INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

INCOME TAXES

Schedule of components of income before income taxes

The components of income before income taxes for the years ended December 31, 2016, 2015 and 2014 are as follows (in thousands):

	2016		2015		2014
Domestic	$	28,047	$	50,563	$	57,767
Foreign		17,327		5,638		28,401
Total	$	45,374	$	56,201	$	86,168

Schedule of reconciliation from the tax computed at statutory income tax rates to the Company's income tax expense

	2016		2015		2014
Domestic	$	28,047	$	50,563	$	57,767
Foreign		17,327		5,638		28,401
Total	$	45,374	$	56,201	$	86,168

The following is a reconciliation from the tax computed at statutory income tax rates to the Company’s income tax expense for the years ended December 31, 2016, 2015, and 2014 (in thousands):

	2016		2015		2014
Tax computed at statutory U.S. federal income tax rates	$	15,782	$	19,652	$	30,160
Non controlling interest		(2,893)		(2,807)		(1,229)
Foreign tax rate differential		(3,074)		1,659		(5,757)
Over (under) provided in prior periods		1,069		652		(401)
Nondeductible expenses		1,134		1,113		757
Goodwill Impairment		2,622		—		—
Capitalized transactions costs		3,138		—		—
Change in tax reserves		2,561		2,564		2,153
State Taxes, net of federal benefit		1,853		935		1,252
Change in valuation allowance		(7,292)		(5,949)		(2,549)
Foreign tax credit expiration		4,179		6,396		2,999
Other, net		2,081		(78)		763
Total Income Tax Expense	$	21,160	$	24,137	$	28,148

Schedule of components of income tax expense (benefit)

The components of income tax expense (benefit) for the years ended December 31, 2016, 2015 and 2014 are as follows (in thousands):

\
	2016		2015		2014
Current:
United States—Federal	$	15,763	$	(1,308)	$	14,761
United States—State		505		(383)		1,347
Foreign		10,528		7,959		12,153
Total current income tax expense	$	26,796	$	6,268	$	28,261
Deferred:
United States—Federal	$	(1,880)	$	16,760	$	5,205
United States—State		(291)		1,636		466
Foreign		(3,465)		(527)		(5,784)
Total deferred income tax expense (benefit)		(5,636)		17,869		(113)
Consolidated:
United States—Federal	$	13,883	$	15,452	$	19,966
United States—State		214		1,253		1,813
Foreign		7,063		7,432		6,369
Total income tax expense	$	21,160	$	24,137	$	28,148

Schedule of significant components of deferred tax assets and liabilities

The significant components of deferred tax assets and liabilities are as follows as of December 31, 2016 and 2015 (in thousands):

	2016		2015
Deferred tax assets:
Receivables reserve	$	1,470	$	702
Temporary differences not currently deductible for tax		8,918		7,236
Deferred compensation		2,461		2,135
Foreign tax credit carryforwards		—		4,180
Pension		1,085		1,153
Net operating losses		29,571		4,463
Total deferred tax asset		43,505		19,869
Deferred tax liabilities:
Property, plant and equipment, net	$	41,136	$	43,718
Intangible assets, net		6,122		13,743
Total deferred tax liabilities		47,258		57,461
Valuation allowance		(42,462)		(7,814)
Net deferred tax liabilities	$	(46,215)	$	(45,406)

Schedule of deferred tax assets and liabilities

Deferred tax assets and liabilities are reflected in the accompanying consolidated balance sheets as follows (in thousands):

	2016		2015
Deferred tax assets:
Current	$	—	$	—
Long term		407		—
Total deferred tax asset	$	407	$	—
Deferred tax liabilities:
Current	$	—	$	—
Long term		(46,622)		(45,406)
Total deferred tax liabilities	$	(46,622)	$	(45,406)
Net deferred tax liabilities	$	(46,215)	$	(45,406)

Schedule of activity related to unrecognized tax benefits

The following shows the activity related to unrecognized tax benefits (not including interest and penalty) during the three years ended December 31, 2016 (in thousands):

Gross unrecognized tax benefits at December 31, 2013		14,050
Increase in unrecognized tax benefits taken during a prior period		177
Increase in unrecognized tax benefits taken during the current period		1,498
Lapse in statute of limitations		(226)
Settlements		—
Gross unrecognized tax benefits at December 31, 2014		15,499
Increase in unrecognized tax benefits taken during a prior period		—
Increase in unrecognized tax benefits taken during the current period		1,717
Lapse in statute of limitations		—
Settlements		—
Gross unrecognized uncertain tax benefits at December 31, 2015		17,216
Increase in unrecognized tax benefits taken during a prior period		561
Increase in unrecognized tax benefits taken during the current period		2,321
Lapse in statute of limitations		(1,673)
Settlements		(521)
Gross unrecognized uncertain tax benefits at December 31, 2016	$	17,904