INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

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,
	2016			2015		2014
Domestic	$	(359	)	$	1,675	$	(7,230	)
Foreign	3,426			2,763		6,105
Total	$	3,067		$	4,438	$	(1,125	)

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,
	2016			2015			2014
Current:
State	$	(16	)	$	9		$	47
Foreign	1,678			1,851			740
Total current	1,662			1,860			787
Deferred:
Federal	158			155			(386		)
Foreign	23			(187		)	832
Total deferred	181			(32		)	446
Total income tax expense	$	1,843		$	1,828		$	1,233

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:

	2016		2015		2014
Federal income taxes at statutory rate	35.0	%	35.0	%	35.0	%
Taxes on foreign income which differ from the U.S. statutory rate	(22.1	)	(1.8	)	13.9
Effect of change in the enacted rate	(1.3	)	(2.6	)	—
Change in valuation allowance	(3.9	)	(2.3	)	158.4
U.S. taxation of international operations	32.3		6.2		(170.1	)
Change in estimated liabilities	9.5		1.8		26.8
Non-deductible items	10.8		4.8		(170.9	)
State and local income taxes	(0.1	)	0.1		(2.7	)
	60.2	%	41.2	%	(109.6	)%

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,
	2016			2015
Deferred tax assets:
Federal, state, and foreign net operating losses	$	20,372		$	18,713
Postretirement benefits	631			608
Deferred employee benefits	1,688			1,924
Accrued pension	16,410			15,738
Inventory valuation	2,766			3,067
Foreign tax credit carryforwards	7,693			7,847
Other	2,030			2,804
	$	51,590		$	50,701
Less valuation allowance	(45,012		)	(43,663		)
Total deferred tax assets	$	6,578		$	7,038
Deferred tax liabilities:
Tax over book depreciation	$	(3,509	)	$	(3,662	)
Inventory valuation	(1,995		)	(2,006		)
Intangible assets	(1,600		)	(1,637		)
Other	(303		)	(391		)
Total deferred tax liabilities	(7,407		)	(7,696		)
Net deferred tax liabilities	$	(829	)	$	(658	)

Summary of the adjustments made to conform prior period classification

The below table summarizes the adjustments made to conform prior period classification with the new guidance (in thousands):

	December 31, 2015
	As Filed			Reclass			As Adjusted
Deferred tax assets
Current deferred income tax assets	$	2,102		(2,102		)	—
Non-current deferred income tax assets	525			1,905			2,430
Total deferred income tax assets	$	2,627		$	(197	)	$	2,430
Deferred tax liabilities
Current deferred income tax liabilities	(2,164		)	2,164			—
Non-current deferred income tax liabilities	(1,121		)	(1,967		)	(3,088		)
Total deferred income tax liabilities	$	(3,285	)	$	197		$	(3,088	)
Net deferred tax assets and liabilities	$	(658	)	$	—		$	(658	)

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,
	2016			2015			2014
Balance at beginning of year	$	2,305		$	2,342		$	2,743
Additions for tax positions related to the current year	302			282			182
Additions for tax positions of prior years	72			263			430
Reductions for tax positions of prior years	(832		)	—			(393		)
Reductions due to lapse of applicable statutes of limitation	—			(582		)	(620		)
Balance at end of year	$	1,847		$	2,305		$	2,342