Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Income before Income Tax, Domestic and Foreign

The components of the Company’s income (loss) from continuing operations before income taxes, equity in non-consolidated affiliates and noncontrolling interests by taxing jurisdiction for the years ended December 31, were:



	2014			2013			2012
Income (Loss):
US	$	46,728		$	21,661		$	(36,644	)
Non-US	(31,619		)	(159,511		)	(27,884		)
	$	15,109		$	(137,850	)	$	(64,528	)

Schedule Of Components Of Income Taxes Provision Benefit

The provision (benefit) for income taxes by taxing jurisdiction for the years ended December 31, were:



	2014			2013			2012
Current tax provision
U.S. federal	$	—		$	—		$	—
U.S. state and local	907			213			802
Non-US	552			847			329
	1,459			1,060			1,131
Deferred tax provision (benefit):
U.S. federal	13,402			7,505			2,150
U.S. state and local	1,971			1,027			299
Non-U.S.	(4,410		)	(13,959		)	5,973
	10,963			(5,427		)	8,422
Income tax provision (benefit)	$	12,422		$	(4,367	)	$	9,553

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense (benefit) using the statutory Canadian federal and provincial income tax rate compared with actual income tax expense for the years ended December 31, is as follows:



	2014			2013			2012
Income (loss) from continuing operations before income taxes, equity in non-consolidated affiliates and noncontrolling interest	$	15,109		$	(137,850	)	$	(64,528	)
Statutory income tax rate	26.5		%	26.5		%	26.5		%
Tax expense (benefit) using statutory income tax rate	4,004			(36,530		)	(17,100		)
State and foreign taxes	1,459			1,060			1,131
Non-deductible stock-based compensation	1,982			24,357			7,699
Other non-deductible expense	2,151			942			1,176
Change to valuation allowance on items affecting taxable income	2,003			6,952			15,682
Effect of the change in tax rate	—			—			2,168
Effect of the difference in federal and statutory rates	2,222			(15		)	(793		)
Noncontrolling interests	(1,826		)	(1,712		)	(1,593		)
Other, net	427			579			1,183
Income tax expense (benefit)	$	12,422		$	(4,367	)	$	9,553
Effective income tax rate	82.2		%	(3.2		)%	14.8		%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of significant temporary differences representing deferred tax assets and liabilities at December 31, were as follows:



	2014			2013
Deferred tax assets:
Capital assets and other	$	45,496		$	36,449
Net operating loss carry forwards	39,525			41,947
Interest deductions	17,456			21,753
Refinancing charge	5,176			10,153
Deferred acquisition consideration	5,204			26,779
Stock compensation	1,561			1,433
Pension plan	3,597			—
Unrealized foreign exchange	6,954			2,372
Capital loss carry forwards	14,834			16,180
Accounting reserves	5,135			4,769
Gross deferred tax asset	144,938			161,835
Less: valuation allowance	(119,117		)	(137,961		)
Net deferred tax assets	25,821			23,874
Deferred tax liabilities:
Pension plan	—			(1,112		)
Deferred finance charges	(386		)	(420		)
Capital assets	(396		)	(178		)
Goodwill amortization	(77,603		)	(61,859		)
Total deferred tax liabilities	(78,385		)	(63,569		)
Net deferred tax asset (liability)	$	(52,564	)	$	(39,695	)
Disclosed as:
Deferred tax assets	$	25,480		$	23,380
Deferred tax liabilities	(78,044		)	(63,075		)
	$	(52,564	)	$	(39,695	)

Schedule Of Changes In Tax Reserve



Changes in the Company’s reserve is as follows:
Balance at December 31, 2011	$	3,624
Charges to income tax expense	—
Settlement of uncertainty	(551		)
Balance at December 31, 2012	3,073
Charges to income tax expense	—
Balance at December 31, 2013	3,073
Charges to income tax expense	—
Balance at December 31, 2014	$	3,073