NOTE 10 - 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

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

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

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	)