INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income before taxes

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

	Year Ended December 31,
	2015		2014			2013
Domestic	$	1,675	$	(7,230	)	$	(950	)
Foreign	2,763		6,105			6,882
Total	$	4,438	$	(1,125	)	$	5,932

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,
	2015			2014			2013
Current:
State	$	9		$	47		$	(2	)
Foreign	1,851			740			1,929
Total current	1,860			787			1,927
Deferred:
Federal	155			(386		)	(410		)
Foreign	(187		)	832			20
Total deferred	(32		)	446			(390		)
Total income tax expense	$	1,828		$	1,233		$	1,537

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:

	2015		2014		2013
Federal income taxes at statutory rate	35.0	%	35.0	%	35.0	%
Taxes on foreign income which differ from the U.S. statutory rate	(1.8	)	13.9		(2.1	)
Effect of change in the enacted rate	(2.6	)	—		3.1
Change in valuation allowance	(2.3	)	158.4		(63.4	)
U.S. taxation of international operations	6.2		(170.1	)	12.0
Change in estimated liabilities	1.8		26.8		0.1
Non-deductible items	4.8		(170.9	)	41.3
State and local income taxes	0.1		(2.7	)	(0.1	)
	41.2	%	(109.6	)%	25.9	%

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,
	2015			2014
Deferred tax assets:
Federal, state, and foreign net operating losses	$	18,713		$	21,301
Postretirement benefits	608			655
Deferred employee benefits	1,924			2,450
Accrued pension	15,738			14,861
Inventory valuation	3,067			3,445
Foreign tax credit carryforwards	7,847			5,030
Other	2,804			3,155
	50,701			50,897
Less valuation allowance	(43,663		)	(44,789		)
Total deferred tax assets	7,038			6,108
Deferred tax liabilities:
Tax over book depreciation	(3,662		)	(3,997		)
Inventory valuation	(2,006		)	(2,103		)
Intangible assets	(1,637		)	(1,672		)
Other	(391		)	(477		)
Total deferred tax liabilities	(7,696		)	(8,249		)
Net deferred tax liabilities	$	(658	)	$	(2,141	)

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,
	2015			2014			2013
Balance at beginning of year	$	2,342		$	2,743		$	2,514
Additions for acquired subsidiaries	—			—			267
Additions for tax positions related to the current year	282			182			—
Additions for tax positions of prior years	263			430			150
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	(582		)	(620		)	(131		)
Balance at end of year	$	2,305		$	2,342		$	2,743