Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

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

The following table provides an analysis of our provision for income taxes for the years ended December 31 (in thousands):

	2015		2014
Current:
U.S. Federal	$	1,207	$	-
U.S. State		251		23
Foreign		464		390
Total Current		1,922		413
Deferred:
U.S. Federal		673		(631)
U.S. State		(127)		(37)
Foreign		337		(6)
Total Deferred		883		(674)
Income tax provision (benefit)	$	2,805	$	(261)

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income (loss) before income taxes consisted of the following for the years ended December 31 (in thousands):

	2015		2014
Foreign	$	5,067	$	3,981
United States		4,669		(1,566)
Income before income taxes	$	9,736	$	2,415

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

A reconciliation of our income tax expense as compared to the tax expense calculated by applying the statutory federal tax rate to income before income taxes for the years ended December 31 is as follows:

	2015			2014
Computed expected income tax expense		34.0	%		34.0	%
State income taxes, net of federal benefits		1.7	%		(0.7)	%
Subpart F income adjustment		24.5	%		8.6	%
Foreign rate differential (excluding research credit)		(10.0)	%		(26.2)	%
Change in valuation allowance		(20.4)	%		(13.9)	%
French research and low wage credit		(2.3)	%		(14.6)	%
Other, net		1.3	%		1.9	%
Income tax expense		28.8	%		(10.8)	%

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

The primary components of net deferred income tax assets at December 31 are as follows (in thousands):

	2015		2014
Deferred tax assets:
Tax credits	$	1,602	$	4,392
Property and equipment		497		893
Stock compensation		615		605
French deferred assets		279		345
Bad debt reserves and inventory		828		463
Operating loss carry forwards		7		36
Other		672		102
Total gross deferred tax assets		4,500		6,836
Less:  valuation allowance		-		(2,024)
Total net deferred tax assets		4,500		4,812
Deferred tax liabilities:
Excess book basis in shares of GPI-SAS		1,603		1,503
French deferred liabilities		338		456
Intangible assets		379		111
Total deferred tax liabilities		2,320		2,070
Deferred tax assets, net	$	2,180	$	2,742

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

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, including estimated interest and penalties, is as follows (in thousands):

	2015		2014
Balance at beginning of year	$	-	$	-
Increases related to current year tax positions		241		-
Reductions due to settlements with taxing authorities		-		-
Foreign currency translation		-		-
Balance at end of year	$	241	$	-