INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES

Schedule of income tax provision

(in thousands)	2013			2012			2011
Current:
Domestic - Luxembourg	$	2,516		$	2,841		$	2,300
Foreign - U.S. Federal	6			—			—
Foreign - U.S. State	403			353			119
Foreign - Non U.S.	3,600			2,552			2,891
	$	6,525		$	5,746		$	5,310
Deferred:
Domestic - Luxembourg	$	—		$	388		$	(387	)
Foreign - U.S. Federal	2,506			2,419			3,216
Foreign - U.S. State	84			(23		)	(22		)
Foreign - Non U.S.	(575		)	208			(174		)
	2,015			2,992			2,633
Total	$	8,540		$	8,738		$	7,943

Summary of tax effects of the temporary differences

(in thousands)	2013			2012
Current deferred tax assets:
Allowance for doubtful accounts and other reserves	$	43		$	40
Accrued expenses	3,183			1,940
Current deferred tax liabilities:
Prepaid expenses	(389		)	(205		)
Current deferred tax assets, net	$	2,837		$	1,775
Non-current deferred tax assets:
Net operating loss carryforwards	$	12,439		$	14,342
Non-U.S. deferred tax assets	1,471			895
Share-based compensation	784			956
Other	7			7
Non-current deferred tax liabilities:
Intangible assets	(6,035		)	(6,869		)
Depreciation	(4,855		)	(2,845		)
	3,811			6,486
Valuation allowance	(3,189		)	(2,413		)
Non-current deferred tax assets, net	$	622		$	4,073
Net deferred tax assets	$	3,459		$	5,848

Schedule of the reconciliation of income tax provision to the Luxembourg statutory income tax rate

	2013		2012		2011
Statutory tax rate	29.22	%	28.80	%	28.80	%
Foreign rate differential	(24.97	)	(23.30	)	(20.03	)
Change in valuation allowance	0.76		0.16		—
State tax expense	0.24		0.17		0.06
Other	0.75		1.18		0.42
	6.00	%	7.01	%	9.25	%