XML 91 R75.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Income (Loss) from continuing operations          
U.S. operations $ 7,465 $ 54,018 $ 51,189    
Foreign operations (8,757) 12,473 (765)    
(Loss) Profit Before Income Taxes (1,292) 66,491 50,424    
Current:          
Federal 2,590 15,962 15,117    
Foreign 8,701 3,035 3,992    
State 812 1,859 1,685    
Current Income Tax Expense 12,103 20,856 20,794    
Deferred:          
Federal 1,640 (472) (481)    
Foreign (8,699) (434) (1,888)    
State (131) (73) (89)    
Deferred Income Tax Expense (7,190) (979) (2,458)    
Total:          
Federal 4,230 15,490 14,636    
Foreign 2 2,601 2,104    
State 681 1,786 1,596    
Total Income Tax Expense 4,913 $ 19,877 $ 18,336    
Operating loss carryforwards          
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount 2,355        
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Change In Tax Rate, Deferred Tax Asset, Provisional Income Tax Expense 1,993        
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Transition Tax For Accumulated Foreign Earnings, Provisional Income Tax Expense $ 362        
Tax loss carryforwards       $ 42,597  
Effective income tax rate reconciliation          
Tax at statutory rate 35.00% 35.00% 35.00%    
Increases (decreases) in the tax rate from:          
State and local taxes, net of federal benefit (21.10%) 1.70% 2.20%    
Effect of foreign operations (70.80%) (5.50%) (5.10%)    
Transaction costs (226.30%) 0.00% 0.00%    
Effect of 2018 deferred rate change (154.30%) 0.00% 0.00%    
Transition Tax (28.00%) 0.00% 0.00%    
Impairment of Long-Lived Assets 0.00% 0.00% 7.00%    
Effect of changes in valuation allowances (126.50%) 1.90% 1.50%    
Domestic production activities deduction 28.30% (2.20%) (2.70%)    
Share-based payments 90.40% 0.00% 0.00%    
Research & Development credit 82.90% (1.30%) (1.70%)    
Other, net 10.20% 0.30% 0.20%    
Effective income tax rate (380.20%) 29.90% 36.40%    
Deferred Tax Assets:          
Inventories, principally due to changes in inventory reserves       4,757 $ 332
Employee wages and benefits, principally due to accruals for financial reporting purposes       11,031 14,723
Warranty reserves accrued for financial reporting purposes       2,578 3,617
Receivable, principally due to allowance for doubtful accounts and tax accounting method for equipment rentals       2,138 1,413
Tax loss carryforwards       11,383 7,821
Tax credit carryforwards       1,575 1,228
Other       3,630 2,126
Gross Deferred Tax Assets       37,092 31,260
Less: valuation allowance       (9,691) (6,865)
Total Net Deferred Tax Assets       27,401 24,395
Deferred Tax Liabilities:          
Property, Plant and Equipment, principally due to differences in depreciation and related gains       9,042 6,947
Goodwill and Intangible Assets       60,450 4,180
Total Deferred Tax Liabilities       69,492 11,127
Net Deferred Tax Assets       (42,091) 13,268
Reconciliation of unrecognized tax benefits          
Balance at January 1, $ 2,477 $ 2,326      
Increases as a result of tax positions taken during the current year 329 545      
Increase related to prior period tax positions of acquired entities 236 0      
Decreases relating to settlement with tax authorities (68) (6)      
Reductions as a result of a lapse of the applicable statute of limitations (770) (523)      
Increases (Decreases) as a result of foreign currency fluctuations 28 135      
Balance at December 31, 2,232 2,477 $ 2,326    
Unrecognized tax benefits that would impact the effective tax rate       1,992 2,114
Unrecognized Tax Benefits $ 2,477 $ 2,326 $ 2,326 2,232 2,477
Accrued interest and penalties       482 $ 490
Maximum          
Income Tax General Disclosure [Abstract]          
Income Tax Examination, Year under Examination 2016        
Minimum          
Income Tax General Disclosure [Abstract]          
Income Tax Examination, Year under Examination 2014        
U.S.          
Income Tax General Disclosure [Abstract]          
Undistributed earnings of non-U.S. subsidiaries       11,636  
Dutch          
Operating loss carryforwards          
Tax loss carryforwards       23,733  
Tax loss carryforwards expiration 9 years        
Foreign tax credit carryforwards       1,575  
German          
Operating loss carryforwards          
Tax loss carryforwards       12,068  
SWEDEN          
Operating loss carryforwards          
Tax loss carryforwards       1,586  
NORWAY          
Operating loss carryforwards          
Tax loss carryforwards       655  
SPAIN          
Operating loss carryforwards          
Tax loss carryforwards       $ 4,555