Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income taxes

Schedule of components of income before provision for income taxes

        For the years ended December 31, 2017, 2016 and 2015, Income before provision for income taxes, includes the following components (amounts in thousands):

	2017			2016		2015
Domestic income	$	9,984		$	10,997	$	9,663
Foreign (loss) income		(4,714	)		17,375		13,118
	$	5,270		$	28,372	$	22,781

Schedule of composition of income tax expense

        For the years ended December 31, 2017, 2016 and 2015, income tax expense is composed of the following(amounts in thousands):

	2017		2016			2015
Current income tax expense	$	4,233	$	15,801		$	11,880
Deferred income tax (benefit)		14,473		(5,429	)		(2,838	)
	$	18,706	$	10,372		$	9,042

Schedule of Company's income tax expense and effective tax rates

	2017			2016			2015
Pre-tax book income—US Only		35.0	%		35.0	%		35.0	%
Pre-tax book income—Foreign Only		31.3	%		21.4	%		20.2	%
Permanent items		15.7	%		3.2	%		4.0	%
Return to provision true-ups—Current/Deferred		–4.2	%		–1.1	%		–1.4	%
Foreign rate differential		6.6	%		2.4	%		2.2	%
Foreign tax credits		–51.7	%		–32.0	%		–24.5	%
Foreign valuation allowance		59.0	%		—			—
Change in FTC valuation allowance due to tax reform		200.0	%		—			—
Tax Cut and Jobs Act Law Changes		56.2	%		—			—
Foreign withholding taxes		29.0	%		6.0	%		6.7	%
Deferred foreign tax credit offset		–21.9	%		0.0	%		–2.2	%
State taxes and state rate change		1.1	%		1.4	%		–0.3	%
UTP adjustment		–2.6	%		0.3	%		0.0	%
		353.5	%		36.6	%		39.7	%

Schedule of components of net deferred tax liabilities

        Net deferred tax liabilities consist of the following components as of December 31, 2017 and 2016(amounts in thousands):

	2017			2016
Deferred tax assets:
Allowances for doubtful accounts	$	1,308		$	2,046
Deferred branch tax benefit		10,846			15,859
State tax Federal deduction true-up		42			70
NOL credit and other carryovers		111			—
Fixed assets		47			43
Accrued expenses		935			1,204
Foreign tax credit		10,588			11,449
Stock compensation		3,081			3,865
Pension		397			690
Intangibles		1,355			2,286
Other DTA		438			533
Less: Foreign income valuation allowance		(3,117	)		—
Less: Foreign tax credit valuation allowance		(10,588	)		—
Total deferred tax assets		15,443			38,045
Deferred tax liabilities:
Prepaid expenses		(328	)		(505	)
Intangibles		(17,676	)		(20,910	)
Interest Rate Swap		(173	)		—
Property and equipment		(1,443	)		(3,117	)
Amortization expense		(9,784	)		(12,704	)
Total deferred tax liabilities		(29,404	)		(37,236	)
	($	13,961	)	$	809

Schedule of classification of deferred tax amounts

        The deferred tax amounts mentioned above have been classified on the accompanying consolidated balance sheets at December 31, 2017 and 2016 as follows (amounts in thousands):

	2017		2016
Non-current assets	$	4,802	$	18,638
Non-current liabilities	$	18,763	$	17,829