XML 86 R71.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Income (Loss) from continuing operations          
U.S. operations $ 54,018 $ 51,189 $ 52,315    
Foreign operations 12,473 (765) 17,223    
Profit Before Income Taxes 66,491 50,424 69,538    
Current:          
Federal 15,962 15,117 11,903    
Foreign 3,035 3,992 3,373    
State 1,859 1,685 1,543    
Current Income Tax Expense 20,856 20,794 16,819    
Deferred:          
Federal (472) (481) 2,650    
Foreign (434) (1,888) (524)    
State (73) (89) (58)    
Deferred Income Tax Expense (979) (2,458) 2,068    
Total:          
Federal 15,490 14,636 14,553    
Foreign 2,601 2,104 2,849    
State 1,786 1,596 1,485    
Total Income Tax Expense $ 19,877 $ 18,336 $ 18,887    
Effective income tax rate reconciliation          
Tax at statutory rate 35.00% 35.00% 35.00%    
Increases (decreases) in the tax rate from:          
State and local taxes, net of federal benefit 1.70% 2.20% 1.70%    
Effect of foreign operations (5.50%) (5.10%) (4.60%)    
Impairment of Long-Lived Assets 0.00% 7.00% 0.00%    
Effect of changes in valuation allowances 1.90% 1.50% (0.90%)    
Domestic production activities deduction (2.20%) (2.70%) (1.60%)    
Other, net (1.00%) (1.50%) (2.40%)    
Effective income tax rate 29.90% 36.40% 27.20%    
Deferred Tax Assets:          
Inventories, principally due to changes in inventory reserves       $ 332 $ 0
Employee wages and benefits, principally due to accruals for financial reporting purposes       14,723 16,395
Warranty reserves accrued for financial reporting purposes       3,617 3,101
Receivable, principally due to allowance for doubtful accounts and tax accounting method for equipment rentals       1,413 1,446
Tax loss carryforwards       7,821 5,834
Tax credit carryforwards       1,228 1,102
Other       2,126 603
Gross Deferred Tax Assets       31,260 28,481
Less: valuation allowance       (6,865) (5,884)
Total Net Deferred Tax Assets       24,395 22,597
Deferred Tax Liabilities:          
Inventories, principally due to changes in inventory reserves       0 617
Property, Plant and Equipment, principally due to differences in depreciation and related gains       6,947 6,619
Goodwill and Intangible Assets       4,180 3,315
Total Deferred Tax Liabilities       11,127 10,551
Net Deferred Tax Assets       13,268 12,046
Reconciliation of unrecognized tax benefits          
Balance at January 1, $ 2,326 $ 3,029      
Increases as a result of tax positions taken during the current year 545 532      
Decreases relating to settlement with tax authorities (6) (72)      
Reductions as a result of a lapse of the applicable statute of limitations (523) (760)      
Increases (Decreases) as a result of foreign currency fluctuations 135 (403)      
Balance at December 31, 2,477 2,326 $ 3,029    
Unrecognized tax benefits that would impact the effective tax rate       2,114 1,992
Unrecognized Tax Benefits $ 2,326 $ 3,029 $ 3,029 2,477 2,326
Accrued interest and penalties       490 $ 504
Maximum          
Income Tax General Disclosure [Abstract]          
Income Tax Examination, Year under Examination 2014        
Minimum          
Income Tax General Disclosure [Abstract]          
Income Tax Examination, Year under Examination 2007        
U.S.          
Income Tax General Disclosure [Abstract]          
Undistributed earnings of non-U.S. subsidiaries       14,650  
Dutch          
Operating loss carryforwards          
Tax loss carryforwards       17,276  
Tax loss carryforwards expiration 9 years        
Foreign tax credit carryforwards       1,228  
German          
Operating loss carryforwards          
Tax loss carryforwards       $ 10,764