Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

For financial reporting purposes, income before taxes includes the following components (in thousands):

	Years ended December 31,
	2015			2014			2013
Domestic	$	(4,874	)	$	(3,575	)	$	(4,212	)
Foreign	5,380			9,446			9,955
	$	506		$	5,871		$	5,743

Schedule of Components of Income Tax Expense (Benefit)

The expense (benefit) for income taxes is comprised of (in thousands):

	Years ended December 31,
	2015			2014			2013
Current:
Federal	$	492		$	1,934		$	127
State and local	(12		)	36			164
Foreign	3,007			4,205			3,181
	3,487			6,175			3,472
Deferred:
Federal	10,039			(3,376		)	586
State and local	630			(46		)	(35		)
Foreign	(656		)	(140		)	(2,772		)
	10,013			(3,562		)	(2,221		)
Total income tax expense	$	13,500		$	2,613		$	1,251

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense (benefit) at the U.S. federal statutory income tax rate to the actual income tax provision is as follows (in thousands):

	Years ended December 31,
	2015			2014			2013
Tax at statutory rate	$	177		$	2,055		$	2,010
State income taxes, net of U.S. federal tax benefit	383			(10		)	83
Effect of foreign operations	803			(1,026		)	(1,657		)
Residual U.S. tax on foreign earnings	—			2,426			(190		)
Change in valuation allowance	12,309			(1,361		)	2,113
Change in unrecognized tax benefits, net	12			273			150
Impairment of goodwill and indefinite-lived intangibles	360			303			—
Specialty tax credits	(216		)	(362		)	(341		)
Statutory rate changes	114			(166		)	(1,324		)
Other	(442		)	481			407
Total income tax expense	$	13,500		$	2,613		$	1,251

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

	December 31,
	2015			2014
Deferred tax assets:
Pension and other postretirement costs	$	4,843		$	5,093
Inventories	2,275			2,286
Net operating/capital loss carryforwards	9,482			7,362
Tax credit carryforwards	4,712			4,550
Deferred compensation	2,392			2,055
Other accruals and reserves	3,480			3,704
Intangible assets, including tax deductible goodwill	784			—
Total gross deferred tax assets	27,968			25,050
Less: valuation allowance	(19,144		)	(5,768		)
	8,824			19,282
Deferred tax liabilities:
Tax over book depreciation	(255		)	(508		)
Intangible assets, including tax deductible goodwill	—			(166		)
Total gross deferred tax liabilities	(255		)	(674		)
Net deferred tax assets	$	8,569		$	18,608

Summary of Operating Loss Carryforwards

The following table summarizes significant net operating losses and credit carryforwards as of December 31, 2015(in thousands):

	December 31,
Jurisdiction	2015		Expiring
U.S. federal net operating losses	$	4,826	2035
U.S. foreign tax credit	4,411		2020-2024
U.S state net operating losses	50,038		2023-2035
Israel net operating losses	17,835		No expiration

Summary of Valuation Allowance

	December 31,
Jurisdiction	2015		2014
U.S. federal	$	12,454	$	365
U.S. state (net of U.S. federal tax benefit)	4,206		3,034
Israel - capital losses	1,783		1,799

Summary of Income Tax Contingencies

The following table summarizes changes in the Company's gross liabilities, excluding interest and penalties, associated with unrecognized tax benefits (in thousands):

	December 31,
	2015			2014			2013
Balance at beginning of year	$	1,704		$	1,373		$	1,203
Addition based on tax positions related to current year	109			238			132
Addition based on tax positions related to prior years	13			249			78
Currency translation adjustments	(29		)	(100		)	38
Reduction for payments made	(241		)	—			—
Reduction for lapses of statute of limitations	(50		)	(56		)	(78		)
Balance before indemnification receivable	1,506			1,704			1,373
Receivable from Vishay Intertechnology for indemnification	(107		)	(281		)	(350		)
Balance at end of year	$	1,399		$	1,423		$	1,023