XML 60 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

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,
		2021				2020				2019
United States		$	60,066			$	38,839			$	53,629
Foreign			168,181				124,690				116,276
Income before income taxes		$	228,247			$	163,529			$	169,905

Components of Income Tax Expense

The components of the income tax expense are as follows (in thousands):

		Year ended December 31,
		2021				2020				2019
Current income tax (expense) benefit:
Federal		$	(16,433	)		$	(14,773	)		$	(20,108	)
State			(641	)			(568	)			(755	)
Foreign			(25,212	)			(19,262	)			(16,514	)
			(42,286	)			(34,603	)			(37,377	)
Deferred income tax (expense) benefit:
Federal			(844	)			4,883				5,208
State			(734	)			(34	)			1,054
Foreign			(170	)			(403	)			(486	)
			(1,748	)			4,446				5,776
Income tax expense		$	(44,034	)		$	(30,157	)		$	(31,601	)

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,
		2021				2020				2019
Statutory U.S. federal income tax rate			21.0	%			21.0	%			21.0	%
State income taxes, net of federal benefit			0.2				0.2				0.1
Effect of foreign operations			(5.0	)			(5.2	)			(5.4	)
Accruals and reserves			(0.8	)			(1.0	)			(1.1	)
Nondeductible employee compensation			3.0				2.6				2.5
Research tax credits			(1.4	)			(1.8	)			(1.4	)
Stock based compensation			(0.3	)			(0.9	)			(1.7	)
U.S. International Tax (Sub F, GILTI, FDII)			2.1				3.5				3.8
Other			0.5				—				0.8
Effective tax rate			19.3	%			18.4	%			18.6	%

Tax Loss and Tax Credit Carryforwards

The following table summarizes Company tax credit carry forwards for tax return purposes as of December 31, 2021 (in thousands):

		Tax Benefit				Expiration Date
Tax credit carry forwards:
State research tax credits		$	6,156			2029 to 2036
Total credit carry forwards		$	6,156

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,
		2021				2020
Deferred tax asset:
Capitalized technology license and patents		$	561			$	580
Capitalized research expenditures			3,150				4,291
Accruals and reserves			4,733				4,178
Retirement plan			14,560				15,444
Deferred revenue			11,361				16,834
Tax credit carry forwards			6,156				4,589
Stock-based compensation			1,110				1,059
Other			5,819				1,914
			47,450				48,889
Valuation allowance			(5,911	)			(4,560	)
Deferred tax assets			41,539				44,329
Deferred tax liability:
Accruals and reserves			(8,086	)			(6,634	)
Deferred tax liabilities			(8,086	)			(6,634	)
Net deferred tax assets		$	33,453			$	37,695

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:	dtr-types: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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration