INCOME TAXES (Tables)

9 Months Ended

Dec. 31, 2018

The domestic and foreign source component of income (loss) from continuing operations before income taxes was:



	Year Ended December 31, 2018			November 22, 2017 to March 31, 2018			April 01, 2017 to November 21, 2017
	2018			Successor			Predecessor
U.S.	$	(14,321	)	$	—		$	—
Foreign	(4,385		)	(3,530		)	8,553
Total	$	(18,706	)	$	(3,530	)	$	8,553

Schedule of Components of Income Tax Expense (Benefit)

Significant components of the provision for income taxes from continuing operations were:



	Year Ended December 31, 2018			November 22, 2017 to March 31, 2018			April 01, 2017 to November 21, 2017
				Successor			Predecessor
Current:
Federal	$	(93	)	$	—		$	—
State	(13		)	—			—
Foreign	3,669			2,214			3,252
Total current (benefit) expense	$	3,563		$	2,214		$	3,252

Deferred:
Federal	$	—		$	—		$	—
State	—			—			—
Foreign	7			(909		)	(74		)
Total deferred (benefit) expense	$	7		$	(909	)	$	(74	)

Income tax expense	$	3,570		$	1,305		$	3,178

Schedule of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and deferred tax liabilities included in the accompanying consolidated balance sheets are as follows:



	As of December 31, 2018			As of March 31, 2018
Long-term deferred tax assets (liabilities):
Property, plant and equipment	$	(3,336	)	$	(4,484	)
Prepaid expenses	(325		)	(12		)
Accrued stock compensation and other employee benefits	2,722			2,432
Accrued restructuring costs and other expenses	2,541			538
Tax credit carryforwards	5,233			—
Loss carryforwards	18,628			5,653
Intangibles and goodwill	(21,153		)	(17,357		)
Translation adjustments and withholdings taxes	(3,472		)	—
Other	540			—
Net long-term deferred tax assets	$	1,378		$	(13,230	)

Valuation allowance	(15,231		)	—

Total net deferred tax asset (liability)	$	(13,853	)	$	(13,230	)

Schedule of Effective Income Tax Rate Reconciliation

Differences between U.S. federal statutory income tax rates and our effective tax rates for the nine months ended December 31, 2018, the successor period from November 22, 2017 to March 31, 2018 and the predecessor period from April 1, 2017 to November 21, 2017 are as follows:



	Nine Months Ended December 31, 2018		November 22, 2017 to March 31, 2018		April 1, 2017 to November 21, 2017
			Successor		Predecessor
Statutory tax rate	21.0	%	17.0	%	3.0	%
Effect of state taxes (net of federal benefit)	1.4	%	—	%	—	%
Rate differential on foreign earnings	(3.8	)%	(44.4	)%	16.9	%
Valuation allowance	(13.6	)%	—	%	—	%
Unutilized losses for tax purposes	(7.6	)%	—	%	—	%
Transaction costs	(6.0	)%	—	%	—	%
Disallowances for income tax purposes	(2.2	)%	(33.7	)%	7.0	%
Tax relating to origination or reversal of temporary differences	(2.1	)%	—	%	—	%
Income exempt for tax purposes	—	%	24.7	%	(2.4	)%
Reversal of tax benefits	—	%	—	%	12.7	%
Other, net	(6.2	)%	(0.6	)%	—	%
Total	(19.1	)%	(37.0	)%	37.2	%

Schedule of Unrecognized Tax Benefits Roll Forward

The following table indicates the changes to our unrecognized tax benefits for the nine months ended December 31, 2018, the successor period from November 22, 2017 to March 31, 2018 and the predecessor period from April 1, 2017 to November 21, 2017. The term “unrecognized tax benefits” in the accounting standards for income taxes refers to the differences between a tax position taken or expected to be taken in a tax return and the benefit measured and recognized in the financial statements. If recognized, all of these benefits would impact our income tax expense, before consideration of any related valuation allowance.



	Nine Months Ended December 31, 2018		November 22, 2017 to March 31, 2018		April 01, 2017 to November 21, 2017
			Successor		Predecessor
Unrecognized, beginning	$	—	$	—	$	—
Additions due to acquisition	$	3,122	$	—	$	—
Additions based on tax positions taken in the period	$	201	$	—	$	—
Reductions based on tax positions taken in the period	$	—	$	—	$	—
Unrecognized, ending	$	3,323	$	—	$	—