UNDISTRIBUTED EARNINGS OF THE COMPANY'S FOREIGN SUBSIDIARIES

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

UNDISTRIBUTED EARNINGS OF THE COMPANY'S FOREIGN SUBSIDIARIES

NOTE 12: UNDISTRIBUTED EARNINGS OF THE COMPANY’S FOREIGN SUBSIDIARIES

The Company does not have a provision for U.S. Federal income taxes on the undistributed earnings of its international subsidiaries because such earnings are considered to be indefinitely reinvested. It would recognize a deferred income tax liability if it was determined that such earnings are no longer indefinitely reinvested. At September 30, 2016, undistributed earnings of the Company’s foreign subsidiaries amounted to approximately $138,340. The determination of the amount of additional taxes related to the distribution of these earnings is not practicable.