Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Schedule Of Components Of Income Tax Expense Benefit

Income (loss) before income taxes	2014		2013			2012

U.S.	$	392	$	(12,936	)	$	(24,411	)
Foreign		85,600		51,521			55,218
Total	$	85,992	$	38,585		$	30,807

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

	2014			2013			2012
Current tax provision (benefit)
Federal	$	285		$	1,315		$	1,424
Foreign		21,783			9,270			10,756
State		44			(187	)		142
		22,112			10,398			12,322
Deferred tax provision (benefit)
Federal		2,996			(1,531	)		(8,784	)
Foreign		(4,244	)		(2,197	)		(3,247	)
State		51			9			317
		(1,197	)		(3,719	)		(11,714	)
Liability for unrecognized tax benefits		(556	)		7,802			4,217
Total income tax provision	$	20,359		$	14,481		$	4,825

Schedule Of Effective Income Tax Rate Reconciliation

Reconciliation between the effective tax rate and the statutory tax rates for the years ended December 31, 2014, 2013, and 2012 is as follows:

	2014						2013						2012

				Percent						Percent						Percent
				of pretax						of pretax						of pretax
	Amount			earnings			Amount			earnings			Amount			earnings
Federal tax	$	30,097			35.0		$	13,501			35.0		$	10,783			35.0
State income taxes, net of federal tax provision		18			0.0			29			0.1			213			0.7
Foreign income taxed at lower tax rates		(9,421	)		(11.0	)		(8,363	)		(21.7	)		(15,515	)		(50.4	)
U.S. tax impact of foreign operations		365			0.4			608			1.6			3,631			11.8
Foreign withholding taxes (1)		3,694			4.3			866			2.2			-			-
Goodwill impairment		-			-			904			2.3			-			-
Research and development		(2,666	)		(3.1	)		(2,294	)		(5.9	)		-			-
Liability for unrecognized tax benefits		(556	)		(0.6	)		7,802			20.2			4,217			13.7
Provision-to-return adjustments		(1,925	)		(2.2	)		554			1.4			(102	)		(0.3	)
Other		753			0.9			874			2.3			1,598			5.2
Income tax provision	$	20,359			23.7		$	14,481			37.5		$	4,825			15.7

(1)	Certain Items have been reclassified for 2012 and 2013 for consistency in presentation with 2014.

Summary Of Positions For Which Significant Change In Unrecognized Tax Benefits Is Reasonably Possible

In accordance with the provisions related to accounting for uncertainty in income taxes, we recognize the benefit of a tax position if the position is “more likely than not” to prevail upon examination by the relevant tax authority. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2014			2013			2012
Balance at January 1,	$	20,710		$	14,591		$	10,177
Additions based on tax positions related to the current year		2,729			3,659			1,593
Additions for prior years tax positions		424			10,206			3,945
Reductions for prior years tax positions		(4,375	)		(7,746	)		(1,124	)
Balance at December 31,	$	19,488		$	20,710		$	14,591

Schedule Of Deferred Tax Assets And Liabilities

At December 31, 2014 and 2013, our deferred tax assets and liabilities are comprised of the following items:

	2014			2013
Deferred tax assets, current
Inventory cost	$	6,878		$	6,113
Accrued expenses and accounts receivable		2,042			2,422
Share based compensation and others		2,375			1,978
Total deferred tax assets, current	$	11,295		$	10,513

Deferred tax assets, non-current
Foreign tax credits	$	19,806		$	20,911
Research and development tax credits		6,034			5,460
Net operating loss carryforwards		14,706			13,130
Accrued pension		22,283			17,110
Share based compensation and others		18,280			18,371
		81,109			74,982
Valuation allowances		(41,163	)		(35,908	)
Total deferred tax assets, non-current		39,946			39,074

Deferred tax liabilities, non-current
Plant, equipment and intangible assets		(3,334	)		(10,837	)
Total deferred tax liabilities, non-current		(3,334	)		(10,837	)

Net deferred tax assets, non-current	$	36,612		$	28,237