v2.4.1.9
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Rates [Table Text Block]
The following table summarizes income tax rates under the tax reform law:
 
 
 
2015
 
 
2016
 
 
2017
 
 
2018
 
 
2019
 
Income Tax
 
 
25
%
 
 
25
%
 
 
25
%
 
 
25
%
 
 
25
%
CREE Tax
 
 
9
%
 
 
9
%
 
 
9
%
 
 
9
%
 
 
9
%
CREE Surtax
 
 
5
%
 
 
6
%
 
 
8
%
 
 
9
%
 
 
-
 
Total Tax on Income
 
 
39
%
 
 
40
%
 
 
42
%
 
 
43
%
 
 
34
%
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The components of income tax expense (benefit) are as follows:
 
 
 
2015
 
 
2014
 
Current income tax
 
 
 
 
 
 
 
 
Foreign
 
$
4,929
 
 
$
2,423
 
Deferred income tax
 
 
 
 
 
 
 
 
Foreign
 
$
(157)
 
 
$
548
 
Total Provision for Income tax
 
 
4,772
 
 
 
2,971
 
Effective income tax rate
 
 
33.1
%
 
 
-173
%