XML 57 R37.htm IDEA: XBRL DOCUMENT
v3.20.4

PROVISION (BENEFIT) FOR INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
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) |  | 2020 |  | 2019 |  | 2018
U.S. operations | ​ | $ | (6,252) | ​ | $ | 82,692 | ​ | $ | (6,529)
Foreign operations | ​ |  | 81,503 | ​ |  | 139,722 | ​ |  | 66,293
Total income before income taxes | ​ | $ | 75,251 | ​ | $ | 222,414 | ​ | $ | 59,764
Components of provision for income taxes [Table Text Block] | The components of the provision (benefit) for income taxes are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Current provision (benefit): |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 2,788 | ​ | $ | 18,293 | ​ | $ | (6,382)
State | ​ |  | (181) | ​ |  | 184 | ​ |  | 4
Foreign | ​ |  | 1,677 | ​ |  | 1,293 | ​ |  | 938
​ | ​ |  | 4,284 | ​ |  | 19,770 | ​ |  | (5,440)
Deferred provision (benefit): | ​ |  |  | ​ |  |  | ​ |  |
Federal | ​ |  | 348 | ​ |  | 9,683 | ​ |  | (4,593)
State | ​ |  | — | ​ |  | — | ​ |  | —
Foreign | ​ |  | (557) | ​ |  | (507) | ​ |  | (187)
​ | ​ |  | (209) | ​ |  | 9,176 | ​ |  | (4,780)
Total | ​ | $ | 4,075 | ​ | $ | 28,946 | ​ | $ | (10,220)
​
Effective income tax rate reconciliation [Table Text Block] | The provision (benefit) for income taxes differs from the amount that would result by applying the applicable federal income tax rate to income before income taxes, as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31, |
​ | ​ | 2020 | ​ | 2019 | ​ | 2018
Provision (benefit) computed at Federal statutory rate |  | 21.0 | % | ​ | 21.0 | % | ​ | 21.0 | %
Business tax credits |  | (7.4) |  | ​ | (2.4) |  | ​ | (9.1) | ​
Stock-based compensation |  | (0.1) |  | ​ | (0.2) |  | ​ | (2.2) | ​
Foreign income taxed at different rate |  | (22.0) |  | ​ | (12.7) |  | ​ | (25.0) | ​
GILTI inclusion |  | 10.7 |  | ​ | 6.2 |  | ​ | 10.6 | ​
U.S. Tax Act - transition tax |  | — |  | ​ | 0.1 |  | ​ | (16.2) | ​
Deferred tax asset and liability adjustment |  | 0.3 |  | ​ | — |  | ​ | — | ​
Valuation allowance |  | 2.6 |  | ​ | 0.8 |  | ​ | 2.8 | ​
Other |  | 0.3 |  | ​ | 0.2 |  | ​ | 1.0 | ​
Total |  | 5.4 | % | ​ | 13.0 | % | ​ | (17.1) | %
Components of net deferred income tax asset [Table Text Block] | The components of the net deferred income tax assets (liabilities) were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
(In thousands) | ​ | 2020 | ​ | 2019
Deferred tax assets: |  | ​ |  |  | ​ |
Other reserves and accruals | ​ | $ | 3,707 | ​ | $ | 3,099
Tax credit carry-forwards | ​ |  | 20,713 | ​ |  | 18,968
Stock compensation | ​ |  | 1,494 | ​ |  | 1,644
Capital losses | ​ |  | 158 | ​ |  | 157
Net operating loss | ​ |  | 2,303 | ​ |  | 899
Other | ​ |  | 1,023 | ​ |  | 1,000
Valuation allowance | ​ |  | (24,160) | ​ |  | (20,822)
​ | ​ |  | 5,238 | ​ |  | 4,945
Deferred tax liabilities: | ​ |  |  | ​ |  |
Depreciation | ​ |  | (1,974) | ​ |  | (2,273)
​ | ​ |  | (1,974) | ​ |  | (2,273)
Net deferred tax assets | ​ | $ | 3,264 | ​ | $ | 2,672
​
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:
​ | ​ | ​ | ​
​ |  | Unrecognized
(In thousands) | ​ | Tax Benefits
Unrecognized Tax Benefits Balance at January 1, 2018 | ​ | $ | 16,683
Gross Increase for Tax Positions of Current Year | ​ |  | 1,994
Gross Decrease for Tax Positions of Prior Years | ​ |  | (70)
Unrecognized Tax Benefits Balance at December 31, 2018 | ​ |  | 18,607
Gross Increase for Tax Positions of Current Year | ​ |  | 1,379
Gross Decrease for Tax Positions of Prior Years | ​ |  | (937)
Unrecognized Tax Benefits Balance at December 31, 2019 | ​ |  | 19,049
Gross Increase for Tax Positions of Current Year | ​ |  | 2,002
Gross Decrease for Tax Positions of Prior Years | ​ |  | —
Unrecognized Tax Benefits Balance at December 31, 2020 | ​ | $ | 21,051

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=84230637&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://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=84230637&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://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=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -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

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration