Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015			2014		2013
	(In thousands)
United States	$	(39,684	)	$	16,571	$	(36,829	)
Foreign	107,219			119,507		160,816
Total income before income taxes	$	67,535		$	136,078	$	123,987

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,
	2015			2014			2013
	(In thousands)
Current
Federal	$	—		$	—		$	—
State	11			(46		)	—
Foreign	28,721			51,081			30,902
	28,732			51,035			30,902
Deferred
Federal	—			—			(8,556		)
State	—			—			9
Foreign	(697		)	(17,190		)	291
	(697		)	(17,190		)	(8,256		)
Total provision	$	28,035		$	33,845		$	22,646

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,
	2015			2014			2013
	(In thousands)
U.S. federal tax at 35%	$	23,637		$	47,627		$	43,396
State taxes, net of federal benefit	2,622			1,940			1,124
Foreign income taxed at different rates	(11,756		)	6,579			(17,814		)
Foreign exchange (loss) gain	(5,680		)	(17,321		)	844
Change in valuation allowance	18,259			(13,527		)	(32,415		)
Adjustments related to prior years	(912		)	3,643			2,727
Income tax credits generated	(1,919		)	(2,557		)	(2,622		)
Repatriation of foreign earnings and profits	91			3,958			6,499
Expiration of capital loss carryforward	—			—			15,555
Expiration of net operating losses	74			2,534			—
Non-deductible loss on acquisition of J-Devices (Note 3)	4,857			—			—
Debt conversion costs	—			—			4,067
Other	(1,238		)	969			1,285
Total	$	28,035		$	33,845		$	22,646

Schedule of Deferred Tax Assets and Liabilities

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

	December 31,
	2015			2014
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	147,056		$	120,639
Income tax credits	27,212			24,754
Property, plant and equipment	21,921			19,796
Accrued liabilities	62,016			76,682
Unrealized foreign exchange loss	869			4,947
Other	16,659			12,963
Total deferred tax assets	275,733			259,781
Valuation allowance	(168,105		)	(149,847		)
Total deferred tax assets net of valuation allowance	107,628			109,934
Deferred tax liabilities:
Property, plant and equipment	31,345			27,921
Deferred gain	3,716			5,036
Other	6,713			2,844
Total deferred tax liabilities	41,774			35,801
Net deferred tax assets	$	65,854		$	74,133
Recognized as:
Other current assets	$	—		$	21,864
Other assets	70,784			54,950
Accrued expenses	—			(1,092		)
Other non-current liabilities	(4,930		)	(1,589		)
Total	$	65,854		$	74,133

Summary of Operating Loss Carryforwards

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

	For the Year Ended December 31,
	2015		2014		Expiration
	(In thousands)
U.S. Federal NOL’s	$	363,648	$	317,841	2021-2035
U.S. State NOL’s	182,420		173,756		2016-2035
Foreign NOL’s	64,999		4,962		2017-2025

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,
	2015			2014			2013
	(In thousands)
Balance at January 1	$	12,670		$	27,128		$	8,218
Additions based on tax positions related to the current year	2,341			6,032			17,752
Additions for tax positions of prior years	3,341			1,240			2,723
Reductions for tax positions of prior years	(4,815		)	(15,433		)	(108		)
Reductions related to settlements with tax authorities	—			(6,297		)	(1,353		)
Reductions from lapse of statutes of limitations	(591		)	—			(104		)
Balance at December 31	$	12,946		$	12,670		$	27,128