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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Taxes [Abstract] |
Schedule Of Income Tax Expense |
Note 10—Income Taxes
Income tax expense (benefit) based on income before income taxes consisted of the following:
|  |  | Year Ended December 31,
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017
| Current: |  |  |  |  |  |  |  |
|  | U.S. Federal | $ | (1,697) |  | $ | (14,831) |  | $ | 85,633
|  | State and local |  | (3,567) |  |  | 10,110 |  |  | 804
|  | Foreign |  | 11,474 |  |  | 29,817 |  |  | 9,047
|  |  |  | 6,210 |  |  | 25,096 |  |  | 95,484
| Deferred: |  |  |  |  |  |  |  |
|  | U.S. Federal |  | 1,815 |  |  | (249) |  |  | 8,337
|  | State and local |  | 1,409 |  |  | (550) |  |  | (213)
|  | Foreign |  | (5,590) |  |  | 8,427 |  |  | (702)
|  |  |  | (2,366) |  |  | 7,628 |  |  | 7,422
|  |  | $ | 3,844 |  | $ | 32,724 |  | $ | 102,906
Schedule Of Income Before Income Taxes |
Worldwide income (loss) before income taxes consisted of the following:
|  |  | Year Ended December 31,
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017
| United States | $ | (13,756) |  | $ | (23,645) |  | $ | (14,984)
| Foreign |  | 41,025 |  |  | 79,186 |  |  | 85,989
|  | $ | 27,269 |  | $ | 55,541 |  | $ | 71,005
Schedule Of Federal Statutory Income Tax Rate To Income Before Income Tax | Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income taxes as a result of the following:
|  |  |  | Year Ended December 31,
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017
| Tax at statutory rate | $ | 5,727 |  | $ | 11,664 |  | $ | 24,852
| State taxes, net of federal tax effect |  | (1,705) |  |  | 7,553 |  |  | 384
| Effect of foreign operations and tax incentives |  | (5,870) |  |  | (11,945) |  |  | (20,703)
| Change in valuation allowance |  | (2,283) |  |  | 2,114 |  |  | (203)
| Stock-based compensation |  | 118 |  |  | (143) |  |  | (1,658)
| Provisional impact of U.S. Tax Reform |  | — |  |  | (4,353) |  |  | 97,707
| Impact of cash repatriation |  | — |  |  | 21,612 |  |  | —
| GILTI |  | 955 |  |  | 3,206 |  |  | —
| Losses in foreign jurisdictions for which no benefit has |  |  |  |  |  |  |  |
|  | been provided |  | 4,379 |  |  | 1,423 |  |  | 106
| Change in uncertain tax benefits reserve |  | 200 |  |  | (317) |  |  | —
| Other |  | 2,323 |  |  | 1,910 |  |  | 2,421
| Total income tax expense | $ | 3,844 |  | $ | 32,724 |  | $ | 102,906
Schedule Of Deferred Tax Assets And Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:
|  |  |  | December 31,
(in thousands) |  | 2019 |  |  | 2018
| Deferred tax assets: |  |  |  |  |
|  | Carrying value of inventories | $ | 3,212 |  | $ | 2,787
|  | Accrued liabilities and allowances deductible for tax purposes on a cash basis |  | 8,945 |  |  | 6,108
|  | Goodwill |  | 1,976 |  |  | 2,351
|  | Stock-based compensation |  | 2,500 |  |  | 2,347
|  | Operating right-of-use lease liabilities |  | 19,087 |  |  | —
|  | Net operating loss carryforwards |  | 19,493 |  |  | 20,028
|  | Tax credit carryforwards |  | 2,421 |  |  | 1,923
|  | Other |  | 5,148 |  |  | 4,373
|  |  |  | 62,782 |  |  | 39,917
|  | Less: valuation allowance |  | (15,992) |  |  | (13,709)
|  | Net deferred tax assets |  | 46,790 |  |  | 26,208
| Deferred tax liabilities: |  |  |  |  |
|  | Plant and equipment, due to differences in depreciation |  | (10,428) |  |  | (7,617)
|  | Operating right-of-use lease assets |  | (18,826) |  |  | —
|  | Intangible assets, due to differences in amortization |  | (16,302) |  |  | (18,593)
|  | Foreign withholding tax |  | (7,181) |  |  | (9,212)
|  | Other |  | (2,283) |  |  | (2,631)
|  | Gross deferred tax liability |  | (55,020) |  |  | (38,053)
|  | Net deferred tax liability | $ | (8,230) |  | $ | (11,845)
| The net deferred tax liability is classified as follows: |  |  |  |  |
|  | Long-term asset | $ | 5,274 |  | $ | 2,478
|  | Long-term liability |  | (13,504) |  |  | (14,323)
|  | Total | $ | (8,230) |  | $ | (11,845)
Schedule Of Tax Incentives | The net impact of these tax incentives was to lower income tax expense for 2019, 2018, and 2017 by approximately $5.0 million (approximately $0.13 per diluted share), $7.9 million (approximately $0.17 per diluted share) and $7.2 million (approximately $0.15 per diluted share), respectively, as follows:
|  |  | Year Ended December 31,
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017
| China | $ | — |  | $ | 1,884 |  | $ | 1,398
| Malaysia |  | 3,010 |  |  | 3,287 |  |  | 4,295
| Thailand |  | 2,025 |  |  | 2,715 |  |  | 1,545
|  | $ | 5,035 |  | $ | 7,886 |  | $ | 7,238
Schedule Of Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits |
|  |  |  | December 31,
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017
| Balance as of January 1 | $ | 313 |  | $ | 708 |  | $ | 7,791
| Additions related to current year tax positions |  | — |  |  | 137 |  |  | 220
| Additions related to prior year tax positions |  | 200 |  |  | — |  |  | 894
| Decreases related to prior year tax positions |  | — |  |  | (532) |  |  | (8,197)
| Balance as of December 31 | $ | 513 |  | $ | 313 |  | $ | 708

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