INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

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:

	2017			2016			2015
Liability for uncertain tax positions - January 1	$	27,828		$	42,158		$	39,970
Additions based on tax positions
related to the current year		2,168			2,483			3,241
Translation adjustment		804			(881	)		(844	)
Settlement/expiration of statutes of limitations		(370	)		(15,932	)		(209	)
Liability for uncertain tax positions - December 31	$	30,430		$	27,828		$	42,158

Provision (benefit) for income taxes

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

	Years Ended December 31,
	2017			2016			2015
Current:
Federal	$	16,055		$	(1,163	)	$	1,494
State		115			18			70
Foreign		5,685			(10,172	)		5,327
		21,855			(11,317	)		6,891
Deferred:
Federal		(1,312	)		(6,272	)		1,019
State		(329	)		(464	)		(64	)
Foreign		1,326			335			(1,311	)
		(315	)		(6,401	)		(356	)

	$	21,540		$	(17,718	)	$	6,535

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,
	2017					2016					2015
	$			%		$			%		$			%
Tax (benefit) provision computed at the
federal statutory rate	$	3,375		35	%	$	(28,893	)	35	%	$	9,006		35	%
Increase (decrease) in taxes resulting from:
Different tax rates applicable to foreign operations		(2,531	)	(26	%)		(4,427	)	5	%		(5,353	)	(21	%)

Impairment of goodwill & intangibles		-		0	%		30,445		(37	%)		-		0	%

Increase in (reversal of) liability for uncertain
tax positions - net		1,082		11	%		(13,974	)	17	%		3,032		12	%

Impact of U.S. Tax Reform		19,171		199	%		-		0	%		-		0	%

Utilization of research and experimentation, solar and foreign
tax credits		(272	)	(3	%)		(349	)	0	%		(349	)	(1	%)

State taxes, net of federal benefit		(261	)	(3	%)		(420	)	1	%		56		0	%

Foreign tax on gain, net of federal benefit		1,223		13	%		-		0	%		-		0	%

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

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

Other, including qualified production activity credits, SERP/COLI
income, under/(over) accruals, unrealized foreign exchange gains
and amortization of purchase accounting intangibles		(247	)	(3	%)		(100	)	0	%		(386	)	(2	%)
Tax (benefit) provision computed at the Company's
effective tax rate	$	21,540		223	%	$	(17,718	)	21	%	$	6,535		25	%

Components of deferred income tax assets

Components of deferred income tax assets are as follows:

	December 31,
	2017		2016
	Tax Effect		Tax Effect

Deferred tax assets:
State tax credits	$	1,033	$	902
Unfunded pension liability		1,139		1,398
Reserves and accruals		2,828		4,335
Federal, state and foreign net operating loss
and credit carryforwards		10,524		12,891
Depreciation		917		1,057
Amortization		-		-
Other accruals		4,915		8,278
Total deferred tax assets		21,356		28,861
Deferred tax liabilities:
Reserves and accruals		-		64
Depreciation		989		3,028
Amortization		8,490		15,361
Other accruals		946		973
Total deferred tax liabilities		10,425		19,426
Valuation allowance		8,343		7,485
Net deferred tax assets/(liabilities)	$	2,588	$	1,950