INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Schedule Of Income (Loss) Before Income Taxes

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



	Years Ended December 31,
	2018			2017			2016
	(In thousands)
United States operations	$	(21,218	)	$	(32,640	)	$	51,351
Foreign operations	78,621			44,025			39,055
Total	$	57,403		$	11,385		$	90,406

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,
	2018		2017		2016
Federal statutory rate	21.0	%	35.0	%	35.0	%
Increase (decrease) in income taxes resulting from:
State income taxes, net of federal tax benefit	(0.4	)%	(17.0	)%	(0.2	)%
Foreign operations	(21.8	)%	(112.7	)%	(10.0	)%
Excess tax benefits from stock compensation	(7.8	)%	(57.9	)%	(3.9	)%
Charitable contributions	(1.2	)%	(10.6	)%	(0.4	)%
Nondeductible meals and entertainment	1.6	%	8.8	%	0.8	%
Domestic production activities deduction	—	%	—	%	(2.6	)%
Intercompany profit in inventory	6.2	%	11.6	%	1.0	%
Nondeductible facilitative costs	—	%	22.5	%	0.2	%
Changes in valuation allowances	0.2	%	8.0	%	0.4	%
Uncertain tax positions	0.4	%	(4.6	)%	(0.3	)%
Research and development credit	(2.6	)%	(13.2	)%	(1.2	)%
Return to provision	(2.9	)%	(4.3	)%	(1.5	)%
Reduction of book gain on sale of assets	—	%	(4.6	)%	—	%
Tax reform — Toll Tax	—	%	48.1	%	—	%
Tax reform — remeasurement of deferred tax assets and liabilities	—	%	(378.6	)%	—	%
Global intangible low-taxed income ("GILTI")	3.5	%	—	%	—	%
Nondeductible executive compensation	1.6	%	—	%	—	%
Carryback of Federal net operating loss ("NOL")	(3.7	)%	—	%	—	%
Other	—	%	0.8	%	0.2	%
Effective tax rate	(5.9	)%	(468.7	)%	17.5	%

Schedule Of Provision For Income Taxes

The provision for income taxes consisted of the following:



	Years Ended December 31,
	2018			2017			2016
	(In thousands)
Current:
Federal	$	(3,880	)	$	6,644		$	13,700
State	1,609			1,233			2,503
Foreign	7,057			6,069			6,113
Total current	$	4,786		$	13,946		$	22,316
Deferred:
Federal	(7,202		)	(66,466		)	(3,400		)
State	(3,048		)	(758		)	(1,751		)
Foreign	2,066			(80		)	(1,323		)
Total deferred	$	(8,184	)	$	(67,304	)	$	(6,474	)
Provision for income taxes	$	(3,398	)	$	(53,358	)	$	15,842

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,
	2018			2017
	(In thousands)
Assets:
Doubtful accounts	$	1,507		$	1,811
Inventory related items	28,245			29,266
Tax credits	9,072			6,015
Accrued vacation	2,761			2,556
Accrued bonus	5,515			997
Stock compensation	10,093			10,426
Deferred revenue	2,173			2,395
Net operating loss carryforwards	33,350			37,492
Unrealized foreign exchange loss	1,405			1,177
Charitable contributions carryforward	1,994			1,287
Others	8,835			3,077
Total deferred tax assets	104,950			96,499
Less valuation allowance	(6,973		)	(7,961		)
Deferred tax assets after valuation allowance	$	97,977		$	88,538
Liabilities:
Intangible and fixed assets	(144,861		)	(146,327		)
Others	(4,089		)	(1,091		)
Total deferred tax liabilities	$	(148,950	)	$	(147,418	)
Total net deferred tax liabilities	$	(50,973	)	$	(58,880	)

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,
	2018			2017			2016
	(In thousands)
Balance, beginning of year	$	424		$	754		$	1,085
Gross increases:
Current year tax positions	273			402			—
Prior years' tax positions	—			—			380
Gross decreases:
Prior years' tax positions	—			(777		)	(546		)
Statute of limitations lapses	(21		)	(17		)	(131		)
Other	—			62			(34		)
Balance, end of year	$	676		$	424		$	754