XML 48 R56.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The sources of income (loss) before income taxes for the years ended December 31, 2012, 2011 and 2010 are presented as follows:



	Year Ended December 31,
(in thousands)	2012			2011			2010
Income (loss) before taxes:
United States	$	(3,002	)	$	(9,300	)	$	(13,149	)
Foreign	50,336			72,092			(1,869		)
Total income (loss) before income taxes	$	47,334		$	62,792		$	(13,796	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The Company's income tax expense for the years ended December 31, 2012, 2011 and 2010 consisted of the following:



	Year Ended December 31,
(in thousands)	2012			2011			2010
Current tax expense (benefit):
U.S.	$	6,363		$	1,367		$	(55	)
Foreign	26,579			23,679			26,632
Total current	32,942			25,046			26,577
Deferred tax expense (benefit):
U.S.	369			1,206			780
Foreign	(6,374		)	(1,548		)	(4,458		)
Total deferred	(6,005		)	(342		)	(3,678		)
Total tax expense	$	26,937		$	24,704		$	22,899

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the federal statutory income tax rate of 35% to the effective income tax rate for 2012, 2011 and 2010:



	Year Ended December 31,
(dollar amounts in thousands)	2012			2011			2010
U.S. federal income tax expense (benefit) at applicable statutory rate	$	16,567		$	21,977		$	(5,256	)
Tax effect of:
State income tax expense at statutory rates	1,514			238			555
Non-deductible expenses	426			2,838			4,785
Share-based compensation	(89		)	(76		)	(220		)
Other permanent differences	1,096			(1,771		)	(1,798		)
Difference between U.S. federal and foreign tax rates	(8,407		)	(5,140		)	(4,484		)
Provision in excess of statutory rates	(965		)	1,285			(600		)
Change in federal and foreign valuation allowance	6,882			5,900			11,319
Impairment of goodwill and acquired intangible assets	8,149			—			20,246
Other	1,764			(547		)	(1,648		)
Total income tax expense (benefit)	$	26,937		$	24,704		$	22,899
Effective tax rate	56.9		%	39.3		%	(152.5		)%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effect of temporary differences and carryforwards that give rise to deferred tax assets and liabilities from continuing operations are as follows:



	As of December 31,
(in thousands)	2012			2011
Deferred tax assets:
Tax loss carryforwards	$	28,285		$	49,146
Share-based compensation	6,344			7,168
Accrued expenses	7,109			4,568
Property and equipment	5,221			5,473
Goodwill and intangible amortization	37,265			41,665
Intercompany notes	9,532			13,386
Other	14,945			8,614
Gross deferred tax assets	108,701			130,020
Valuation allowance	(89,863		)	(84,624		)
Net deferred tax assets	18,838			45,396
Deferred tax liabilities:
Intangibles related to purchase accounting	(11,365		)	(14,616		)
Goodwill and intangible amortization	(4,735		)	(6,604		)
Accrued expenses	(7,004		)	(4,538		)
Intercompany notes	(915		)	(2,022		)
Accrued interest	(703		)	(30,194		)
Capitalized research and development	(1,863		)	(1,276		)
Property and equipment	(2,632		)	(2,433		)
Other	(5,899		)	(6,620		)
Total deferred tax liabilities	(35,116		)	(68,303		)
Net deferred tax liabilities	$	(16,278	)	$	(22,907	)

Summary of Operating Loss Carryforwards [Table Text Block]

At December 31, 2012, the Company had U.S. federal and foreign tax net operating loss carryforwards of $152.1 million, which will expire as follows:



(in thousands)	Gross		Tax Effected
Year ending December 31,
2013	$	4,650	$	894
2014	3,790		865
2015	8,385		1,711
2016	7,678		1,727
2017	7,663		1,637
Thereafter	104,930		34,196
Unlimited	14,990		2,895
Total	$	152,086	$	43,925

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2012 and 2011 is as follows:



	Year Ended December 31,
(in thousands)	2012			2011
Beginning balance	$	12,045		$	8,473
Additions based on tax positions related to the current year	1,293			3,193
Additions for tax positions of prior years	355			735
Reductions for tax positions of prior years	(1,208		)	(356		)
Settlements	(1,115		)	—
Ending balance	$	11,370		$	12,045

Summary of Income Tax Examinations [Table Text Block]



U.S. (Federal)	2000 through 2002, 2004 through 2006, and 2009 through 2012
Poland	2007 through 2012
Spain	2005 through 2012
Australia	2007 through 2012
U.K.	2008 through 2012
Germany	2007 through 2012

- Definition

Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

+ References+ Details

- Definition

Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

+ References+ Details