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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

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,
		2014				2013				2012
U.S. Federal income tax statutory rate			35.0	%			35.0	%			35.0	%
Federal tax credits			(1.0	)			(1.8	)			—
State income taxes, net of federal benefit			2.0				1.3				1.3
Effect of foreign operations taxed at various rates			(7.3	)			0.3				(2.6	)
Qualified production activity tax benefit			(1.8	)			(1.4	)			(0.5	)
Deferred tax asset valuation allowance			(0.5	)			(0.7	)			1.4
Release of income tax reserves (including interest)			(10.7	)			—				—
Foreign tax credits in excess of taxes on foreign dividends			(1.0	)			—				—
Income tax charges on accumulated foreign earnings			—				10.9				—
Tax benefit related to reinstatement of tax incentives			—				(4.0	)			—
Other			0.4				0.1				1.5
			15.1	%			39.7	%			36.1	%

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,
		2014				2013				2012
Income from continuing operations before income taxes:
United States		$	86,015			$	29,546			$	28,652
Foreign			50,378				29,755				46,484
		$	136,393			$	59,301			$	75,136
Current taxes:
United States		$	8,361			$	11,338			$	14,745
State			1,124				1,159				783
Foreign			5,866				14,117				7,760
			15,351				26,614				23,288
Deferred taxes:
United States			8,908				(1,730	)			2,019
State and Foreign			(3,644	)			(1,359	)			1,800
			5,264				(3,089	)			3,819
Provision for income taxes		$	20,615			$	23,525			$	27,107

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,
		2014				2013
Deferred tax assets:
Loss carry-forwards and credits		$	30,523			$	28,138
Inventory and warranty reserves			15,015				10,890
Accounts receivable and other accruals			2,726				2,615
Stock-based compensation			3,255				3,581
Executive supplemental retirement benefits			3,321				8,026
Other			—				63
Total deferred tax assets		$	54,840			$	53,313
Deferred tax liabilities:
Acquired intangible assets			(2,833	)			(2,782	)
Depreciation and amortization			(6,537	)			(5,085	)
Other			(2,002	)			(1,202	)
Total deferred tax liabilities			(11,372	)			(9,069	)
Valuation allowance			(26,763	)			(27,102	)
Net deferred tax assets		$	16,705			$	17,142

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,
		2014				2013				2012
Balance at beginning of year		$	47,684			$	40,674			$	36,540
Decreases for prior years			(13	)			—				—
Increases for the current year			550				7,308				4,134
Reductions related to settlements with taxing authorities			(18,235	)			—				—
Reductions related to expiration of statute of limitations			(10,376	)			(298	)			—
Balance at end of year		$	19,610			$	47,684			$	40,674

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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

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-Publisher FASB

-Name Accounting Standards Codification

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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.

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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.

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

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