Income Taxes

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 8 : Income Taxes

The components of income (loss) before income taxes are as follows:

	Three Months Ended
	March 31,
	2016		2015
United States	$	13,416	$	18,020
France		(6,801)		7,880
Ireland		(5,850)		(3,780)
Total income before income taxes	$	765	$	22,120

The items accounting for the difference between the income tax provision computed at the French statutory rate and the Company's effective tax rate are as follows:

	Three Months Ended
	March 31,
	2016			2015
Statutory tax rate		33.3	%		33.3	%
International tax rates differential		190.8	%		4.9	%
Valuation allowance on net operating losses		317.4	%		(4.5)	%
Nondeductible contingent consideration		362.2	%		9.7	%
Nondeductible stock-based compensation		28.5	%		1.3	%
Deferred charge from IP transfer		64.6	%		1.2	%
State and local income taxes		15.8	%		0.5	%
Other		(79.2)	%		0.9	%
Effective income tax rate		933.5	%		47.3	%
Income tax provision - at Statutory tax rate	$	255		$	7,366
International tax rates differential		1,460			1,093
Valuation allowance on net operating losses		2,428			(1,006)
Nondeductible contingent consideration		2,771			2,146
Nondeductible stock-based compensation		218			285
Deferred charge from IP transfer		494			264
State and local income taxes		121			119
Other		(606)			206
Income tax provision - at Effective income tax rate	$	7,141		$	10,473

The effective tax rate for the first quarter 2016 and 2015 was 933.5% and 47.3%, respectively. The higher income tax rate in 2016 is primarily the result of recording valuation allowances against the tax benefits from book losses in France and Ireland. An increase in the amount of nondeductible contingent consideration and the effect of lower income levels in low-tax jurisdictions also contributed to the increased income tax rate.