Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Reconciliation of beginning and ending amount of liability for uncertain tax positions

A reconciliation of the beginning and ending amount of the liability for uncertain tax positions is as follows:

	2014			2013			2012
Liability for uncertain tax positions - January 1	$	2,189		$	2,711		$	4,132
Additions based on tax positions
related to the current year		2,732			28			1,221
Additions relating to acquisitions		35,874			-			-
Settlement/expiration of statutes of limitations		(825	)		(550	)		(2,642	)
Liability for uncertain tax positions - December 31	$	39,970		$	2,189		$	2,711

Provision (benefit) for income taxes

The provision (benefit) for income taxes consists of the following:

	Years Ended December 31,
	2014			2013			2012
Current:
Federal	$	1,924		$	(1,099	)	$	(459	)
Foreign		1,759			1,120			241
State		175			113			76
		3,858			134			(142	)
Deferred:
Federal		(2,698	)		(865	)		(807	)
State		(407	)		65			(58	)
Foreign		543			(77	)		(369	)
		(2,562	)		(877	)		(1,234	)
	$	1,296		$	(743	)	$	(1,376	)

Reconciliation of taxes on income computed at the federal statutory rate

A reconciliation of taxes on income computed at the U.S. federal statutory rate to amounts provided is as follows:

	Years Ended December 31,
	2014					2013					2012
	$			%		$			%		$			%
Tax provision computed at the
federal statutory rate	$	3,638		35	%	$	5,309		35	%	$	339		34	%
Increase (decrease) in taxes resulting from:
Different tax rates
applicable to foreign operations		(4,524	)	(44	%)		(4,677	)	(31	%)		(306	)	(31	%)
Increase in (reversal of) liability for uncertain
tax positions - net		1,907		18	%		(522	)	(3	%)		(1,421	)	(143	%)
Utilization of research and experimentation, solar and foreign
tax credits		(508	)	(5	%)		(1,049	)	(7	%)		-		0	%
State taxes, net of federal benefit		(183	)	(2	%)		117		1	%		-		0	%
Current year valuation allowance - U.S. segment		335		3	%		49		0	%		298		30	%
Federal tax on profit of foreign disregarded entities
net of deferred tax		770		7	%		-		0	%		-		0	%
Permanent differences applicable to U.S. operations,
including qualified production activity credits,
SERP/COLI income, unrealized foreign exchange gains
and amortization of purchase accounting intangibles		(11	)	0	%		(91	)	(1	%)		(260	)	(26	%)
Other		(128	)	(1	%)		121		1	%		(26	)	(3	%)
Tax (benefit) provision computed at the Company's
effective tax rate	$	1,296		12	%	$	(743	)	(5	%)	$	(1,376	)	(138	%)

Components of deferred income tax assets

Components of deferred income tax assets are as follows:

	December 31,
	2014			2013
	Tax Effect			Tax Effect
Deferred tax assets:
State tax credits	$	954		$	1,336
Unfunded pension liability		1,301			668
Reserves and accruals		2,095			2,020
Federal, state and foreign net operating loss
and credit carryforwards		15,361			4,634
Depreciation		962			973
Amortization		995			588
Acquired deferred taxes		10,775			-
Other accruals		3,253			3,303
Total deferred tax assets		35,696			13,522
Deferred tax liabilities:
Reserves and accruals		68			68
Depreciation		707			1,076
Amortization		21,191			4,762
Acquired deferred taxes		8,053			-
Other accruals		1,522			566
Total deferred tax liabilities		31,541			6,472
Valuation allowance		6,692			2,375
Net deferred tax assets/(liabilities)	$	(2,537	)	$	4,675