INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of income before income taxes and non-controlling interests consist of the following for the year ended December 31:

(in thousands)	2014		2013		2012
Domestic - Luxembourg	$	124,181	$	122,722	$	107,498
Foreign - U.S.	9,575		11,125		4,915
Foreign - Non-U.S.	13,509		8,486		12,236
Total	$	147,265	$	142,333	$	124,649

Schedule of income tax provision

The income tax provision consists of the following for the years ended December 31:

(in thousands)	2014			2013			2012
Current:
Domestic - Luxembourg	$	4,415		$	2,516		$	2,841
Foreign - U.S. Federal	75			6			—
Foreign - U.S. State	476			403			353
Foreign - Non-U.S.	4,046			3,600			2,552
	$	9,012		$	6,525		$	5,746
Deferred:
Domestic - Luxembourg	$	—		$	—		$	388
Foreign - U.S. Federal	1,756			2,506			2,419
Foreign - U.S. State	(281		)	84			(23		)
Foreign - Non-U.S.	(309		)	(575		)	208
	$	1,166		$	2,015		$	2,992
Total	$	10,178		$	8,540		$	8,738

Summary of tax effects of the temporary differences

A summary of the tax effects of the temporary differences is as follows for the years ended December 31:

(in thousands)	2014			2013
Current deferred tax assets:
Allowance for doubtful accounts and other reserves	$	72		$	43
Accrued expenses	5,165			3,183
Current deferred tax liabilities:
Prepaid expenses	(250		)	(389		)
Current deferred tax assets, net	$	4,987		$	2,837
Non-current deferred tax assets:
Net operating loss carryforwards	$	13,940		$	12,439
U.S. federal and state tax credits	1,202			—
Non-U.S. deferred tax assets	1,780			1,471
Share-based compensation	856			784
Other	—			7
Non-current deferred tax liabilities:
Intangible assets	(5,302		)	(6,035		)
Depreciation	(11,878		)	(4,855		)
Other	(177		)	—
	421			3,811
Valuation allowance	(3,115		)	(3,189		)
Non-current deferred tax assets, net	$	—		$	622
Non-current deferred tax liabilities, net	$	(2,694	)	$	—
Net deferred tax assets	$	2,293		$	3,459
Total deferred tax assets	$	19,900		$	14,738
Total deferred tax liabilities	$	(17,607	)	$	(11,279	)

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

The following table reconciles the income tax provision to the Luxembourg statutory income tax rate for the years ended December 31:

	2014		2013		2012
Statutory tax rate	29.22	%	29.22	%	28.80	%
Permanent difference related to Luxembourg intangible assets	(22.60	)	(23.59	)	(21.99	)
Change in valuation allowance	(0.05	)	0.76		0.16
State tax expense	0.03		0.24		0.17
Tax credits	(0.71	)	—		—
Uncertain taxes	0.88		—		—
Other	0.14		(0.63	)	(0.13	)
Effective tax rate	6.91	%	6.00	%	7.01	%

Summary of Income Tax Contingencies

The following table reconciles the amount of unrecognized tax benefits for the year ended December 31, 2014 (no comparative amounts for 2013):

(in thousands)	2014
Amount of unrecognized tax benefits as of the beginning of the year	$	—
Increases as a result of tax positions taken in a prior period	1,153
Amount of unrecognized tax benefit as of the end of the year	$	1,153