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PROVISION FOR INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

U.S. and foreign components of income before income taxes [Table Text Block]

U.S. and foreign components of income before income taxes were:

	Year Ended December 31,
(in thousands)	2017				2016				2015
U.S. operations	$	(6,944	)		$	(477	)		$	(2,246	)
Foreign operations	67,243				50,429				41,577
Total pretax income	$	60,299			$	49,952			$	39,331

Components of provision for income taxes [Table Text Block]

The components of the provision for income taxes are as follows:

	Year Ended December 31,
(in thousands)	2017				2016				2015
Current provision:
Federal	$	35,311			$	—			$	443
State	4				—				83
Foreign	1,483				1,638				5,407
	36,798				1,638				5,933
Deferred provision (benefit):
Federal	(3,640		)		(175		)		(1,791		)
State	—				(27		)		(57		)
Foreign	(468		)		(382		)		(3,906		)
	(4,108		)		(584		)		(5,754		)
Total	$	32,690			$	1,054			$	179

Effective income tax rate reconciliation [Table Text Block]

The provision for income taxes differs from the amount that would result by applying the applicable federal income tax rate to income before provision for income taxes, as follows:

	Year Ended December 31,
	2017			2016			2015
Provision computed at Federal statutory rate	35.0	%		35.0	%		35.0	%
Business tax credits	(5.7	)		(6.0	)		(6.8	)
Stock-based compensation	(5.0	)		2.2			0.8
Foreign income taxed at different rate	(37.3	)		(33.1	)		(33.2	)
U.S. Tax Act - transition tax	54.1			—			—
U.S. Tax Act - deferred tax asset and liability adjustment	8.1			—			—
Valuation allowance	2.2			1.8			2.6
Other	2.8			2.2			2.1
Total	54.2	%		2.1	%		0.5	%

Components of net deferred income tax asset [Table Text Block]

The components of the net deferred income tax asset (liabilities) were as follows:

	December 31,
(in thousands)	2017(1)				2016
Deferred tax assets:
Other reserves and accruals	$	979			$	1,267
Tax credit carry-forwards	10,442				26,895
Stock compensation	4,064				5,760
Capital losses	163				10,585
Net operating loss	7,059				2,671
Other	—				174
Valuation allowance	(18,421		)		(27,489		)
	4,286				19,863
Deferred tax liabilities:
Depreciation	(1,965		)		(2,322		)
Unremitted earnings	—				(7,019		)
Other	(95		)		—
	(2,060		)		(9,341		)
Net deferred tax asset	$	2,226			$	10,522

Unrecognized tax benefits rollforward [Table Text Block]

The Company applies the provisions of ASC 740-10, relating to accounting for uncertain income taxes. Reconciliation of the beginning and ending amount of unrecognized tax benefits:

(in thousands)	Unrecognized Tax Benefits
Unrecognized Tax Benefits Balance at January 1, 2015	$	11,160
Gross Increase for Tax Positions of Current Year	3,063
Gross Decrease for Tax Positions of Prior Years	(663		)
Unrecognized Tax Benefits Balance at December 31, 2015	13,560
Gross Increase for Tax Positions of Current Year	1,856
Gross Decrease for Tax Positions of Prior Years	(23		)
Unrecognized Tax Benefits Balance at December 31, 2016	15,393
Gross Increase for Tax Positions of Current Year	1,699
Gross Decrease for Tax Positions of Prior Years	(409		)
Unrecognized Tax Benefits Balance at December 31, 2017	$	16,683

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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

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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