INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Income (loss) before income taxes consisted of the following:



	Years Ended December 31,
	2013			2012		2011
	(In thousand)
United States operations	$	(27,281	)	$	25,293	$	1,507
Foreign operations	2,491			26,736		26,987
Total	$	(24,790	)	$	52,029	$	28,494

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. Federal statutory rate to the Company’s effective tax rate is as follows:



	Years Ended December 31,
	2013		2012		2011
Federal statutory rate	35.0	%	35.0	%	35.0	%
Increase (decrease) in income taxes resulting from:
State income taxes, net of federal tax benefit	(0.3	)%	2.6	%	5.0	%
Foreign operations	(21.8	)%	(14.7	)%	(11.5	)%
Goodwill impairment	43.1	%	—	%	—	%
Changes in valuation allowances	(1.3	)%	(0.4	)%	(14.0	)%
Uncertain tax positions	(10.8	)%	(2.5	)%	(5.8	)%
Research and development credit	(2.2	)%	—	%	(3.0	)%
Return to provision	(8.3	)%	(0.5	)%	(5.4	)%
Other	(1.9	)%	1.3	%	1.5	%
Effective tax rate	31.5	%	20.8	%	1.8	%

Schedule Of Provision For Income Taxes

The provision for income taxes consisted of the following:



	Years Ended December 31,
	2013			2012			2011
	(In thousands)
Current:
Federal	$	3,200		$	3,614		$	(934	)
State	(1,359		)	1,373			(1,530		)
Foreign	1,175			4,301			1,813
Total current	$	3,016		$	9,288		$	(651	)
Deferred:
Federal	(11,767		)	4,053			1,078
State	(596		)	497			2,236
Foreign	1,534			(3,013		)	(2,158		)
Total deferred	$	(10,829	)	$	1,537		$	1,156
Provision for income taxes	$	(7,813	)	$	10,825		$	505

Schedule Of Deferred Tax Assets And Liabilities

The income tax effects of significant temporary differences that give rise to deferred tax assets and liabilities, shown before jurisdictional netting, are presented below:



	December 31,
	2013			2012
	(In thousands)
Current assets:
Doubtful accounts	$	1,791		$	1,829
Inventory related items	34,968			26,549
Tax credits	3,883			3,275
Accrued vacation	2,492			2,335
Accrued bonus	1,266			4,111
Net operating loss carryforwards	2,224			—
Other	1,960			4,095
Total current deferred tax assets	48,584			42,194
Less valuation allowance	(2,222		)	(2,922		)
Current deferred tax assets after valuation allowance	$	46,362		$	39,272
Current liabilities:
Other	(646		)	(314		)
Total current deferred tax liabilities	$	(646	)	$	(314	)
Net current deferred tax assets	$	45,716		$	38,958



	December 31,
	2013			2012
	(In thousands)
Non-current assets:
Benefit and compensation	$	—		$	(500	)
Stock compensation	14,879			12,730
Deferred revenue	186			162
Net operating loss carryforwards	26,593			36,037
Federal & state tax credits	19,045			19,851
Other	897			—
Total non-current deferred tax assets	61,600			68,280
Less valuation allowance	(6,810		)	(11,321		)
Non-current deferred tax assets after valuation allowance	$	54,790		$	56,959
Non-current liabilities:
Intangible & fixed assets	(41,563		)	(46,650		)
Other	105			359
Total non-current deferred tax liabilities	$	(41,458	)	$	(46,291	)
Net non-current deferred tax assets	$	13,332		$	10,668
Total net deferred tax assets	$	59,048		$	49,626

Schedule of Uncertain Tax Benefits Reconciliation

A reconciliation of the beginning and ending amount of uncertain tax benefits is as follows:



	Years Ended December 31,
	2013			2012			2011
	(In thousands)
Balance, beginning of year	$	6,136		$	3,927		$	5,530
Gross increases:
Current year tax positions	349			—			—
Prior years' tax positions	729			7,796			1,001
Gross decreases:
Prior years' tax positions	(477		)	—			—
Settlements	—			(3,523		)	(962		)
Statute of limitations lapses	(3,338		)	(2,064		)	(1,642		)
Balance, end of year	$	3,399		$	6,136		$	3,927