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Note 15 - Income Taxes
9 Months Ended
Sep. 30, 2013
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

15. Income Taxes


The Company calculates its interim income tax provision in accordance with ASC 740-270 —Income Taxes. At the end of each interim period, the Company estimates the annual effective tax rate and applies that rate to its ordinary quarterly earnings. The tax expense or benefit related to significant, unusual, or extraordinary items that will be separately reported or reported net of their related tax effect, is recognized in the interim period in which those items occur. The Company evaluates its ability to recover deferred tax assets, in full or in part, by considering all available positive and negative evidence, including past operating results and our forecast of future taxable income on a jurisdictional basis. The Company bases its estimate of current and deferred taxes on the tax laws and rates that are currently in effect in the appropriate jurisdiction. Changes in laws or rates may affect the tax provision as well as the amount of deferred tax assets or liabilities.


The Company's effective income tax rate for the three months ended September 30, 2013 and 2012 was 4.4% and -29.6%, respectively. The Company's effective income tax rate for the nine months ended September 30, 2013 and 2012 was 0.1% and -4.2%, respectively. For the nine months ended September 30, 2013 and 2012, the Company recorded a benefit for income taxes of -$13 thousand and a provision for income taxes of $419 thousand, respectively. The benefit for the nine months ended September 30, 2013 represented recognition of deferred tax liabilities, true-ups for returns filed during the period, deferred income tax charges previously suspended within the consolidated group that are now recognized upon the sale of foreign subsidiary's asset to a third party during the second quarter and minimum taxes because of the Company’s full valuation allowance against the deferred tax assets. The provision for the nine months ended September 30, 2012 is a result of tax liability due in certain profitable jurisdictions while loss generating jurisdictions are not able to benefit from current net operating losses due to lack of taxable income.


The Company and its subsidiaries did not have any unrecognized tax benefits or liabilities as of September 30, 2013 and December 31, 2012. The Company does not anticipate that its unrecognized tax benefits or liability position will change significantly over the next twelve months.