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Income Taxes Income Tax (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income (loss) from continuing operations before income taxes

Income (loss) from continuing operations before income taxes consisted of the following:

	(Dollars in thousands)
	Year Ended December 31,
	2015				2014				2013
United States	$	3,583			$	(4,355	)		$	(6,255	)
Canada	(2,431		)		(1,479		)		(867		)
	$	1,152			$	(5,834	)		$	(7,122	)

Components of provision (benefit) for income taxes

Provision (benefit) for income taxes from continuing operations for the years ended December 31, consisted of the following:

	(Dollars in thousands)
	Year Ended December 31,
	2015				2014				2013
Current income tax expense (benefit):
U.S. Federal	$	(461	)		$	(377	)		$	(864	)
U.S. state	75				79				84
Canada	1,241				525				639
Total	$	855			$	227			$	(141	)

Reconciliation between effective income tax rate and statutory federal rate

The reconciliation between the effective income tax rate and the statutory federal rate for continuing operations was as follows:

	Year Ended December 31,
	2015			2014			2013
Statutory Federal rate	35.0%			35.0	%		35.0%
Increase (decrease) resulting from:
Change in valuation allowance	(86.4	)		(26.9	)		(30.3	)
Change in uncertain tax positions	56.2			(9.0	)		(9.8	)
Provision to return differences	24.4			(3.2	)		1.5
Foreign tax rate differential	17.9			(2.2	)		(1.1	)
Meals & entertainment	11.6			(2.6	)		(1.9	)
State and local taxes, net	10.4			2.8			3.2
Alternative minimum tax	7.6			—			—
Executive life insurance	2.4			2.3			5.1
Other items, net	(4.9	)		(0.1	)		0.3
Provision for income taxes	74.2	%		(3.9	)%		2.0	%

Deferred tax assets and liabilities

Deferred income tax assets and liabilities contain the following temporary differences:

	(Dollars in thousands)
	December 31,
	2015				2014
Deferred tax assets:
Net operating loss carryforward	$	19,336			$	20,652
Compensation and benefits	11,979				11,926
Inventory reserve	2,726				2,723
Capital loss carryforward	2,210				—
Accounts receivable reserve	218				287
Other	2,073				3,372
Total deferred tax assets	38,542				38,960
Deferred tax liabilities:
Property, plant and equipment	1,100				1,156
Other	875				1,078
Total deferred liabilities	1,975				2,234
Net deferred tax assets before valuation allowance	36,567				36,726
Valuation allowance	(36,516		)		(36,675		)
Net deferred tax assets	$	51			$	51
Net deferred tax assets:
Net current deferred tax assets	$	—			$	—
Net noncurrent deferred tax assets	51				51
Net deferred tax assets	$	51			$	51

Reconciliation of the beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	(Dollars in thousands)
	December 31,
	2015				2014
Balance at beginning of year	$	2,964			$	2,678
Additions for tax positions of current year	146				287
Additions for tax positions of prior years	26				133
Reductions for tax positions of prior year	—				(134		)
Balance at end of year	$	3,136			$	2,964

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

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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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-Publisher FASB
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-SubTopic 10
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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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