Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Earnings Before Income Taxes

Earnings before income taxes consist of the following for the years ended December 31:

	2015			2014		2013
U.S.	$	(141	)	$	19,205	$	(5,396	)
Non-U.S.	12,402			20,143		23,459
Total	$	12,261		$	39,348	$	18,063

Significant Components of Income Tax Provision/(Benefit)

Significant components of income tax provision/(benefit) are as follows for the years ended December 31:

	2015			2014		2013
Current:
U.S.	$	329		$	945	$	1,332
Non-U.S.	12,482			6,981		4,804
Total Current	12,811			7,926		6,136
Deferred:
U.S.	(15,795		)	3,590		7,968
Non-U.S.	8,291			1,310		1,962
Total Deferred	(7,504		)	4,900		9,930
Total provision for income taxes	$	5,307		$	12,826	$	16,066

Significant Components of Deferred Tax Assets and Liabilities

Significant components of the CTS' deferred tax assets and liabilities at December 31:

	2015			2014
Post-retirement benefits	$	1,837		$	1,953
Inventory reserves	1,797			1,567
Loss carry-forwards	9,387			23,095
Credit carry-forwards	35,082			16,903
Nondeductible accruals	12,406			6,336
Research expenditures	30,465			30,088
Equity compensation	2,070			1,610
Foreign exchange loss	2,522			1,009
Other	1,231			2,537
Gross deferred tax assets	96,797			85,098
Depreciation	9,814			11,073
Pensions	11,868			9,462
Subsidiaries' unremitted earnings	7,461			—
Gross deferred tax liabilities	29,143			20,535
Net deferred tax assets	67,654			64,563
Deferred tax asset valuation allowance	(10,266		)	(12,938		)
Total net deferred tax assets	$	57,388		$	51,625

Schedule of current and long-term deferred tax assets and current and long-term deferred tax liabilities

The current and long-term deferred tax assets and current and long-term deferred tax liabilities as of December 31:

	2015			2014
Current deferred tax assets	$	6,025		$	8,708
Current deferred tax liabilities	(6,731		)	(8		)
Total current deferred tax assets	(706		)	8,700
Non-current deferred tax assets	58,544			43,120
Non-current deferred tax liabilities	(450		)	(195		)
Total non-current deferred tax assets	58,094			42,925
Total net deferred tax assets	$	57,388		$	51,625

Reconciliation of Effective Income Taxes Rate

The following table reconciles taxes at the United States statutory rate to the effective income tax rate from continuing operations for the years ended December 31:

	2015		2014		2013
Taxes at the U.S. statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal income tax benefit	(0.1	)%	0.7	%	1.0	%
Non-U.S. income taxed at rates different than the U.S. statutory rate	(16.7	)%	(7.6	)%	(9.9	)%
Foreign source income, net of associated foreign tax credits	6.9	%	3.5	%	60.9	%
Benefit of tax credits	(4.6	)%	(1.3	)%	(3.9	)%
Non-deductible expenses	1.3	%	2.8	%	(2.4	)%
Adjustment to valuation allowances	37.8	%	(0.4	)%	8.2	%
Benefit from prior period foreign tax credits	(133.0	)%	—	%	—	%
Change in unrecognized tax benefits	59.5	%	—	%	0.7	%
Impacts of unremitted foreign earnings	60.8	%	—	%	—	%
Other	(3.6	)%	(0.1	)%	(0.6	)%
Effective income tax rate	43.3	%	32.6	%	89.0	%

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending unrecognized tax benefits is provided below:

	2015			2014
Balance at January 1	$	3,890		$	4,043
Increase related to current year tax positions	1,406			40
Increase related to prior year tax positions	5,728			5
Decrease as a result of lapse of statute of limitations	(16		)	(114		)
Decrease related to settlements with taxing authorities	—			(14		)
Other decrease	—			(70		)
Balance at December 31	$	11,008		$	3,890