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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

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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.

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-Publisher FASB
-Name Accounting Standards Codification
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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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