Note 8 - Taxes on Income (Tax Benefits) (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income (loss) from continuing operations before taxes on income (tax benefits) was as follows for the years ended December 31 (in thousands):



	2013		2012		2011
Domestic	$	23,695	$	45,290	$	825
Foreign	35,307		25,576		32,145
Total	$	59,002	$	70,866	$	32,970

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Provisions (benefits) for taxes on income (tax benefit) from continuing operations consisted of the following components for the years ended December 31 (in thousands):



	2013			2012			2011
Current:
Federal	$	8,603		$	9,237		$	1,789
Foreign	6,078			9,704			8,878
State	527			995			423
Subtotal	15,208			19,936			11,090
Deferred:
Federal	(2,075		)	(1,817		)	(2,064		)
Foreign	(727		)	69			492
State	(252		)	475			(1,334		)
Subtotal	(3,054		)	(1,273		)	(2,906		)
Total tax provision	$	12,154		$	18,663		$	8,184

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Income tax (benefit) expense differed from the amounts computed by applying the U.S. federal income tax rate of 35% to income (loss) before income taxes, equity in income (loss) of joint ventures and minority interests as a result of the following (in thousands):



	2013			2012			2011
Income taxes at U.S. federal statutory tax rate	$	20,651		$	24,803		$	11,539
Increase (decrease) in taxes resulting from:
Change in the balance of the valuation allowance for deferred tax assets allocated to income tax expense	1,447			3,714			477
State income taxes, net of federal income tax benefit	179			956			(547		)
Transaction costs	—			509			574
Meals and entertainment	1,034			962			570
Changes in taxes previously accrued	(3,098		)	(2,422		)	263
Foreign tax rate differences	(4,892		)	(4,236		)	(3,412		)
Recognition of uncertain tax positions	(89		)	(800		)	(214		)
Contingent consideration reversal	(1,461		)	(2,869		)	—
Domestic Production Activities Deduction	(1,548		)	(1,440		)	(52		)
Other matters	(69		)	(514		)	(1,014		)
Total tax provision	$	12,154		$	18,663		$	8,184
Effective tax rate	20.6		%	26.3		%	24.8		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The Company’s tax assets and liabilities, netted by taxing location, are in the following captions in the balance sheets (in thousands):



	2013			2012
Current deferred income tax assets, net	$	4,640		$	3,975
Current deferred income tax liabilities, net	(4,304		)	(5,994		)
Noncurrent deferred income tax assets, net	6,957			7,989
Noncurrent deferred income tax liabilities, net	(38,217		)	(39,790		)
Net deferred income tax liabilities	$	(30,924	)	$	(33,820	)

Net deferred taxes consisted of the following at December 31 (in thousands):



	2013			2012
Deferred income tax assets:
Foreign tax credit carryforwards	$	535		$	88
Net operating loss carryforwards	17,146			17,225
Accrued expenses	13,517			10,443
Other	8,158			8,394
Total gross deferred income tax assets	39,356			36,150
Less valuation allowance	(7,797		)	(6,574		)
Net deferred income tax assets	31,559			29,576
Deferred income tax liabilities:
Property, plant and equipment	(12,901		)	(14,051		)
Intangible assets	(34,983		)	(33,715		)
Undistributed foreign earnings	(7,051		)	(7,051		)
Other	(7,548		)	(8,579		)
Total deferred income tax liabilities	(62,483		)	(63,396		)
Net deferred income tax liabilities	$	(30,924	)	$	(33,820	)

Summary of Valuation Allowance [Table Text Block]

Activity in the valuation allowance is summarized as follows for the years ended December 31 (in thousands):



	2013			2012			2011
Balance, at beginning of year	$	6,574		$	4,691		$	5,083
Additions	1,754			2,062			1,058
Reversals	(131		)	(191		)	(1,352		)
Other adjustments	(400		)	12			(98		)
Balance, at end of year	$	7,797		$	6,574		$	4,691

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows (in thousands):



	2013			2012			2011
Balance at January 1,	$	3,170		$	1,050		$	1,672
Additions for tax positions of prior years related to acquisitions	—			3,145			—
Additions for tax positions of prior years	30			111			41
Reductions for tax positions of prior years	—			—			(238		)
Lapse in statute of limitations	(236		)	(1,162		)	(406		)
Foreign currency translation	(28		)	26			(19		)
Balance at December 31, total tax provision	$	2,936		$	3,170		$	1,050