INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income before taxes

The Company's pre-tax (loss) income from continuing operations for domestic and foreign sources is as follows (in thousands):

	Year Ended December 31,
	2014			2013			2012
Domestic	$	(7,230	)	$	(950	)	$	(4,142	)
Foreign	6,105			6,882			23,483
Total	$	(1,125	)	$	5,932		$	19,341

Components of income tax provision (benefits)

Significant components of income tax expense attributable to continuing operations are as follows (in thousands):

	Year Ended December 31,
	2014			2013			2012
Current:
State	$	47		$	(2	)	$	—
Foreign	740			1,929			4,736
Total current	787			1,927			4,736
Deferred:
Federal	(386		)	(410		)	(2,720		)
Foreign	832			20			(530		)
Total deferred	446			(390		)	(3,250		)
Total income tax expense	$	1,233		$	1,537		$	1,486

Effective income tax reconciliation

The following is a reconciliation of income tax expense computed at the United States statutory rate to amounts shown in the Consolidated Statements of Operations:

	2014		2013		2012
Federal income taxes at statutory rate	35.0	%	35.0	%	35.0	%
Taxes on foreign income which differ from the U.S. statutory rate	13.9		(2.1	)	(18.1	)
Effect of change in the enacted rate	—		3.1		(1.3	)
Change in valuation allowance	158.4		(63.4	)	(46.0	)
U.S. taxation of international operations	(170.1	)	12.0		37.3
Change in estimated liabilities	26.8		0.1		0.4
Non-deductible items	(170.9	)	41.3		—
State and local income taxes	(2.7	)	(0.1	)	—
Other	—		—		0.4
	(109.6	)%	25.9	%	7.7	%

Significant components of deferred tax assets (liabilities)

Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands):

	December 31,
	2014			2013
Deferred tax assets:
Federal, state, and foreign net operating losses	$	21,301		$	26,622
State tax credit carryforwards	—			6,933
Postretirement benefits	655			649
Deferred employee benefits	2,450			1,937
Accrued pension	14,861			7,411
Inventory valuation	3,445			3,037
Foreign tax credit carryforwards	5,030			4,502
Other	3,155			3,262
	50,897			54,353
Less valuation allowance	(44,789		)	(49,297		)
Total deferred tax assets	6,108			5,056
Deferred tax liabilities:
Tax over book depreciation	(3,997		)	(4,499		)
Inventory valuation	(2,103		)	(2,291		)
Intangible assets	(1,672		)	(1,831		)
Other	(477		)	(1,059		)
Total deferred tax liabilities	(8,249		)	(9,680		)
Net deferred tax liabilities	$	(2,141	)	$	(4,624	)

Reconciliation of beginning and ending unrecognized tax benefits (liabilities)

A reconciliation of the beginning and ending amount of uncertain tax positions is as follows (in thousands):

	December 31,
	2014			2013			2012
Balance at beginning of year	$	2,743		$	2,514		$	2,333
Additions for acquired subsidiaries	—			267			—
Additions for tax positions related to the current year	182			—			—
Additions for tax positions of prior years	430			150			235
Reductions for tax positions of prior years	(393		)	—			—
Reductions for tax positions related to the current year	—			(57		)	—
Reductions due to lapse of applicable statutes of limitation	(620		)	(131		)	(54		)
Balance at end of year	$	2,342		$	2,743		$	2,514