Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
Income Taxes [Abstract] |
|
Schedule Of Income (Loss) Before Income Tax Expense |
(Dollars in thousands)
|
|
2016
|
|
2015(1)
|
|
2014(1)
|
United States
|
|
$
|
(1,886)
|
|
$
|
3,826
|
|
$
|
3,271
|
Foreign
|
|
|
14,324
|
|
|
23,149
|
|
|
12,067
|
Income before income taxes and equity earnings of unconsolidated joint ventures
|
|
$
|
12,438
|
|
$
|
26,975
|
|
$
|
15,338
|
Equity earnings of unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
United States
|
|
|
--
|
|
|
--
|
|
|
--
|
Foreign
|
|
|
999
|
|
|
1,204
|
|
|
1,015
|
Income before income taxes
|
|
$
|
13,437
|
|
$
|
28,179
|
|
$
|
16,353
|
(1) 2015 and 2014 balances included the restatement impact as a result of a change in accounting principle (see Note 2 – Summary of Significant Accounting Policies – Accounting Changes).
|
Schedule Of Significant Components Of Provision For Income Taxe |
(Dollars in thousands)
|
|
2016
|
|
2015(1)
|
|
2014(1)
|
Current income tax expense
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$
|
2,982
|
|
$
|
481
|
|
$
|
827
|
State
|
|
|
675
|
|
|
516
|
|
|
511
|
Foreign
|
|
|
4,685
|
|
|
3,120
|
|
|
1,251
|
Total
|
|
|
8,342
|
|
|
4,117
|
|
|
2,589
|
Deferred income tax expense (benefit)
|
|
|
|
|
|
|
|
|
|
Federal
|
|
|
(4,197)
|
|
|
612
|
|
|
(13,611)
|
State
|
|
|
(422)
|
|
|
(940)
|
|
|
(1,104)
|
Foreign
|
|
|
297
|
|
|
1,359
|
|
|
3,201
|
Total
|
|
|
(4,322)
|
|
|
1,031
|
|
|
(11,514)
|
Total income tax expense (benefit)
|
|
$
|
4,020
|
|
$
|
5,148
|
|
$
|
(8,925)
|
(1) 2015 and 2014 balances included the restatement impact as a result of a change in accounting principle (see Note 2 – Summary of Significant Accounting Policies – Accounting Changes).
|
Schedule Of Components Of Deferred Tax Assets And Liabilities |
(Dollars in thousands)
|
|
December 31, 2016
|
|
December 31, 2015(1)
|
Deferred Tax Assets:
|
|
|
|
|
|
|
Net operating loss carry-forwards
|
|
$
|
11,940
|
|
$
|
13,286
|
Alternative minimum tax credit carry-forwards
|
|
|
1,690
|
|
|
540
|
Compensation and employee benefits
|
|
|
6,221
|
|
|
5,531
|
Deferred revenue
|
|
|
5,486
|
|
|
6,592
|
Accrued expenses
|
|
|
7,134
|
|
|
7,971
|
Accrued taxes
|
|
|
3,381
|
|
|
3,285
|
Land and property
|
|
|
12,857
|
|
|
11,264
|
Other
|
|
|
995
|
|
|
1,058
|
Total Deferred Tax Assets
|
|
|
49,704
|
|
|
49,527
|
Deferred Tax Liabilities:
|
|
|
|
|
|
|
Intangibles
|
|
|
(1,482)
|
|
|
(2,321)
|
Cancellation of indebtedness
|
|
|
(1,559)
|
|
|
(2,396)
|
Notes receivable
|
|
|
(7,403)
|
|
|
(8,696)
|
Total Deferred Tax Liabilities
|
|
|
(10,444)
|
|
|
(13,413)
|
Net deferred tax assets before valuation allowance
|
|
|
39,260
|
|
|
36,114
|
Valuation allowance
|
|
|
(10,593)
|
|
|
(11,530)
|
Net deferred tax asset
|
|
$
|
28,667
|
|
$
|
24,584
|
(1) December 31, 2015 balances included the restatement impact as a result of a change in accounting principle (see Note 2 – Summary of Significant Accounting Policies – Accounting Changes)
|
Schedule Of Income Tax Reconciliation Items |
(Dollars in thousands)
|
|
2016
|
|
2015(1)
|
|
2014(1)
|
Expected tax provision
|
|
$
|
4,566
|
|
$
|
9,581
|
|
$
|
5,739
|
Increase (decrease) in tax expense resulting from:
|
|
|
|
|
|
|
|
|
|
Foreign tax rate differential
|
|
|
(648)
|
|
|
(654)
|
|
|
1,252
|
Change in valuation allowance
|
|
|
129
|
|
|
1,531
|
|
|
(16,580)
|
Indefinite reinvestment assertion
|
|
|
--
|
|
|
(3,089)
|
|
|
--
|
State and local tax provision
|
|
|
307
|
|
|
1,133
|
|
|
461
|
State rate and law change
|
|
|
--
|
|
|
(3,635)
|
|
|
--
|
Prior year adjustments
|
|
|
(954)
|
|
|
(514)
|
|
|
--
|
Unrecognized tax benefits
|
|
|
262
|
|
|
946
|
|
|
700
|
Other
|
|
|
358
|
|
|
(151)
|
|
|
(497)
|
Actual tax provision (benefit)
|
|
$
|
4,020
|
|
$
|
5,148
|
|
$
|
(8,925)
|
(1) 2015 and 2014 balances included the restatement impact as a result of a change in accounting principle (see Note 2 – Summary of Significant Accounting Policies – Accounting Changes)
|
Summary Of The Activity Related To Unrecognized Tax Benefits |
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
2016
|
|
2015
|
|
2014
|
Unrecognized tax benefits – gross beginning balance
|
|
$
|
11,022
|
|
$
|
3,760
|
|
$
|
2,160
|
Gross increases – prior period tax provisions
|
|
|
133
|
|
|
6,679
|
|
|
1,600
|
Gross increases – current period tax positions
|
|
|
325
|
|
|
583
|
|
|
--
|
Unrecognized tax benefits – gross ending balance
|
|
$
|
11,480
|
|
$
|
11,022
|
|
$
|
3,760
|
|