XML 58 R43.htm IDEA: XBRL DOCUMENT
v3.6.0.2

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Components of Income (Loss) before Income Taxes | The components of income before income taxes are as follows (in thousands):
|  | Year ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
United States |  | $ | 69,595 |  |  | $ | 54,338 |  |  | $ | 60,485 |
Foreign |  |  | (997 | ) |  |  | (21,279 | ) |  |  | (1,158 | )
Income before income tax |  | $ | 68,598 |  |  | $ | 33,059 |  |  | $ | 59,327 |
Components of Income Tax Expense | The components of the income tax expense are as follows (in thousands):
|  | Year ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Current income tax benefit (expense): |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (4,485 | ) |  | $ | (1,018 | ) |  | $ | — |
State |  |  | (47 | ) |  |  | (2 | ) |  |  | (2 | )
Foreign |  |  | (12,902 | ) |  |  | (10,224 | ) |  |  | (8,363 | )
|  |  | (17,434 | ) |  |  | (11,244 | ) |  |  | (8,365 | )
Deferred income tax (expense) benefit: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (2,683 | ) |  |  | (7,145 | ) |  |  | (9,652 | )
State |  |  | (503 | ) |  |  | 51 |  |  |  | 575 |
Foreign |  |  | 92 |  |  |  | (43 | ) |  |  | (31 | )
|  |  | (3,094 | ) |  |  | (7,137 | ) |  |  | (9,108 | )
Income tax expense |  | $ | (20,528 | ) |  | $ | (18,381 | ) |  | $ | (17,473 | )
Reconciliation of the Statutory U.S. Federal Tax Rate to the Effective Tax Rate | Reconciliation of the statutory U.S. federal tax rate to the Company's effective tax rate is as follows:
|  | Year ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Statutory U.S. federal income tax rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State income taxes, net of federal benefit |  |  | 0.5 | % |  |  | (0.1 | )% |  |  | (0.4 | )%
Effect of foreign operations |  |  | 0.9 | % |  |  | 15.2 | % |  |  | 0.7 | %
Accruals and reserves |  |  | 3.2 | % |  |  | 0.0 | % |  |  | (4.5 | )%
Nondeductible employee compensation |  |  | 1.5 | % |  |  | 2.5 | % |  |  | 0.5 | %
Research tax credits |  |  | (1.3 | )% |  |  | (4.4 | )% |  |  | (2.5 | )%
Change in valuation allowance |  |  | (9.7 | )% |  |  | 8.4 | % |  |  | (0.4 | )%
Other |  |  | (0.2 | )% |  |  | (1.0 | )% |  |  | 1.0 | %
Effective tax rate |  |  | 29.9 | % |  |  | 55.6 | % |  |  | 29.4 | %
Tax Loss and Tax Credit Carryforwards | The following table summarizes Company tax loss and tax credit carry forwards for tax return purposes at December 31, 2016 (in thousands):
|  | Related Tax Deduction |  |  | Tax Benefit |  |  | Expiration Date
Loss carry forwards: |  |  |  |  |  |  |  |  |  |
Federal net operating loss |  | $ | — |  |  | $ | — |  |  |
Foreign net operating loss |  |  | 27,473 |  |  |  | 3,434 |  |  | n/a
Total loss carry forwards |  | $ | 27,473 |  |  | $ | 3,434 |  |  |
Tax credit carry forwards: |  |  |  |  |  |  |  |  |  |
Research tax credits |  | n/a |  |  | $ | 12,696 |  |  | 2027 to 2036
Foreign tax credits |  | n/a |  |  |  | 13,754 |  |  | 2023 to 2026
State research tax credits |  | n/a |  |  |  | 2,383 |  |  | 2023 to 2030
Total credit carry forwards |  | n/a |  |  | $ | 28,833 |  |  |
Significant Components of Deferred Tax Assets and Liabilities | Significant components of the Company's net deferred tax assets and liabilities are as follows (in thousands):
|  | December 31, |
|  | 2016 |  |  | 2015 |
Deferred tax asset: |  |  |  |  |  |  |  |
Net operating loss carry forwards |  | $ | 3,405 |  |  | $ | 3,716 |
Capitalized technology license |  |  | 4,163 |  |  |  | 3,922 |
Capitalized research expenditures |  |  | 8,100 |  |  |  | 10,206 |
Accruals and reserves |  |  | 1,112 |  |  |  | 3,275 |
Retirement plan |  |  | 9,723 |  |  |  | 8,062 |
Deferred revenue |  |  | 516 |  |  |  | 731 |
Tax credit carry forwards |  |  | 1,846 |  |  |  | 7,973 |
Stock-based compensation |  |  | 2,889 |  |  |  | 2,012 |
Other |  |  | 874 |  |  |  | 1,857 |
|  |  | 32,628 |  |  |  | 41,754 |
Valuation allowance |  |  | (7,950 | ) |  |  | (14,483 | )
Deferred tax assets |  |  | 24,678 |  |  |  | 27,271 |
Deferred tax liability: |  |  |  |  |  |  |  |
Acquisition goodwill |  |  | (185 | ) |  |  | — |
Deferred tax liabilities |  |  | (185 | ) |  |  | — |
Net deferred tax assets |  | $ | 24,493 |  |  | $ | 27,271 |

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, and tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates and the related deferred tax assets. + References No definition available. + Details
Name: | oled_SummaryOfOperatingLossAndTaxCreditCarryforwardsTableTextBlock
Namespace Prefix: | oled_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration