INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

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, including the portion included in income taxes payable, is as follows:

	2015			2014			2013
Liability for uncertain tax positions - January 1	$	39,970		$	2,189		$	2,711
Additions based on tax positions
related to the current year		3,241			2,732			28
Additions relating to acquisitions		-			35,874			-
Translation adjustment		(844	)		-			-
Settlement/expiration of statutes of limitations		(209	)		(825	)		(550	)
Liability for uncertain tax positions - December 31	$	42,158		$	39,970		$	2,189

Provision (benefit) for income taxes

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

	Years Ended December 31,
	2015			2014			2013
Current:
Federal	$	1,494		$	402		$	(1,099	)
Foreign		5,327			3,281			1,120
State		70			175			113
		6,891			3,858			134
Deferred:
Federal		1,019			(2,698	)		(865	)
State		(64	)		(407	)		65
Foreign		(1,311	)		414			(77	)
		(356	)		(2,691	)		(877	)

	$	6,535		$	1,167		$	(743	)

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,
	2015					2014					2013
	$			%		$			%		$			%
Tax provision computed at the
federal statutory rate	$	9,006		35	%	$	3,420		35	%	$	5,309		35	%
Increase (decrease) in taxes resulting from:
Different tax rates applicable to foreign operations		(5,353	)	(21	%)		(4,458	)	(46	%)		(4,677	)	(31	%)

Increase in (reversal of) liability for uncertain
tax positions - net		3,032		12	%		1,907		20	%		(522	)	(3	%)

Utilization of research and experimentation, solar and foreign
tax credits		(349	)	(1	%)		(508	)	(5	%)		(1,049	)	(7	%)

State taxes, net of federal benefit		56		0	%		(183	)	(2	%)		117		1	%

Current year (reversal) increase in U.S. valuation allowances		(343	)	(1	%)		335		3	%		49		0	%

Federal tax on profit of foreign disregarded entities
net of deferred tax		872		3	%		770		8	%		-		0	%

Other, including qualified production activity credits, SERP/COLI
income, under/(over) accruals, unrealized foreign exchange gains
and amortization of purchase accounting intangibles		(386	)	(2	%)		(116	)	(1	%)		30		0	%
Tax (benefit) provision computed at the Company's
effective tax rate	$	6,535		25	%	$	1,167		12	%	$	(743	)	(5	%)

Components of deferred income tax assets

Components of deferred income tax assets are as follows:

	December 31,
	2015			2014
	Tax Effect			Tax Effect
				(Revised)
Deferred tax assets:
State tax credits	$	902		$	954
Unfunded pension liability		1,327			1,301
Reserves and accruals		4,349			2,095
Federal, state and foreign net operating loss
and credit carryforwards		10,953			15,361
Depreciation		880			962
Amortization		814			995
Acquired deferred taxes		-			10,775
Other accruals		9,622			3,253
Total deferred tax assets		28,847			35,696
Deferred tax liabilities:
Reserves and accruals		64			68
Depreciation		2,391			707
Amortization		23,772			21,062
Acquired deferred taxes		-			8,053
Other accruals		857			1,522
Total deferred tax liabilities		27,084			31,412
Valuation allowance		6,635			6,692
Net deferred tax assets/(liabilities)	$	(4,872	)	$	(2,408	)