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Note 13 - Income Taxes
9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
13. INCOME TAXES

The Company recognized $6,400 of tax benefits during the Successor Quarterly Period as a result of the expiration of statutes of limitations. An additional $2,100 of tax benefits may be recognized within the next 12 months.

The Company has historically provided deferred taxes under ASC 740-30-25, formerly APB 23, for the presumed repatriation to the United States earnings from several non-U.S. subsidiaries. The indefinite reversal criterion of ASC 740-30-25 allows the Company to overcome that presumption to the extent the earnings are indefinitely reinvested outside the United States.

In June 2014, the Company determined that approximately $23,700 of certain foreign subsidiaries’ undistributed net earnings would now be indefinitely reinvested in operations outside the United States. These earnings will provide the Company an opportunity to reinvest in the existing international business and provide funding for future acquisitions outside of the United States. As a result of the change in assertion, the Company reduced its deferred tax liabilities related to undistributed foreign earnings by $4,500 as a discrete item in the second quarter of 2014.

In addition, the other primary drivers of the difference between the statutory and effective tax rate for the Successor Nine Month Period was a benefit for the imposition of foreign taxes at different rates of ($8,000) and a decrease for the non-deductible portion of the fair value adjustment for the long term contingent liability of $6,200.

The difference between the statutory and effective tax rate for the Successor Quarterly Period was primarily attributable to ($6,400) for a release of reserves related to the expiration of statutes of limitations and for the imposition of foreign taxes at different rates ($3,500) offset by non-deductible transactional costs of $1,200.

The primary difference between the statutory and effective tax rate for the Predecessor Quarterly Period was a benefit of ($600) for the imposition of foreign taxes at different rates.

The primary difference between the statutory and effective tax rate for the Predecessor Nine Month Period was an increase for nondeductible expenses related to the retirement of bonds $6,600 and decrease for the imposition of foreign taxes at different rates of ($3,100).