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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2015
INCOME TAXES [Abstract] |
Income Before Income Taxes | The components of income before income taxes are as follows (in thousands):
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Domestic |  | $ | (42,179 | ) |  | $ | (21,349 | ) |  | $ | 86,567 |
Foreign |  |  | 3,259 |  |  |  | (4,207 | ) |  |  | 8,150 |
Total income before taxes |  | $ | (38,920 | ) |  | $ | (25,556 | ) |  | $ | 94,717 |
Provision for Income Taxes | The provision for income taxes consists of the following (in thousands):
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Current - |  |  |  |  |  |  |  |  |
Federal |  | $ | 5,182 |  |  | $ | 24,050 |  |  | $ | 21,481 |
State |  |  | 1,499 |  |  |  | 5,604 |  |  |  | 2,681 |
Foreign |  |  | 2,493 |  |  |  | 2,150 |  |  |  | 7,484 |
|  |  | 9,174 |  |  |  | 31,804 |  |  |  | 31,646 |
Deferred - |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (7,090 | ) |  |  | (10,544 | ) |  |  | 8,631 |
State |  |  | - |  |  |  | (1,769 | ) |  |  | 167 |
Foreign |  |  | (1,934 | ) |  |  | 191 |  |  |  | (5,964 | )
|  |  | (9,024 | ) |  |  | (12,122 | ) |  |  | 2,834 |
|  | $ | 150 |  |  | $ | 19,682 |  |  | $ | 34,480 |
Difference between Income Taxes Computed at the Federal Statutory Income Tax Rate and the Provision for Income Taxes | The difference between income taxes computed at the federal statutory income tax rate (35%) and the provision for income taxes is as follows (in thousands):
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Income taxes computed at federal statutory rate |  | $ | (13,622 | ) |  | $ | (8,945 | ) |  | $ | 33,150 |
State income taxes, net of federal benefit |  |  | 974 |  |  |  | 2,492 |  |  |  | 1,852 |
Non-tax deductible impairment expense computed at federal statutory rate |  |  | 15,765 |  |  |  | 24,444 |  |  |  | - |
Foreign adjustment |  |  | 689 |  |  |  | 1,353 |  |  |  | - |
Meals and entertainment |  |  | 620 |  |  |  | 801 |  |  |  | 561 |
Domestic Production Activity Deduction |  |  | (1,143 | ) |  |  | (1,040 | ) |  |  | (566 | )
Research and development tax credit |  |  | (1,730 | ) |  |  | (587 | ) |  |  | - |
Foreign tax credit |  |  | (921 | ) |  |  | (343 | ) |  |  | - |
Other, primarily non-tax deductible, or non-taxable items |  |  | (482 | ) |  |  | 1,507 |  |  |  | (517 | )
|  | $ | 150 |  |  | $ | 19,682 |  |  | $ | 34,480 |
Net Current and Noncurrent Components of Deferred Income Tax Balances | The net current and noncurrent components of deferred income tax balances are as follows (in thousands):
|  | December 31, |
|  | 2015 |  |  | 2014 |
Net current assets |  | $ | 8,996 |  |  | $ | 8,250 |
Net non-current liabilities |  |  | (6,312 | ) |  |  | (21,284 | )
Net assets (liabilities) |  | $ | 2,684 |  |  | $ | (13,034 | )
Deferred tax liabilities and assets were comprised of the following (in thousands):
|  | December 31, |
|  | 2015 |  |  | 2014 |
Deferred tax assets: |  |  |  |  |  |
Goodwill |  | $ | 23,334 |  |  | $ | 17,906 |
Allowance for doubtful accounts |  |  | 2,692 |  |  |  | 2,979 |
Inventories |  |  | 3,312 |  |  |  | 2,691 |
Accruals |  |  | 2,354 |  |  |  | 2,125 |
Other |  |  | 730 |  |  |  | 990 |
Total deferred tax assets |  |  | 32,422 |  |  |  | 26,691 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Intangibles |  |  | (27,512 | ) |  |  | (33,874 | )
Property and equipment |  |  | (10,824 | ) |  |  | (10,343 | )
Unremitted foreign earnings |  |  | (259 | ) |  |  | (52 | )
Cumulative translation adjustment |  |  | 8,605 |  |  |  | 4,014 |
Other |  |  | 252 |  |  |  | 530 |
Net deferred tax asset (liability) |  | $ | 2,684 |  |  | $ | (13,034 | )

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