Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015, 2014 and 2013 was as follows:

	Year ended December 31,
	2015			2014			2013
Income (loss) before provision (benefit) for income taxes:
United States	$	(42,450	)	$	(9,341	)	$	8,259
Foreign		19,500			22,513			16,919
Total	$	(22,950	)	$	13,172		$	25,178

Income Tax Expense (Benefit)

Total income tax expense (benefit) for the years ended December 31, 2015, 2014, and 2013 was as follows:

	Year ended December 31,
	2015			2014			2013
Current:
U.S. Federal	$	—		$	—		$	—
State		420			37			179
Foreign		5,940			7,082			4,490
Total current expense	$	6,360		$	7,119		$	4,669
Deferred:
U.S. Federal	$	(13,391	)	$	1,625		$	3,594
State		(1,869	)		(382	)		145
U.S. deferred tax valuation allowance		—			(1,434	)		(818	)
Foreign		(1,618	)		(1,142	)		410
Total deferred expense (benefit)		(16,878	)		(1,333	)		3,331
Total expense (benefit)	$	(10,518	)	$	5,786		$	8,000

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, 2015, 2014 and 2013 is summarized as follows:

	Year ended December 31,
	2015			2014			2013
Income taxes at the federal statutory rate	$	(7,803	)	$	4,478		$	8,561
Impact of incentive stock options		—			(145	)		261
Decrease in U.S. valuation allowance		—			(1,434	)		(818	)
Foreign tax credit (additions) expiration		(1,343	)		2,736			818
Capital gain on return of basis		—			—			—
State taxes, net of federal taxes		(1,592	)		(362	)		198
Non-U.S. earnings taxed at different rates		(2,308	)		(1,714	)		(834	)
Non-deductible mergers and acquisition costs		1,299			1,971			—
R&D Tax credit		(623	)		(529	)		—
Joint Venture dividend		1,147			737			—
Change in uncertain tax positions		—			—			32
Other permanent differences, net		705			48			(218	)
	$	(10,518	)	$	5,786		$	8,000

Tax Effects of Temporary Differences

The tax effects of the temporary differences as of December 31, 2015, 2014 and 2014 are as follows:

	December 31,
	2015			2014			2013
Deferred income tax liabilities:
Tax in excess of book depreciation	$	42,345		$	35,411		$	6,673
Goodwill		1,554			1,949			2,213
Intangible assets		91,947			15,944			—
Other deferred tax liabilities		897			1,924			63
Gross deferred income tax liabilities		136,743			55,228			8,949
Deferred income tax assets:
Goodwill		1,666			2,411			3,215
Inventories		4,490			2,035			836
Pension/Personnel accruals		2,778			3,029			856
Net operating loss carry forwards		8,313			1,196			1,351
Foreign tax credits		3,242			290			3,026
Guarantee claim deduction		1,141			1,141			1,141
Credit carry forwards		2,582			1,853			—
Accruals and reserves		—			—			114
Other deferred tax assets		2,510			1,926			832
Gross deferred income tax assets		26,722			13,881			11,371
Valuation allowance on deferred tax assets		—			—			(1,434	)
Net deferred income tax assets		26,722			13,881			9,937
Net deferred income tax assets (liabilities)	$	(110,021	)	$	(41,347	)	$	988

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, 2015, 2014 and 2013:

	Balance at Beginning of Year		Additions		Recoveries			Balance at End of Year
2015	$	—	$	—	$	—		$	—
2014	$	1,434	$	—	$	(1,434	)	$	—
2013	$	2,252	$	—	$	(818	)	$	1,434

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, 2015, 2014 and 2013 is as follows:

	2015			2014			2013
Beginning balance	$	3,834		$	873		$	873
Additions for tax positions of prior years		2,516			3,589			—
Reductions for tax positions of prior years		(626	)		(628	)		—
Ending balance	$	5,724		$	3,834		$	873