
|
|
|
Domestic manufacturing deduction
|
|
(2.2
|
)
|
(1.3
|
)
|
(0.4
|
)
|
|
Nondeductible foreign expenses
|
|
(1.8
|
)
|
1.1
|
|
0.5
|
|
|
Other
|
|
(2.7
|
)
|
(1.2
|
)
|
(2.1
|
)
|
|
Effective income tax rate
|
|
(3.9
|
)%
|
31.0
|
%
|
29.7
|
%
|
|
| Schedule of components of U.S. tax impact of foreign operations |
|
Components of U.S. tax impact of foreign operations
|
|
|
2014
|
|
2013
|
|
2012
|
|
|
Dividends received from foreign subsidiaries
|
|
|
59.5
|
%
|
29.4
|
%
|
4.5
|
%
|
|
Foreign tax credits
|
|
|
(121.3
|
)
|
(34.3
|
)
|
(4.1
|
)
|
|
Foreign tax rate differentials
|
|
|
(11.0
|
)
|
(10.8
|
)
|
(2.4
|
)
|
|
Unremitted earnings
|
|
|
(0.2
|
)
|
(0.5
|
)
|
(0.3
|
)
|
|
Total
|
|
|
(73.0
|
)%
|
(16.2
|
)%
|
(2.3
|
)%
|
|
| Schedule of significant components of the deferred tax assets (liabilities) |
|
As of December 31,
|
|
2014
|
|
2013
|
|
|
Inventory
|
|
$
|
1,766
|
|
$
|
1,502
|
|
|
Accrued liabilities
|
|
5,023
|
|
4,380
|
|
|
Deferred compensation
|
|
398
|
|
364
|
|
|
Equity-based compensation
|
|
4,293
|
|
2,993
|
|
|
Intangibles assets
|
|
442
|
|
389
|
|
|
Bad debts
|
|
64
|
|
225
|
|
|
Net operating losses
|
|
5,824
|
|
5,593
|
|
|
Foreign tax and withholding credits
|
|
12,591
|
|
4,066
|
|
|
Non-income tax accruals
|
|
53
|
|
397
|
|
|
Health insurance accruals
|
|
230
|
|
184
|
|
|
Undistributed foreign earnings
|
|
474
|
|
4,008
|
|
|
Other deferred tax assets
|
|
1,488
|
|
2,260
|
|
|
Capital loss carryforward
|
|
739
|
|
721
|
|
|
Valuation allowance
|
|
(13,169
|
)
|
(11,340
|
)
|
|
Total deferred tax assets
|
|
$
|
20,216
|
|
15,742
|
|
|
Other deferred tax liabilities
|
|
(778
|
)
|
(231
|
)
|
|
Total deferred tax liabilities
|
|
(778
|
)
|
(231
|
)
|
|
Total deferred taxes, net
|
|
$
|
19,438
|
|
$
|
15,511
|
|
|
| Schedule of components of deferred tax assets (liabilities), net |
|
As of December 31,
|
|
2014
|
|
2013
|
|
|
Net current deferred tax assets
|
|
$
|
4,950
|
|
$
|
5,711
|
|
|
Net non-current deferred tax assets
|
|
14,495
|
|
9,928
|
|
|
Total net deferred tax assets
|
|
19,445
|
|
15,639
|
|
|
|
|
|
|
|
|
|
Net current deferred tax liabilities
|
|
(1
|
)
|
(2
|
)
|
|
Net non-current deferred tax liabilities
|
|
(6
|
)
|
(126
|
)
|
|
Total net deferred tax liabilities
|
|
(7
|
)
|
(128
|
)
|
|
|
|
|
|
|
|
|
Total deferred taxes, net
|
|
$
|
19,438
|
|
$
|
15,511
|
|
|
| Schedule of reconciliation of the beginning and ending amount of liabilities associated with uncertain tax benefits, excluding interest and penalties |
|
Year Ended December 31,
|
|
2014
|
|
2013
|
|
2012
|
|
|
|
|
|
|
|
|
|
|
|
Unrecognized tax benefits, opening balance
|
|
$
|
11,050
|
|
$
|
9,519
|
|
$
|
8,966
|
|
|
Settlement of liability reclassified as income tax payable
|
|
(591
|
)
|
(10
|
)
|
—
|
|
|
Payments on liability
|
|
—
|
|
—
|
|
(15
|
)
|
|
Tax positions taken in a prior period
|
|
|
|
|
|
|
|
|
Gross increases
|
|
—
|
|
—
|
|
1,120
|
|
|
Gross decreases
|
|
(6,614
|
)
|
(184
|
)
|
(504
|
)
|
|
Tax positions taken in the current period
|
|
|
|
|
|
|
|
|
Gross increases
|
|
1,934
|
|
2,356
|
|
2,011
|
|
|
Gross decreases
|
|
—
|
|
—
|
|
—
|
|
|
Lapse of applicable statute of limitations
|
|
(244
|
)
|
(323
|
)
|
(2,068
|
)
|
|
Currency translation adjustments
|
|
(585
|
)
|
(308
|
)
|
9
|
|
|
Unrecognized tax benefits, ending balance
|
|
$
|
4,950
|
|
$
|
11,050
|
|
$
|
9,519
|
|
|