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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Reconciliation of Company's Effective Tax Rate to U.S. Federal Statutory Rate

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

		Years Ended December 31,
		2013				2012				2011
U.S. Federal income tax statutory rate			35.0	%			35.0	%			35.0	%
Federal tax credits			(1.8	)			—				(0.7	)
State income taxes, net of federal benefit			1.3				1.3				1.1
Effect of foreign operations taxed at various rates			0.3				(2.6	)			(4.1	)
Qualified production activity tax benefit			(1.4	)			(0.5	)			(1.1	)
Deferred tax asset valuation allowance			(0.7	)			1.4				0.6
Income tax charges on accumulated foreign earnings			10.9				—				—
Tax benefit related to reinstatement of tax incentives			(4.0	)			—				—
Other			0.1				1.5				(0.5	)
			39.7	%			36.1	%			30.3	%

Components of Income from Continuing Operations Before Income Taxes and Related Provision for Income Taxes

The components of income from continuing operations before income taxes and the related provision for income taxes consist of the following:

		Years Ended December 31,
		2013				2012				2011
Income from continuing operations before income taxes:
United States		$	29,546			$	28,652			$	108,474
Foreign			29,755				46,484				77,578
		$	59,301			$	75,136			$	186,052
Current taxes:
United States		$	11,338			$	14,745			$	40,856
State			1,159				783				2,602
Foreign			14,117				7,760				5,314
			26,614				23,288				48,772
Deferred taxes:
United States			(1,730	)			2,019				7,795
State and Foreign			(1,359	)			1,800				(246	)
			(3,089	)			3,819				7,549
Provision for income taxes		$	23,525			$	27,107			$	56,321

Significant Components of Deferred Tax Assets and Deferred Tax Liabilities

The significant components of the deferred tax assets and deferred tax liabilities are as follows:

		Years Ended December 31,
		2013				2012
Deferred tax assets:
Loss carry-forwards and credits		$	28,138			$	29,032
Inventory and warranty reserves			10,890				10,959
Accounts receivable and other accruals			2,615				2,647
Stock-based compensation			3,581				5,032
Executive supplemental retirement benefits			8,026				6,132
Other			63				—
Total deferred tax assets		$	53,313			$	53,802
Deferred tax liabilities:
Acquired intangible assets			(2,782	)			(5,857	)
Depreciation and amortization			(5,085	)			(4,461	)
Other			(1,202	)			(1,145	)
Total deferred tax liabilities			(9,069	)			(11,463	)
Valuation allowance			(27,102	)			(27,497	)
Net deferred tax assets		$	17,142			$	14,842

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits

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

		Years Ended December 31,
		2013				2012				2011
Balance at beginning of year		$	40,674			$	36,540			$	22,028
Decreases for prior years			—				—				(3	)
Increases for the current year			7,308				4,134				16,663
Reductions related to settlements with taxing authorities			—				—				(2,148	)
Reductions related to expiration of statute of limitations			(298	)			—				—
Balance at end of year		$	47,684			$	40,674			$	36,540

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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