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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2016
INCOME TAXES [Abstract] |
Reconciliation of beginning and ending amount of liability for uncertain tax positions | A reconciliation of the beginning and ending amount of the liability for uncertain tax positions, including the portion included in income taxes payable, is as follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Liability for uncertain tax positions - January 1 |  | $ | 42,158 |  |  | $ | 39,970 |  |  | $ | 2,189 |
Additions based on tax positions |  |  |  |  |  |  |  |  |  |  |  |
related to the current year |  |  | 2,483 |  |  |  | 3,241 |  |  |  | 2,732 |
Additions relating to acquisitions |  |  | - |  |  |  | - |  |  |  | 35,874 |
Translation adjustment |  |  | (881 | ) |  |  | (844 | ) |  |  | - |
Settlement/expiration of statutes of limitations |  |  | (15,932 | ) |  |  | (209 | ) |  |  | (825 | )
Liability for uncertain tax positions - December 31 |  | $ | 27,828 |  |  | $ | 42,158 |  |  | $ | 39,970 |
Provision (benefit) for income taxes | The (benefit) provision for income taxes consists of the following:
|  | Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | (1,163 | ) |  | $ | 1,494 |  |  | $ | 402 |
State |  |  | 18 |  |  |  | 70 |  |  |  | 175 |
Foreign |  |  | (10,172 | ) |  |  | 5,327 |  |  |  | 3,281 |
|  |  | (11,317 | ) |  |  | 6,891 |  |  |  | 3,858 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (6,272 | ) |  |  | 1,019 |  |  |  | (2,698 | )
State |  |  | (464 | ) |  |  | (64 | ) |  |  | (407 | )
Foreign |  |  | 335 |  |  |  | (1,311 | ) |  |  | 414 |
|  |  | (6,401 | ) |  |  | (356 | ) |  |  | (2,691 | )
|  | $ | (17,718 | ) |  | $ | 6,535 |  |  | $ | 1,167 |
Reconciliation of taxes on income computed at the federal statutory rate | A reconciliation of taxes on income computed at the U.S. federal statutory rate to amounts provided is as follows:
|  | Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | $ |  |  |  | % |  |  | $ |  |  |  | % |  |  | $ |  |  |  | % |
Tax (benefit) provision computed at the |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
federal statutory rate |  | $ | (28,893 | ) |  |  | 35 | % |  | $ | 9,006 |  |  |  | 35 | % |  | $ | 3,420 |  |  |  | 35 | %
Increase (decrease) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Different tax rates applicable to foreign operations |  |  | (4,427 | ) |  |  | 5 | % |  |  | (5,353 | ) |  |  | (21 | %) |  |  | (4,458 | ) |  |  | (46 | %)
Impairment of goodwill & intangibles |  |  | 30,445 |  |  |  | (37 | %) |  |  | - |  |  |  | 0 | % |  |  | - |  |  |  | 0 | %
Increase in (reversal of) liability for uncertain |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
tax positions - net |  |  | (13,974 | ) |  |  | 17 | % |  |  | 3,032 |  |  |  | 12 | % |  |  | 1,907 |  |  |  | 20 | %
Utilization of research and experimentation, solar and foreign |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
tax credits |  |  | (349 | ) |  |  | 0 | % |  |  | (349 | ) |  |  | (1 | %) |  |  | (508 | ) |  |  | (5 | %)
State taxes, net of federal benefit |  |  | (420 | ) |  |  | 1 | % |  |  | 56 |  |  |  | 0 | % |  |  | (183 | ) |  |  | (2 | %)
Current year (reversal) increase in U.S. valuation allowances |  |  | - |  |  |  | 0 | % |  |  | (343 | ) |  |  | (1 | %) |  |  | 335 |  |  |  | 3 | %
Federal tax on profit of foreign disregarded entities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
net of deferred tax |  |  | - |  |  |  | 0 | % |  |  | 872 |  |  |  | 3 | % |  |  | 770 |  |  |  | 8 | %
Other, including qualified production activity credits, SERP/COLI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
income, under/(over) accruals, unrealized foreign exchange gains |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and amortization of purchase accounting intangibles |  |  | (100 | ) |  |  | 0 | % |  |  | (386 | ) |  |  | (2 | %) |  |  | (116 | ) |  |  | (1 | %)
Tax (benefit) provision computed at the Company's |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
effective tax rate |  | $ | (17,718 | ) |  |  | 21 | % |  | $ | 6,535 |  |  |  | 25 | % |  | $ | 1,167 |  |  |  | 12 | %
Components of deferred income tax assets | Components of deferred income tax assets are as follows:
|  | December 31, |
|  | 2016 |  |  | 2015 |
|  | Tax Effect |  |  | Tax Effect |
Deferred tax assets: |  |  |  |  |  |
State tax credits |  | $ | 902 |  |  | $ | 902 |
Unfunded pension liability |  |  | 1,398 |  |  |  | 1,327 |
Reserves and accruals |  |  | 4,335 |  |  |  | 4,349 |
Federal, state and foreign net operating loss |  |  |  |  |  |  |  |
and credit carryforwards |  |  | 12,891 |  |  |  | 10,953 |
Depreciation |  |  | 1,057 |  |  |  | 880 |
Amortization |  |  | - |  |  |  | 814 |
Other accruals |  |  | 8,278 |  |  |  | 9,622 |
Total deferred tax assets |  |  | 28,861 |  |  |  | 28,847 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Reserves and accruals |  |  | 64 |  |  |  | 64 |
Depreciation |  |  | 3,028 |  |  |  | 2,391 |
Amortization |  |  | 15,361 |  |  |  | 23,772 |
Other accruals |  |  | 973 |  |  |  | 857 |
Total deferred tax liabilities |  |  | 19,426 |  |  |  | 27,084 |
Valuation allowance |  |  | 7,485 |  |  |  | 6,635 |
Net deferred tax assets/(liabilities) |  | $ | 1,950 |  |  | $ | (4,872 | )

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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