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INCOME TAXES
6 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]  
INCOME TAXES

10. INCOME TAXES

The Company is subject to income taxes in the U.S. and Malaysia. On a quarterly basis, the Company assesses the recoverability of deferred tax assets and the need for a valuation allowance. Such evaluations involve the application of significant judgment and multiple factors, both positive and negative, are considered. For the period ended June 30, 2013, a valuation allowance has not been included in the 2013 forecasted effective tax rate. Based on future results, if the Company were to conclude that the deferred tax assets are not recoverable and a valuation allowance is necessary, there would be a significant impact on the forecasted effective tax rate for the year as a whole and the quarterly effective tax rate in the quarter that it is established. The tax provision for the three and six months ended June 30, 2013 is based on an estimated effective tax rate which requires the Company to make its best estimate of annual pretax income. For the three and six months ended June 30, 2013 the Company recorded a tax benefit of $4.2 million and $7.3 million, respectively, for an effective tax rate of 42.1% and 44.1%, respectively. For the three and six months ended June 30, 2012, the Company recorded a tax benefit of $2.1 million and $5.0 million, respectively, for an effective tax rate of 61.3% and 51.5%, respectively. For the three and six months ended June 30, 2013, the difference between the Company’s effective tax rate and the U.S. federal 35% statutory rate was primarily related to profits recorded in the Company’s Malaysia operation for which the Company has a tax holiday, state tax benefit, and the accrual for an uncertain tax position.