Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Provision (benefit) for income taxes

The total provision (benefit) was allocated to the following components of income (loss):

	Year Ended December 31,
(In thousands)	2019		2018		2017
Income (loss) from continuing operations	$	9,788	$	14,997	$	4,893
Loss from discontinued operations	—		—		(4,616		)
Total provision for income taxes	$	9,788	$	14,997	$	277

The provision (benefit) for income taxes related to continuing operations was as follows:

	Year Ended December 31,
(In thousands)	2019			2018			2017
Current:
U.S. Federal	$	1,892		$	805		$	(236	)
State	706			1,384			561
Foreign	11,440			12,572			10,301
Total current	14,038			14,761			10,626
Deferred:
U.S. Federal	(2,926		)	(331		)	(3,848		)
State	1,181			66			(796		)
Foreign	(2,505		)	501			(1,089		)
Total deferred	(4,250		)	236			(5,733		)
Total provision for income taxes	$	9,788		$	14,997		$	4,893

Income (loss) from continuing operations before income taxes

Income (loss) from continuing operations before income taxes was as follows:

	Year Ended December 31,
(In thousands)	2019			2018		2017
U.S.	$	(15,270	)	$	4,084	$	(27,282	)
Foreign	12,112			43,194		43,394
Income (loss) from continuing operations before income taxes	$	(3,158	)	$	47,278	$	16,112

Effective income tax rate

The effective income tax rate for continuing operations is reconciled to the statutory federal income tax rate as follows:

	Year Ended December 31,
(In thousands)	2019			2018			2017
Income tax expense (benefit) at federal statutory rate	$	(663	)	$	9,929		$	5,639
Nondeductible executive compensation	756			1,165			768
Nondeductible goodwill impairment	2,401			—			—
Other nondeductible expenses	1,506			1,216			1,368
Stock-based compensation	(248		)	(786		)	472
Different rates on earnings of foreign operations	463			912			(2,139		)
Dividend taxes on unremitted earnings	1,609			3,023			1,506
U.S. tax on foreign earnings	1,215			333			—
Change in valuation allowance	1,272			(790		)	240
State tax expense (benefit), net	430			1,298			(283		)
Net impact of Tax Act	—			(1,613		)	(3,387		)
Other items, net	1,047			310			709
Total provision for income taxes	$	9,788		$	14,997		$	4,893

Schedule of deferred tax assets and liabilities

tax income.

Temporary differences and carryforwards which give rise to deferred tax assets and liabilities consisted of the following at December 31:

(In thousands)	2019			2018
Deferred tax assets:
Net operating losses	$	14,205		$	14,054
Foreign tax credits	5,651			7,304
Accruals not currently deductible	4,928			3,209
Unrealized foreign exchange losses, net	3,837			3,575
Stock-based compensation	3,380			3,266
Capitalized inventory costs	1,611			1,972
Alternative minimum tax carryforwards	369			2,198
Other	6,709			6,631
Total deferred tax assets	40,690			42,209
Valuation allowance	(23,962		)	(23,842		)
Total deferred tax assets, net of allowances	16,728			18,367
Deferred tax liabilities:
Accelerated depreciation and amortization	(28,703		)	(29,656		)
Tax on unremitted earnings	(13,645		)	(16,174		)
Original issue discount on 2021 Convertible Notes	(2,311		)	(3,347		)
Other	(2,716		)	(2,160		)
Total deferred tax liabilities	(47,375		)	(51,337		)
Total net deferred tax liabilities	$	(30,647	)	$	(32,970	)
Noncurrent deferred tax assets	$	3,600		$	4,516
Noncurrent deferred tax liabilities	(34,247		)	(37,486		)
Net deferred tax liabilities	$	(30,647	)	$	(32,970	)

Income tax contingencies

A reconciliation of the beginning and ending provision for uncertain tax positions is as follows: 

(In thousands)	2019		2018			2017
Balance at January 1	$	223	$	257		$	665
Additions (reductions) for tax positions of prior years	68		(3		)	(399		)
Additions (reductions) for tax positions of current year	—		—			—
Reductions for settlements with tax authorities	—		—			—
Reductions for lapse of statute of limitations	—		(31		)	(9		)
Balance at December 31	$	291	$	223		$	257