Income Taxes (Tables)

3 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Schedule Of Effective Income Tax Rate For Continuing Operations

The significant differences between the U.S. federal statutory rate and the effective income tax rate for the three months ended March 31, 2021 and 2020 are as follows:

(In thousands, except percentages)	2021				2020
Three Months Ended March 31,	Amount		%		Amount		%
Income tax (benefit) expense at federal statutory rate	$	2,670	21.0	%	$	(5,647)	21.0	%
Foreign rate differences	982		7.7	%	1,027		(3.8)	%
U.S. Tax on Foreign Branch Income	508		4.0	%	702		(2.6)	%
State taxes, net of federal income tax benefit	239		1.9	%	(307)		1.1	%
Stock-based compensation	191		1.5	%	251		(0.9)	%
Non-deductible expenses	155		1.2	%	190		(0.7)	%
Valuation allowance for capital loss carry-forwards	35		0.3	%	40		(0.1)	%
Changes in estimates related to prior year tax provision	—		—	%	(601)		2.2	%
Tax impact of dividend received	(33)		(0.3)	%	—		—	%
Research and development tax credit	(182)		(1.4)	%	(205)		0.8	%
Foreign tax incentives	(1,468)		(11.5)	%	(1,676)		6.2	%
Income tax expense (benefit) at effective income tax rate	$	3,097	24.4	%	$	(6,226)	23.2	%