Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Uncertain Tax Positions

A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions for the year ended December 31, 2016 is as follows:

	2016
	(In thousands)
Balance at beginning of year	$	—
Additions for tax positions related to the current year	—
Additions for tax positions in prior years	3,628
Additions related to acquisitions	2,089
Balance at end of year	$	5,717

Schedule of Income Before Income Taxes

Income before income taxes consisted of the following:

	Year Ended December 31,
	2016		2015		2014
	(In thousands)
Domestic	$	33,543	$	107,158	$	124,571
Foreign	82,325		142,613		154,809
Total	$	115,868	$	249,771	$	279,380

Schedule of Income Tax Provision (Benefit)

The income tax provision (benefit) consists of the following:

	Year Ended December 31,
	2016			2015			2014
	(In thousands)
Current:
Federal	$	8,461		$	33,017		$	43,652
Foreign	15,246			28,229			30,022
Total current	23,707			61,246			73,674
Deferred:
Federal	1,121			(1,611		)	(5,916		)
Foreign	(2,181		)	(1,872		)	2,910
Total deferred	(1,060		)	(3,483		)	(3,006		)
Total	$	22,647		$	57,763		$	70,668

Schedule of Effective Income Tax Rate Reflected in Provision for Income Taxes and U.S. Federal Statutory Rate

The difference between the effective income tax rate reflected in the provision for income taxes and the U.S. federal statutory rate was as follows:

	Year Ended December 31,
	2016		2015		2014
Federal income tax statutory rate	35.0	%	35.0	%	35.0	%
Foreign income tax rate differential	(11.7	)	(7.3	)	(6.0	)
Foreign development tax incentive	(0.9	)	(1.3	)	(1.6	)
Manufacturing benefit	(1.1	)	(1.4	)	(1.7	)
Foreign intellectual property tax benefit	(1.0	)	(0.8	)	—
Other	(0.8	)	(1.1	)	(0.4	)
Effective income tax rate	19.5	%	23.1	%	25.3	%

Components of Net Deferred Tax Assets (Liabilities)

Significant components of the Company’s net deferred tax assets (liabilities) are as follows:

	December 31,
	2016			2015
	(In thousands)
Net current deferred tax assets:
Inventory	$	11,674		$	11,062
Inventory reserve	9,857			8,926
Allowance for doubtful accounts	1,311			1,578
Reserve for accrued liabilities	840			1,205
Other	815			1,842
Net current deferred tax assets	24,497			24,613
Net non-current deferred tax liability:
Property, plant and equipment	(9,552		)	(10,583		)
Stock options	6,052			6,898
Other	1,699			708
Net non-current deferred tax liabilities	(1,801		)	(2,977		)
Net deferred tax asset	$	22,696		$	21,636