Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Components Of Deferred Income Tax Liabilities And Assets

The significant components of our deferred income tax liabilities and assets are as follows (in thousands):

	December 31,
	2016			2015
Deferred income tax liabilities:
Excess tax over book depreciation	$	11,210		$	5,070
Other	4,650			1,314
Intangible assets	42,837			10,119
Total deferred income tax liabilities	58,697			16,503
Deferred income tax assets:
Accrued expenses	8,146			9,037
Equity compensation	6,461			5,710
Inventories	9,323			8,686
Net operating loss and state credit carry-forward	3,974			4,653
Foreign tax credit carryforward	18,177			7,760
Pension benefit obligation	5,262			6,466
Other	1,549			1,458
Total deferred income tax assets	52,892			43,770
Valuation allowance	(3,028		)	(892		)
Deferred income tax asset, net of valuation allowance	49,864			42,878
Deferred income tax (liability)/asset, net	$	(8,833	)	$	26,375

Deferred Income Taxes Classified In Balance Sheets

The deferred income taxes by classification and geography are as follows:

	December 31,
	2016			2015
Long-term deferred income tax asset, net	$	4,824		$	36,799
Long-term deferred income tax liability, net	(13,657		)	(10,424		)
Deferred income tax (liability)/asset, net	$	(8,833	)	$	26,375
Deferred income taxes by geography are as follows:
Domestic net long-term (liability)/asset	$	(4,315	)	$	32,099
Foreign net long-term liability	(4,518		)	(5,724		)
Net non-current deferred income tax asset	$	(8,833	)	$	26,375

Components Of Pre-Tax Income (Loss)

The (benefit from) provision for income taxes is based on the following pre-tax income (in thousands):

	Year Ended December 31,
	2016			2015		2014
Domestic	$	(16,766	)	$	12,965	$	26,229
Foreign	26,446			9,463		37,032
Income before income taxes	$	9,680		$	22,428	$	63,261

Provision (Benefit) For Income Taxes

The provision for income taxes consists of the following (in thousands):

	Year Ended December 31,
	2016			2015			2014
Current provision:
Federal - US	$	(232	)	$	705		$	3,916
Foreign	10,823			11,023			10,455
State -US	(275		)	56			1,244
Total current	$	10,316		$	11,784		$	15,615
Deferred provision (benefit):
Federal - US	$	(8,992	)	$	2,618		$	(967	)
Foreign	(3,328		)	(887		)	(1,594		)
State -US	1,583			(950		)	(179		)
Total (benefit) deferred	$	(10,737	)	$	781		$	(2,740	)
Total (benefit) provision for income taxes	$	(421	)	$	12,565		$	12,875

Reconciliation Of Effective Income Tax Rate

Actual income taxes reported from operations are different from those that would have been computed by applying the federal statutory tax rate to income before income taxes. The expense for income taxes differs from the U.S. statutory rate due to the following:

	Year Ended December 31,
	2016		2015		2014
Expected federal income tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	(4.8	)	(0.7	)	1.0
Change in state tax rate	—		3.5		—
Change in valuation allowance on state net operating losses	18.9		(7.3	)	—
Foreign tax rate differential	(38.4	)	(18.9	)	(8.7	)
Unbenefited foreign losses	14.7		41.4		3.0
Foreign tax credits	(26.6	)	—		(9.1	)
Manufacturing deduction	—		(1.6	)	(1.7	)
Research and development credit	(6.6	)	(1.1	)	(0.5	)
Foreign audit settlement	—		6.0		—
Other, net	3.4		(0.3	)	1.4
Effective tax rate	(4.4	)%	56.0	%	20.4	%

Summary of Valuation Allowance

The following table provides a summary of the changes in the deferred tax valuation allowance for the years ended December 31, 2016, 2015, and 2014 (in thousands):

	December 31,
	2016			2015			2014
Deferred tax valuation allowance at January 1	$	892		$	9,448		$	13,928
Additions	2,257			15			1,460
Deductions	(121		)	(7,798		)	(5,705		)
Translation adjustments	—			(773		)	(235		)
Deferred tax valuation allowance at December 31	$	3,028		$	892		$	9,448

Reconciliation Of Total Gross Unrecognized Tax Benefits

	December 31,
	2016			2015			2014
Balance beginning January 1	$	2,937		$	1,978		$	1,612
Additions for tax positions of prior years	(102		)	521			149
Additions based on tax positions related to current year	483			69			820
Acquired uncertain tax position	—			1,326			—
Settlements	—			(544		)	—
Lapse of statute of limitations	(328		)	(612		)	(562		)
Currency movement	10			199			(41		)
Balance ending December 31	$	3,000		$	2,937		$	1,978