XML 44 R31.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Provision for Income Taxes | The provision for income taxes for the years ended December 31, 2015, 2014 and 2013 consists of the following:
| 2015 |  | 2014 |  | 2013
Current tax expense (benefit): |  |  |  |  |
Federal | $ | 4,208 |  |  | $ | 2,256 |  |  | $ | (2,274 | )
State | 1,238 |  |  | 516 |  |  | 502 |
Foreign | 6,949 |  |  | 11,995 |  |  | 9,247 |
| 12,395 |  |  | 14,767 |  |  | 7,475 |
Deferred income tax expense (benefit) | 2,251 |  |  | (284 | ) |  | 7,218 |
Provision for income taxes | $ | 14,646 |  |  | $ | 14,483 |  |  | $ | 14,693 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation between income taxes computed at the statutory federal rate and the provision for income taxes for the years ended December 31, 2015, 2014 and 2013 follows:
| 2015 |  | 2014 |  | 2013
Tax provision at statutory rate based on income before income taxes | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal tax benefit | 3.2 |  |  | 1.7 |  |  | 1.8 |
Impact of repatriation of foreign earnings | 2.5 |  |  | — |  |  | — |
New York State corporate tax reform | — |  |  | 5.5 |  |  | — |
Stock-based compensation | — |  |  | (0.2 | ) |  | (0.5 | )
Foreign income taxes | (3.6 | ) |  | (4.8 | ) |  | (3.1 | )
Federal research credit | (2.0 | ) |  | (2.1 | ) |  | (2.8 | )
Settlement of taxing authority examinations | (0.6 | ) |  | (3.7 | ) |  | (2.0 | )
European permanent deduction | (2.1 | ) |  | (3.8 | ) |  | (2.4 | )
Non deductible/non-taxable items | 1.8 |  |  | 1.8 |  |  | 2.9 |
Other, net | (1.8 | ) |  | 1.6 |  |  | 0.1 |
| 32.4 | % |  | 31.0 | % |  | 29.0 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of the significant temporary differences which comprise the deferred income tax assets and liabilities at December 31, 2015 and 2014 are as follows:
| 2015 |  | 2014
Assets: |  |  |
Inventory | $ | 3,938 |  |  | $ | 4,476 |
Net operating losses | 6,421 |  |  | 10,207 |
Capitalized research and development | 5,733 |  |  | 1,850 |
Deferred compensation | 2,557 |  |  | 3,507 |
Accounts receivable | 2,938 |  |  | 2,604 |
Compensation and benefits | 7,365 |  |  | 6,003 |
Accrued pension | 3,944 |  |  | 6,186 |
Research and development credit | 7,094 |  |  | 6,198 |
Other | 3,245 |  |  | 1,564 |
Foreign tax credit | — |  |  | 2,283 |
Less: valuation allowances | (124 | ) |  | (293 | )
| 43,111 |  |  | 44,585 |
Liabilities: |  |  |  |
Goodwill and intangible assets | 122,623 |  |  | 120,012 |
Depreciation | 11,999 |  |  | 14,041 |
State taxes | 7,427 |  |  | 6,737 |
Contingent interest | 203 |  |  | 272 |
| 142,252 |  |  | 141,062 |
Net liability | $ | (99,141 | ) |  | $ | (96,477 | )
Schedule of Income before Income Tax | Income before income taxes consists of the following U.S. and foreign income:
| 2015 |  | 2014 |  | 2013
U.S. income | $ | 18,119 |  |  | $ | 12,374 |  |  | $ | 20,106 |
Foreign income | 27,025 |  |  | 34,301 |  |  | 30,526 |
Total income | $ | 45,144 |  |  | $ | 46,675 |  |  | $ | 50,632 |
Schedule of Unrecognized Tax Benefits Rollforward | The following table summarizes the activity related to our unrecognized tax benefits for the years ending December 31,:
| 2015 |  | 2014 |  | 2013
Balance as of January 1, | $ | 581 |  |  | $ | 1,689 |  |  | $ | 1,587 |
Increases for positions taken in prior periods | 100 |  |  | 45 |  |  | 70 |
Increases for positions taken in current periods | — |  |  | — |  |  | 1,132 |
Decreases in unrecorded tax positions related to settlement with the taxing authorities | — |  |  | (1,073 | ) |  | (1,010 | )
Decreases in unrecorded tax positions related to lapse of statute of limitations | (65 | ) |  | (80 | ) |  | (90 | )
Balance as of December 31, | $ | 616 |  |  | $ | 581 |  |  | $ | 1,689 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration