Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

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)				2017		2016		2015
	Current:
		U.S. Federal	$	85,634	$	(1,033)	$	619
		State and local		804		498		798
		Foreign		9,047		(2,379)		6,002
				95,485		(2,914)		7,419
	Deferred:
		U.S. Federal		10,177		3,926		(12,322)
		State and local		(213)		1,196		1,194
		Foreign		(702)		1,933		(1,653)
				9,262		7,055		(12,781)
			$	104,747	$	4,141	$	(5,362)

Schedule Of Income Before Income Taxes

Worldwide income (loss) before income taxes consisted of the following:
			Year Ended December 31,
(in thousands)			2017		2016		2015
	United States	$	(12,131)	$	6,520	$	18,599
	Foreign		84,913		61,668		71,440
		$	72,782	$	68,188	$	90,039

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)				2017		2016		2015
	Tax at statutory rate		$	25,474	$	23,866	$	31,514
	State taxes, net of federal tax effect			384		1,102		1,295
	Effect of foreign operations and tax incentives			(20,703)		(15,496)		(21,820)
	Change in valuation allowance			(203)		(1,152)		(19,640)
	Excess tax-benefits of stock-based compensation			(1,658)		—		—
	Provisional impact of U.S. Tax Reform			97,707		—		—
	Losses in foreign jurisdictions for which no benefit has
		been provided		106		2,106		3,711
	Change in uncertain tax benefits reserve			—		(8,270)		(1,653)
	Other			3,640		1,985		1,231
	Total income tax expense		$	104,747	$	4,141	$	(5,362)

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)				2017		2016
	Deferred tax assets:
		Carrying value of inventories	$	2,474	$	2,400
		Accrued liabilities and allowances deductible for tax purposes on a cash basis		6,387		5,663
		Goodwill		2,732		4,814
		Stock-based compensation		2,359		3,856
		Net operating loss carryforwards		22,096		38,988
		Tax credit carryforwards		2,007		8,688
		Other		5,924		6,812
				43,979		71,221
		Less: valuation allowance		(15,823)		(16,026)
		Net deferred tax assets		28,156		55,195
	Deferred tax liabilities:
		Plant and equipment, due to differences in depreciation		(8,543)		(11,499)
		Intangible assets, due to differences in amortization		(20,891)		(35,492)
		Other		(1,715)		(1,632)
		Gross deferred tax liability		(31,149)		(48,623)
		Net deferred tax asset (liability)	$	(2,993)	$	6,572
	The net deferred tax asset (liability) is classified as follows:
		Long-term asset	$	4,034	$	6,572
		Long-term liability		(7,027)		—
		Total	$	(2,993)	$	6,572

Schedule Of Tax Incentives

The net impact of these tax incentives was to lower income tax expense for 2017, 2016, and 2015 by approximately $7.2 million (approximately $0.15 per diluted share), $6.7 million (approximately $0.13 per diluted share) and $13.7 million (approximately $0.26 per diluted share), respectively, as follows:

			Year Ended December 31,
(in thousands)			2017		2016		2015
	China	$	1,398	$	1,302	$	5,347
	Malaysia		4,295		2,346		2,075
	Thailand		1,545		3,068		6,271
		$	7,238	$	6,716	$	13,693

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)				2017		2016		2015
	Balance as of January 1		$	7,791	$	13,114	$	14,756
	Additions related to current year tax positions			220		—		—
	Decreases as a result of a lapse of applicable statute of
		limitations in current year		—		(5,079)		(1,653)
	Additions related to prior year tax positions			894		89		800
	Decreases related to prior year tax positions			(8,197)		(333)		(789)
	Balance as of December 31		$	708	$	7,791	$	13,114