Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Components of Income Tax Expense (Benefit)

Income (loss) before income taxes	2015			2014		2013
U.S.	$	(21,091	)	$	392	$	(12,936	)
Foreign		61,686			85,600		51,521
Total	$	40,595		$	85,992	$	38,585

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

	2015			2014			2013
Current tax provision (benefit)
Federal	$	12		$	285		$	1,315
Foreign		17,983			21,783			9,270
State		29			44			(187	)
		18,024			22,112			10,398
Deferred tax provision (benefit)
Federal		(2,739	)		2,996			(1,531	)
Foreign		(1,063	)		(4,244	)		(2,197	)
State		(228	)		51			9
		(4,030	)		(1,197	)		(3,719	)
Liability for unrecognized tax benefits		88			(556	)		7,802
Total income tax provision	$	14,082		$	20,359		$	14,481

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation between the effective tax rate and the statutory tax rates for the years ended December 31, 2015, 2014, and 2013 is as follows:

	2015						2014						2013
				Percent						Percent						Percent
				of pretax						of pretax						of pretax
	Amount			earnings			Amount			earnings			Amount			earnings
Federal tax	$	14,214			35.0		$	30,097			35.0		$	13,501			35.0
State income taxes, net of federal tax provision		(152	)		(0.4	)		18			-			29			0.1
Foreign income taxed at lower tax rates		(10,126	)		(24.9	)		(9,421	)		(11.0	)		(8,363	)		(21.7	)
U.S. tax impact of foreign operations		2,046			5.0			365			0.4			608			1.6
Foreign withholding taxes		2,268			5.6			3,694			4.3			866			2.2
Goodwill impairment		-			-			-			-			904			2.3
Research and development		(2,068	)		(5.1	)		(2,666	)		(3.1	)		(2,294	)		(5.9	)
Liability for unrecognized tax benefits		88			0.2			(556	)		(0.6	)		7,802			20.2
Valuation allowance		3,580			8.8			876			1.0			868			2.3
Provision-to-return adjustments		994			2.4			(1,925	)		(2.2	)		554			1.4
Other		3,238			8.1			(123	)		(0.1	)		6			-
Income tax provision	$	14,082			34.7		$	20,359			23.7		$	14,481			37.5

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:

	2015			2014			2013
Balance at January 1,	$	19,488		$	20,710		$	14,591
Additions based on tax positions related to the current year		3,450			2,729			3,659
Additions for prior year tax positions		6,963			424			10,206
Reductions for prior year tax positions		(3,398	)		(4,375	)		(7,746	)
Balance at December 31,	$	26,503		$	19,488		$	20,710

Schedule of Deferred Tax Assets and Liabilities

At December 31, 2015 and 2014, our deferred tax assets and liabilities are comprised of the following items:

	2015			2014
Deferred tax assets
Inventory cost	$	7,944		$	6,878
Accrued expenses and accounts receivable		2,206			2,042
Foreign tax credits		20,133			19,806
Research and development tax credits		12,306			6,034
Net operating loss carryforwards		25,878			14,706
Accrued pension		7,169			22,283
Share based compensation and others		18,238			20,655
		93,874			92,404
Valuation allowances		(35,738	)		(41,163	)
Total deferred tax assets, non-current		58,136			51,241
Deferred tax liabilities
Plant, equipment and intangible assets		(39,722	)		(3,334	)
Total deferred tax liabilities, non-current		(39,722	)		(3,334	)
Net deferred tax assets	$	18,414		$	47,907