Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(in thousands )	2016			2015		2014
Domestic	$	(9,563	)	$	1,313	$	35,264
Foreign		132,837			105,635		96,382
Income before income taxes	$	123,274		$	106,948	$	131,646

(in thousands )	2016			2015			2014
Current:
Federal	$	(3,992	)	$	(6,686	)	$	8,003
State		(648	)		2,078			1,275
Foreign		28,695			19,211			28,756
Subtotal		24,055			14,603			38,034
Deferred:
Federal and State		(1,594	)		11,330			(1,513	)
Foreign		(3,675	)		149			(2,975	)
Subtotal		(5,269	)		11,479			(4,488	)
Provision for income taxes	$	18,786		$	26,082		$	33,546

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(in thousands )	2016			2015			2014
Tax expense at statutory rate of 35%	$	43,146		$	37,432		$	46,076
State and local taxes, net of federal tax benefit		(415	)		1,907			1,186
Foreign income tax rate differential		(25,471	)		(18,253	)		(13,663	)
Impairment of goodwill without tax benefit		3,088			—			—
Tax on unremitted earnings		2,747			—			—
Mexico manufacturing operations restructuring		—			4,841			—
Nondeductible professional fees		313			1,011			—
Tax deduction for stock of foreign subsidiary		(3,896	)		—			—
Other, net		(726	)		(856	)		(53	)
Provision for income taxes	$	18,786		$	26,082		$	33,546

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(in thousands )	2016			2015
Deferred tax assets:
Accrued expenses	$	31,770		$	19,738
Foreign tax credit carryforwards		6,472			1,529
Accrued restructuring		456			1,115
Capital losses		4,557			4,557
Domestic and foreign net operating loss carryforwards		2,223			684
Gross deferred tax assets		45,478			27,623
Less: Valuation allowance		(6,738	)		(4,557	)
Total deferred tax assets		38,740			23,066
Deferred tax liabilities:
Tax depreciation and amortization in excess of book		23,471			22,747
Foreign tax on unremitted earnings		1,750			—
Total deferred tax liabilities		25,221			22,747
Net deferred tax assets	$	13,519		$	319

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

(in thousands)	Unrecognized Tax Benefits
Balance at December 27, 2014	$	2,550
Additions for tax positions taken in the current year		982
Balance at January 2, 2016		3,532
Additions for tax positions taken in the current year		2,696
Additions for tax positions taken in the pre-acquisition periods of acquired subsidiaries		2,491
Settlements		(102	)
Balance at December 31, 2016	$	8,617