XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.20.2

INCOME TAXES | 9 Months Ended
--- | ---
Sep. 30, 2020
INCOME TAXES |
INCOME TAXES | NOTE 5. INCOME TAXES The following table sets out the tax expense and the effective tax rate for our income from continuing operations: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30, | ​
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019 | ​
Income from continuing operations, before income taxes | ​ | $ | 52,396 | ​ | $ | 10,751 | ​ | $ | 108,583 | ​ | $ | 49,835 | ​
Provision for income taxes | ​ | $ | 6,783 | ​ | $ | 3,495 | ​ | $ | 15,293 | ​ | $ | 3,819 | ​
Effective tax rate | ​ | ​ | 12.9 | % | ​ | 32.5 | % | ​ | 14.1 | % | ​ | 7.7 | %
​ Our effective tax rates differ from the U.S. federal statutory rate of 21% for the three and nine months ended September 30, 2020 and 2019, respectively, primarily due to the benefit of earnings in foreign jurisdictions which are subject to lower tax rates, partially offset by additional global intangible low-taxed income tax (“GILTI”) in the U.S. The effective tax rate for the first nine months of 2020 was higher than the same period in 2019 primarily due to the absence of a favorable discrete tax item in 2019 related to the release of liabilities for uncertain tax positions in the first quarter of 2019. The lower effective tax rate in the three months ended September 30, 2020 was primarily due to the absence of unfavorable discrete tax items in 2019 related to the Artesyn acquisition and a change in the indefinite reinvestment assertion.

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 The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration