Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Geographic sources of income (loss) before income taxes are as follows:

	For the Year Ended December 31,
	2013			2012		2011
	(In thousands)
United States	$	(36,829	)	$	17,062	$	(8,097	)
Foreign	160,816			37,049		101,231
Total income before income taxes	$	123,987		$	54,111	$	93,134

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision (benefit) for income taxes are as follows:

	For the Year Ended December 31,
	2013			2012			2011
	(In thousands)
Current
Federal	$	—		$	—		$	—
State	—			(75		)	377
Foreign	30,902			10,998			8,986
	30,902			10,923			9,363
Deferred
Federal	(8,556		)	1,859			2,356
State	9			266			337
Foreign	291			3,953			(4,932		)
	(8,256		)	6,078			(2,239		)
Total provision	$	22,646		$	17,001		$	7,124

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the U.S. federal statutory income tax rate of 35% and our income tax provision is as follows:

	For the Year Ended December 31,
	2013			2012			2011
	(In thousands)
U.S. federal tax at 35%	$	43,396		$	18,939		$	32,559
State taxes, net of federal benefit	1,124			1,126			1,451
Foreign income taxed at different rates	(17,814		)	(14,717		)	(22,507		)
Foreign exchange gain (loss)	844			12,329			(5,966		)
Change in valuation allowance	(32,415		)	(3,112		)	(8,672		)
Adjustments related to prior years	2,727			(2,464		)	3,582
Income tax credits generated	(2,622		)	(1,370		)	(466		)
Repatriation of foreign earnings and profits	6,499			3,240			3,388
Expiration of capital loss carryforward	15,555			—			—
Equity in earnings of J-Devices	—			2,404			3,047
Acquisition expenses	1,381			—			—
Debt conversion costs	4,067			—			—
Other	(96		)	626			708
Total	$	22,646		$	17,001		$	7,124

Schedule of Deferred Tax Assets and Liabilities

The following is a summary of the components of our deferred tax assets and liabilities:

	December 31,
	2013			2012
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	147,905		$	155,270
Capital loss carryforwards	—			18,221
Income tax credits	27,751			31,665
Property, plant and equipment	14,390			283
Accrued liabilities	57,374			46,045
Unrealized foreign exchange loss	3,893			3,949
Other	15,137			19,252
Total deferred tax assets	266,450			274,685
Valuation allowance	(179,183		)	(209,757		)
Total deferred tax assets net of valuation allowance	87,267			64,928
Deferred tax liabilities:
Property, plant and equipment	21,716			3,263
Deferred gain	6,295			6,899
Other	1,967			13,031
Total deferred tax liabilities	29,978			23,193
Net deferred tax assets	$	57,289		$	41,735
Recognized as:
Other current assets	$	10,729		$	12,615
Other assets	47,609			40,047
Accrued expenses	(97		)	(800		)
Other non-current liabilities	(952		)	(10,127		)
Total	$	57,289		$	41,735

Summary of Operating Loss Carryforwards

Our net operating loss carryforwards (“NOL’s”) are as follows:

	For the Year Ended December 31,
	2013		2012		Expiration
	(In thousands)
U.S. Federal NOL’s	$	342,770	$	363,913	2021-2033
U.S. State NOL’s	197,618		210,539		2014-2031
Foreign NOL’s	38,337		56,393		2014-2022

Summary of Income Tax Examinations

Summarized below are the years subject to examination for our largest subsidiaries.

Jurisdiction	Years
United States	2010-2013
Korea	2008-2013
Philippines	2010-2013
Japan	2008-2013
China	2008-2013
Singapore	2009-2013
Malaysia	2007-2013
Taiwan	2010-2013

Schedule of Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending gross amount of unrecognized tax benefits is as follows:

	For the Year Ended December 31,
	2013			2012			2011
	(In thousands)
Balance at January 1	$	8,218		$	7,930		$	10,503
Additions based on tax positions related to the current year	17,752			5,551			24
Additions for tax positions of prior years	2,723			54			699
Reductions for tax positions of prior years	(108		)	(4,091		)	(2,248		)
Reductions related to settlements with tax authorities	(1,353		)	(1,226		)	(991		)
Reductions from lapse of statutes of limitations	(104		)	—			(57		)
Balance at December 31	$	27,128		$	8,218		$	7,930