Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income (Loss) Before Provision (Benefit) for Income Taxes

Income (loss) before provision (benefit) for income taxes for the years ended December 31, 2014, 2013 and 2012 was as follows:

	Year ended December 31,
	2014			2013		2012
Income (loss) before provision (benefit) for income taxes:
United States	$	(9,341	)	$	8,259	$	7,385
Foreign		22,513			16,919		12,956
Total	$	13,172		$	25,178	$	20,341

Income Tax Expense (Benefit)

Total income tax expense (benefit) for the years ended December 31, 2014, 2013, and 2012 was as follows:

	Year ended December 31,
	2014			2013			2012
Current:
U.S. Federal	$	—		$	—		$	(115	)
State		37			179			345
Foreign		7,082			4,490			2,910
Total current expense	$	7,119			4,669			3,140
Deferred:
U.S. Federal	$	1,625		$	3,594		$	2,789
State		(382	)		145			12
U.S. deferred tax valuation allowance		(1,434	)		(818	)		(9,814	)
Foreign		(1,142	)		410			(54	)
Total deferred expense (benefit)		(1,333	)		3,331			(7,067	)
Total expense (benefit)	$	5,786		$	8,000		$	(3,927	)

Reconciliation of Income Taxes Based on U.S. Federal Statutory Rate

A reconciliation of income taxes based on the U.S. federal statutory rate of 34% for each of the years ended December 31, 2014, 2013 and 2012 is summarized as follows:

	Year ended December 31,
	2014			2013			2012
Income taxes at the federal statutory rate	$	4,478		$	8,561		$	6,916
Impact of incentive stock options		(145	)		261			371
Decrease in U.S. valuation allowance		(1,434	)		(818	)		(12,740	)
Foreign tax credit expiration		2,736			818			—
Capital gain on return of basis		—			—			3,079
State taxes, net of federal taxes		(362	)		198			334
Non-U.S. earnings taxed at different rates		(1,714	)		(834	)		(1,606	)
Non-deductible mergers and acquisition costs		1,971			—			—
R&D Tax credit		(529	)		—			—
Joint Venture dividend		737			—			—
Change in uncertain tax positions		—			32			(115	)
Other permanent differences, net		48			(218	)		(166	)
	$	5,786		$	8,000		$	(3,927	)

Tax Effects of Temporary Differences

The tax effects of the temporary differences as of December 31, 2014, 2013 and 2012 are as follows:

	December 31,
	2014			2013			2012
Deferred income tax liabilities:
Tax in excess of book depreciation	$	35,411		$	6,673		$	6,670
Goodwill		1,949			2,213			1,987
Intangible assets		15,944			—			—
Other deferred tax liabilities		1,924			63			112
Gross deferred income tax liabilities		55,228			8,949			8,769
Deferred income tax assets:
Goodwill		2,411			3,215			4,141
Inventories		2,035			836			768
Pension/Personnel accruals		3,029			856			921
Net operating loss carry forwards		1,196			1,351			3,682
Foreign tax credits		290			3,026			3,844
Guarantee claim deduction		1,141			1,141			1,141
Credit carry forwards		1,853			—			—
Accruals and reserves		—			114			293
Other deferred tax assets		1,926			832			550
Gross deferred income tax assets		13,881			11,371			15,340
Valuation allowance on deferred tax assets		—			(1,434	)		(2,252	)
Net deferred income tax assets		13,881			9,937			13,088
Net deferred income tax assets (liabilities)	$	(41,347	)	$	988		$	4,319

Summary of Activity in Total Valuation Allowances

Below is a summary of the activity in the total valuation allowances during the years ended December 31, 2014, 2013 and 2012:

	Balance at Beginning of Year		Additions		Recoveries			Balance at End of Year
2014	$	1,434	$	—	$	(1,434	)	$	—
2013	$	2,252	$	—	$	(818	)	$	1,434
2012	$	12,066	$	—	$	(9,814	)	$	2,252

Summary of Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits, Excluding Interest and Penalties

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties for the years ended December 31, 2014, 2013 and 2012 is as follows:

	2014			2013		2012
Beginning balance	$	873		$	873	$	988
Additions for tax positions of prior years		3,589			—		428
Reductions for tax positions of prior years		(628	)		—		(543	)
Ending balance	$	3,834		$	873	$	873