INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES

Schedule of income tax provision (benefit)

(in thousands)	2012			2011			2010
Current:
Domestic - Luxembourg	$	2,841		$	2,300		$	(1,031	)
Foreign - U.S. State	353			119			561
Foreign - Non U.S.	2,552			2,891			1,186
	$	5,746		$	5,310		$	716
Deferred:
Domestic - Luxembourg	$	388		$	(387	)	$	395
Foreign - U.S. Federal	2,419			3,216			(1,014		)
Foreign - U.S. State	(23		)	(22		)	(68		)
Foreign - Non U.S.	208			(174		)	(432		)
	2,992			2,633			(1,119		)
Total	$	8,738		$	7,943		$	(403	)

Summary of tax effects of the temporary differences

(in thousands)	2012			2011
Current deferred tax assets:
Allowance for doubtful accounts and other reserves	$	40		$	72
Accrued expenses	1,940			1,294
Current deferred tax liabilities:
Prepaid expenses	(205		)	(233		)
Current deferred tax asset, net:	$	1,775		$	1,133
Non-current deferred tax assets:
Net operating loss carryforwards	$	14,342		$	13,207
Non-U.S. deferred tax asset	895			1,479
Share-based compensation	956			533
Other	7			31
Non-current deferred tax liabilities:
Intangible assets	(6,869		)	(8,014		)
Depreciation	(2,845		)	(654		)
	6,486			6,582
Valuation allowance	(2,413		)	(2,209		)
Non-current deferred tax asset, net	4,073			4,373
Net deferred tax asset	$	5,848		$	5,506

Schedule of the reconciliation of income tax provision (benefit) to the Luxembourg statutory income tax rate

	2012		2011		2010
Statutory tax rate	28.80	%	28.80	%	28.60	%
Foreign rate differential	(23.30	)	(20.03	)	(23.71	)
Tax adjustment for retroactive ruling	—		—		(6.13	)
Change in valuation allowance	0.16		—		0.44
State tax expense	0.17		0.06		0.26
Other	1.18		0.42		(0.18	)
	7.01	%	9.25	%	(0.72	)%