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

12 Months Ended

Dec. 31, 2014

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):



	2014			2013		2012
Domestic	$	(75,112	)	$	23,695	$	45,290
Foreign	39,137			35,307		25,576
Total	$	(35,975	)	$	59,002	$	70,866

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):



	2014			2013			2012
Current:
Federal	$	(2,112	)	$	8,603		$	9,237
Foreign	10,586			6,078			9,704
State	2,635			527			995
Subtotal	11,109			15,208			19,936
Deferred:
Federal	(18,629		)	(2,075		)	(1,817		)
Foreign	3,034			(727		)	69
State	646			(252		)	475
Subtotal	(14,949		)	(3,054		)	(1,273		)
Total tax provision	$	(3,840	)	$	12,154		$	18,663

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):



	2014			2013			2012
Income taxes at U.S. federal statutory tax rate	$	(12,591	)	$	20,651		$	24,803
Increase (decrease) in taxes resulting from:
Change in the balance of the valuation allowance for deferred tax assets allocated to foreign income tax expense	7,785			1,447			3,714
Change in the balance of the valuation allowance for deferred tax assets allocated to state income tax expense	5,206			115			(10		)
State income taxes, net of federal income tax benefit	(3,073		)	64			966
Transaction costs	—			—			509
Meals and entertainment	863			1,034			962
Changes in taxes previously accrued	(1,932		)	(3,098		)	(2,422		)
Foreign tax rate differences	(9,215		)	(4,892		)	(4,236		)
Goodwill impairment	9,690			—			—
Recognition of uncertain tax positions	(96		)	(89		)	(800		)
Contingent consideration reversal	—			(1,461		)	(2,869		)
Domestic Production Activities deduction	(81		)	(1,548		)	(1,440		)
Other matters	(396		)	(69		)	(514		)
Total tax provision	$	(3,840	)	$	12,154		$	18,663
Effective tax rate	10.7		%	20.6		%	26.3		%

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):



	2014			2013
Current deferred income tax assets, net	$	9,516		$	4,640
Current deferred income tax liabilities, net	(3,935		)	(4,304		)
Noncurrent deferred income tax assets, net	3,334			6,957
Noncurrent deferred income tax liabilities, net	(22,913		)	(38,217		)
Net deferred income tax liabilities	$	(13,998	)	$	(30,924	)

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



	2014			2013
Deferred income tax assets:
Foreign tax credit carryforwards	$	1,477		$	535
Net operating loss carryforwards	19,355			17,146
Accrued expenses	21,378			13,517
Other	7,207			8,158
Total gross deferred income tax assets	49,417			39,356
Less valuation allowance	(19,353		)	(7,797		)
Net deferred income tax assets	30,064			31,559
Deferred income tax liabilities:
Property, plant and equipment	(7,499		)	(12,901		)
Intangible assets	(22,653		)	(34,983		)
Undistributed foreign earnings	(7,051		)	(7,051		)
Other	(6,859		)	(7,548		)
Total deferred income tax liabilities	(44,062		)	(62,483		)
Net deferred income tax liabilities	$	(13,998	)	$	(30,924	)

Summary of Valuation Allowance [Table Text Block]

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



	2014			2013			2012
Balance, at beginning of year	$	7,797		$	6,574		$	4,691
Additions	14,442			1,754			2,062
Reversals	(2,090		)	(131		)	(191		)
Other adjustments	(796		)	(400		)	12
Balance, at end of year	$	19,353		$	7,797		$	6,574

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):



	2014			2013			2012
Balance at January 1,	$	2,936		$	3,170		$	1,050
Additions for tax positions of prior years related to acquisitions	—			—			3,145
Additions for tax positions of prior years	36			30			111
Lapse in statute of limitations	(252		)	(236		)	(1,162		)
Foreign currency translation	(48		)	(28		)	26
Balance at December 31, total tax provision	$	2,672		$	2,936		$	3,170