Income Tax (Tables)

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) for the three and nine months ended September 30, 2014 and 2013 consisted of the following:

	Three months ended September 30,						Nine months ended September 30,
(Dollar amounts in thousands)	2014			2013			2014			2013
Current tax provision	$	2,138		$	1,830		$	6,691		$	3,120
Deferred tax benefit		(1,056	)		(472	)		(1,486	)		(6,723	)
Income tax expense (benefit)	$	1,082		$	1,358		$	5,205		$	(3,603	)

Segregation of Income Tax Expense (Benefit) Based on Location of Operations

The following table presents the components of income tax expense (benefit) for the three and nine months ended September 30, 2014 and 2013 and its segregation based on location of operations:

	Three months ended September 30,						Nine months ended September 30,
(Dollar amounts in thousands)	2014			2013			2014			2013
Current tax provision (benefit)
Puerto Rico	$	1,687		$	1,456		$	3,047		$	1,712
United States		(923	)		24			(508	)		453
Foreign countries		1,374			350			4,152			955
Total currrent tax provision (benefit)	$	2,138		$	1,830		$	6,691		$	3,120
Deferred tax benefit
Puerto Rico	$	(518	)	$	(422	)	$	314		$	(6,378	)
United States		(138	)		(1	)		(141	)		(3	)
Foreign countries		(400	)		(49	)		(1,659	)		(342	)
Total deferred tax benefit	$	(1,056	)	$	(472	)	$	(1,486	)	$	(6,723	)