Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Schedule of Income Tax Expense/Benefit

		December 31,
($ thousands)	2012		2011		2010
Income (loss) before taxes:
U.S.	$	12,060	$	(12,057)	$	(14,835)
Foreign		133,488		148,747		95,627
Total income before taxes		145,548		136,690		80,792
Income tax expense:
Current income taxes
U.S. federal		(6,364)		4,798		47
U.S. state		597		165		95
Foreign		22,953		19,758		17,923
Total current income taxes		17,186		24,721		18,065
Deferred income taxes:
U.S. federal		(3,981)		(2,338)		-
U.S. state		(4,016)		-		-
Foreign		5,016		1,519		(4,999)
Total deferred income taxes		(2,981)		(819)		(4,999)
Total income tax expense	$	14,205	$	23,902	$	13,066

Effective Tax Rate Reconciliation

	December 31,
($ thousands)	2012		2011		2010
Federal income tax rate	35.0	%	35.0	%	35.0	%
State income tax rate, net of federal benefit	(2.7)		0.3		(0.3)
Foreign income tax rate differential	(25.0)		(30.3)		(22.2)
Permanent items	4.6		3.2		12.5
Permanent portion of equity compensation	0.5		0.4		1.6
Charitable donations of inventory	(0.1)		-		(0.1)
Change in valuation allowance	(8.4)		3.6		(34.2)
Unremitted foreign earnings of subsidiary	2.0		-		21.7
Uncertain tax positions	3.5		8.7		1.4
Other	0.4		(3.4)		0.8
Effective income tax rate	9.8	%	17.5	%	16.2	%

Deferred Income Tax Assets and Liabilities

	December 31,
($ thousands)	2012		2011
Current deferred tax assets:
Accrued expenses	$	12,934	$	12,575
Unrealized loss on foreign currency		2,026		-
Other		8		2,383
Valuation allowance		(3,492)		(6,054)
Total current deferred tax assets	$	11,476	$	8,904
Current deferred tax liabilities:
Unremitted earnings of foreign subsidiary	$	(7,596)	$	(4,746)
Total current deferred tax liabilities.	$	(7,596)	$	(4,746)
Non-current deferred tax assets:
Stock compensation expense	$	8,865	$	7,630
Long-term accrued expenses		3,067		-
Net operating loss and charitable contribution carryovers		23,255		26,219
Property and equipment		8,994		8,641
Future uncertain tax position offset		3,780		13,638
Unrealized loss on foreign currency		921		5,644
Foreign tax credit		5,392		3,177
Other		1,767		190
Valuation allowance		(22,406)		(33,889)
Total non-current deferred tax assets	$	33,635	$	31,250
Non-current deferred tax liabilities:
Intangible assets	$	(779)	$	(1,009)
Total non-current deferred tax liabilities	$	(779)	$	(1,009)

Unrecognized Tax Benefits Reconciliation

($ thousands)	2012		2011		2010
Unrecognized tax benefit—January 1	$	44,537	$	33,042	$	29,163
Gross increases—tax positions in prior period		-		8,332		943
Gross decreases—tax positions in prior period		(425)		-		-
Gross increases—tax positions in current period		4,310		4,689		3,086
Settlements		(16,260)		(427)		-
Lapse of statute of limitations		(262)		(1,099)		(150)
Unrecognized tax benefit—December 31	$	31,900	$	44,537	$	33,042

Income Tax Examinations

Netherlands	2006	to	2012
Canada	2007	to	2012
Japan	2007	to	2012
Singapore	2008	to	2012
United States	2010	to	2012