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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income from Operations Before Income Taxes

		December 31, 2017				December 31, 2016				December 31, 2015
The components of income from operations before income taxes are as follows:
Domestic		$	(6,709	)		$	(4,882	)		$	(2,490	)
Foreign			13,957				16,574				15,913
Total		$	7,248			$	11,692			$	13,423

Provision for Income Taxes

		December 31, 2017				December 31, 2016				December 31, 2015
The components of income from operations before income taxes are as follows:
Domestic		$	(6,709	)		$	(4,882	)		$	(2,490	)
Foreign			13,957				16,574				15,913
Total		$	7,248			$	11,692			$	13,423
The current and deferred components of the provision for income taxes on operations are as follows:
Current		$	3,624			$	4,077			$	3,745
Deferred			(24,729	)			(4,066	)			333
Total		$	(21,105	)		$	11			$	4,078
The jurisdictional components of the provision for income taxes on operations are as follows:
Federal		$	(24,012	)		$	(3,809	)		$	295
State			(438	)			(207	)			276
Foreign			3,345				4,027				3,507
Total		$	(21,105	)		$	11			$	4,078

Consolidated Deferred Tax Assets (Liabilities)

		December 31, 2017				December 31, 2016
Deferred tax assets:
Temporary timing differences:
Stock compensation		$	1,662			$	1,722
Contingent consideration			2,196				3,333
Other			1,704				1,895
Total temporary timing differences			5,562				6,950
Net operating loss carryforwards			4,361				12,284
Tax business credits carryforwards			1,265				2,036
Total deferred tax assets			11,188				21,270
Valuation allowance			(6	)			(9,979	)
Net deferred tax assets		$	11,182			$	11,291
Deferred tax liabilities:
Goodwill and intangible assets		$	(33,166	)		$	(7,346	)
Conversion option on convertible notes			(3,183	)			(6,048	)
Total deferred tax liabilities		$	(36,349	)		$	(13,394	)
Net deferred tax liabilities		$	(25,167	)		$	(2,103	)

Reconciliation of Federal Statutory Rate to Effective Income Tax Rate

The reconciliation of the federal statutory rate to the effective income tax rate for the fiscal years ended December 31, 2017, 2016 and 2015 is as follows (amounts in thousands):

		Year Ended
		December 31, 2017								December 31, 2016								December 31, 2015
Income before income taxes		$	7,248							$	11,692							$	13,423
Expected tax at statutory rate			2,537				35.0	%			3,975				34.0	%			4,564				34.0	%
Adjustments due to:
Difference between U.S. and foreign tax			(1,797	)			(24.8	%)			(2,031	)			(17.4	%)			(1,910	)			(14.2	%)
State income and franchise taxes			(307	)			(4.2	%)			(326	)			(2.8	%)			563				4.2	%
Business tax credits			(7,708	)			(9.8	%)			(236	)			(2.0	%)			(115	)			(0.9	%)
Permanent differences:
Stock compensation			(946	)			(13.1	%)			31				0.3	%			348				2.6	%
Transaction costs			1,232				17.0	%			156				1.3	%			—				—
Other			470				6.4	%			380				3.2	%			(230	)			(1.7	%)
Change in U.S. federal tax rates			(12,839	)			(177.2	%)			—				—				—				—
Transition tax			3,266				45.1	%			—				—				—				—
Change in valuation allowance			(12,164	)			(167.8	%)			(1,981	)			(16.9	%)			1,216				9.1	%
Other			(151	)			(2.1	%)			43				0.4	%			(358	)			(2.7	%)
Provision for income taxes		$	(21,105	)			(291.2	%)		$	11				0.1	%		$	4,078				30.4	%

Summary of Tax Returns Periods Subject to Examination by Federal, State and International Taxing Authorities

The Company’s tax returns are subject to examination by federal, state and international taxing authorities for the following periods:

Jurisdiction		Fiscal years subject to examination
United States – federal and state			2014-2017
Sweden			2011-2017
Germany			2016-2017
Netherlands			2012-2017

Reconciliation of Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):

Unrecognized tax benefits at January 1, 2017			1,407
Gross increases – tax positions in prior period			679
Gross increases – tax positions in current period			199
Gross decreases – release			(479	)
Unrecognized tax benefits at December 31, 2017		$	1,806

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- Definition

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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

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