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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Taxes [Abstract]  
Income (loss) before income taxes
                         
    Year ended December 31,  
    2012     2011     2010  
    (in thousands)  

U.S.

  $ (17,849   $ 51,618     $ 28,799  

Foreign

    5,263       3,015       241  
   

 

 

   

 

 

   

 

 

 

Total

  $ (12,586   $ 54,633     $ 29,040  
   

 

 

   

 

 

   

 

 

 
Income tax expense (benefit)
                         
    Year ended December 31,  
    2012     2011     2010  
    (in thousands)  

Current

                       

U.S.

  $ (204   $ 177     $ (79

State

    (357     2,777       —    

Foreign

    (163     173       8  
   

 

 

   

 

 

   

 

 

 

Total current income tax expense (benefit)

    (724     3,127       (71
   

 

 

   

 

 

   

 

 

 

Deferred

                       

U.S.

    (5,536     13,223       —    

State

    (1,049     224       —    

Foreign

    261       —         —    
   

 

 

   

 

 

   

 

 

 

Total deferred income tax expense

    (6,324     13,447       —    
   

 

 

   

 

 

   

 

 

 

Total income tax expense (benefit)

  $ (7,048   $ 16,574     $ (71
   

 

 

   

 

 

   

 

 

 
Reconciliation of income tax computed at federal statutory rate to income before taxes
                         
        Year ended December 31,      
    2012     2011     2010  

U.S. Federal statutory rate

    (34.0 )%      35.0     34.0

State taxes net of federal benefit

    (8.9     5.2       5.3  

Permanent differences

    —         (0.6     0.3  

Foreign rate differential and transactional tax

    (3.8     (1.4     3.2  

Impact of foreign tax holiday

    (10.4     —         —    

Valuation allowance

    —         (5.9     (41.4

Other

    1.1       (2.0     (1.6
   

 

 

   

 

 

   

 

 

 
      (56.0 )%      30.3     (0.2 )% 
   

 

 

   

 

 

   

 

 

 
Significant components of net deferred income taxes
                 
    2012     2011  
    (in thousands)  

Deferred tax assets:

               

Allowance for doubtful accounts

  $ 115     $ 156  

Inventory reserves

    1,697       400  

Accrued liabilities

    316       260  

Warrant interest expense

    277       283  

Charitable contributions

    —         10  

Stock compensation expense

    2,503       2,083  

State net operating loss—net of tax

    1,524       984  

Net operating loss carryforward

    4,537       —    

Tax credits

    297       206  
   

 

 

   

 

 

 

Total deferred tax assets

    11,266       4,382  

Deferred tax liability:

               

Depreciation

    (16,685     (16,310

Unrealized gain on securities held for sale

    (340 )     —    

Prepaid expenses

    (140     (115
   

 

 

   

 

 

 

Net deferred tax liability

  $ (5,899   $ (12,043
   

 

 

   

 

 

 
Deferred income tax assets and liabilities on consolidated balance sheets
                 
    2012     2011  
    (in thousands)  

Current deferred income tax assets

  $ 4,427     $ 3,078  

Long term deferred income tax liabilities

    (10,326     (15,121
   

 

 

   

 

 

 

Net deferred tax liability

  $ (5,899   $ (12,043
   

 

 

   

 

 

 
Reconciliation of the unrecognized tax benefits taken or expected to be taken in a tax return that have been recorded on the Company's financial statements
         
    (in thousands)  

Balance at December 31, 2010

  $ —    

Tax positions related to current year

    159  

Tax positions related to prior year

    204  
   

 

 

 

Balance at December 31, 2011

    363  

Decrease related to prior year

    (363

Tax positions related to current year

    1,140  
   

 

 

 
    $ 1,140