Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes [Abstract]

Schedule Of Income Tax Expense

Note 9—Income Taxes
Income tax expense (benefit) based on income before income taxes consisted of the following:
		Year Ended December 31,
(in thousands)			2015		2014		2013
Current:
	U.S. Federal	$	619	$	(87)	$	(358)
	State and local		798		822		152
	Foreign		6,002		4,626		11,010
			7,419		5,361		10,804
Deferred:
	U.S. Federal		(12,322)		8,999		(11,069)
	State and local		1,194		1,663		1,437
	Foreign		(1,653)		1,365		3,846
			(12,781)		12,027		(5,786)
		$	(5,362)	$	17,388	$	5,018

Schedule Of Income Before Income Taxes

Worldwide income before income taxes consisted of the following:
		Year Ended December 31,
(in thousands)		2015		2014		2013
United States	$	18,599	$	24,260	$	19,093
Foreign		71,440		74,369		96,870
	$	90,039	$	98,629	$	115,963

Schedule Of Federal Statutory Income Tax Rate To Income Before Income Tax

Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income taxes as a result of the following:

			Year Ended December 31,
(in thousands)			2015		2014		2013
Tax at statutory rate		$	31,514	$	34,520	$	40,662
State taxes, net of federal tax effect			1,295		1,615		1,033
Effect of foreign operations and tax incentives			(21,820)		(24,330)		(19,138)
Change in valuation allowance			(19,640)		(118)		(17,880)
Chinese retroactive tax incentive			—		(1,227)		—
Losses in foreign jurisdictions for which no
	benefit has been provided		3,711		5,812		1,013
Change in uncertain tax benefits reserve			(1,653)		—		—
Other			1,231		1,116		(672)
Total income tax expense		$	(5,362)	$	17,388	$	5,018

Schedule Of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:

			December 31,
(in thousands)			2015		2014
Deferred tax assets:
Carrying value of inventories		$	4,391	$	4,772
Accrued liabilities and allowances deductible for tax purposes
	on a cash basis		6,052		5,620
Goodwill			8,035		8,433
Stock-based compensation			6,723		6,583
Net operating loss carryforwards			35,879		40,217
Tax credit carryforwards			8,121		7,148
Other			9,009		8,977
			78,210		81,750
Less: valuation allowance			(17,202)		(36,682)
Net deferred tax assets			61,008		45,068
Deferred tax liabilities:
Plant and equipment, due to differences in depreciation			(6,138)		(5,402)
Intangible assets, due to differences in amortization			(39,060)		(6,102)
Other			(1,722)		(2,151)
Gross deferred tax liability			(46,920)		(13,655)
Net deferred tax asset		$	14,088	$	31,413

Schedule Of Tax Incentives

The net impact of these tax incentives was to lower income tax expense for 2015, 2014, and 2013 by approximately $13.7 million (approximately $0.26 per diluted share), $12.7 million (approximately $0.23 per diluted share) and $8.8 million (approximately $0.16 per diluted share), respectively, as follows:

		Year Ended December 31,
(in thousands)		2015		2014		2013
China	$	5,347	$	2,800	$	—
Malaysia		2,075		2,299		1,559
Thailand		6,271		7,622		7,283
	$	13,693	$	12,721	$	8,842

Schedule Of Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:

			December 31,
(in thousands)			2015		2014		2013
Balance as of January 1		$	14,756	$	18,174	$	18,070
Additions related to current year tax positions			—		968		—
Decreases as a result of a lapse of applicable
	statute of limitations in current year		(1,653)		—		—
Additions related to prior year tax positions			800		—		104
Decreases related to prior year tax positions			(789)		(4,386)		—
Balance as of December 31		$	13,114	$	14,756	$	18,174