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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Deferred Tax Assets and Deferred Tax Liabilities | The deferred tax assets and deferred tax liabilities and related valuation allowance were comprised of the following:
|  | December 31, |
|  | 2014 |  |  | 2013 |
Deferred tax assets: |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 2,461 |  |  | $ | 5,467 |
Net operating losses |  |  | 7,075 |  |  |  | 3,599 |
Research and development credits |  |  | 26,204 |  |  |  | 1,130 |
Depreciation |  |  | 3,456 |  |  |  | 2,682 |
Valuation reserves and accrued liabilities |  |  | 4,788 |  |  |  | 3,090 |
Foreign tax credit |  |  | 823 |  |  |  | 222 |
Stock compensation |  |  | 2,006 |  |  |  | 1,887 |
Inventory |  |  | 1,443 |  |  |  | 739 |
Patents |  |  | 138 |  |  |  | 722 |
Defined benefit obligation |  |  | 1,479 |  |  |  | 662 |
Other credits |  |  | 593 |  |  |  | 365 |
Capital lease obligations |  |  | — |  |  |  | 273 |
Other |  |  | 144 |  |  |  | 219 |
|  |  | 50,610 |  |  |  | 21,057 |
Valuation allowance |  |  | (18,037 | ) |  |  | (2,199 | )
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  |  | (14,593 | ) |  |  | (15,836 | )
Unrealized foreign currency exchange gains |  |  | (2,855 | ) |  |  | (1,637 | )
Undistributed profits of subsidiary |  |  | (293 | ) |  |  | (1,367 | )
Property and equipment |  |  | (162 | ) |  |  | (193 | )
Other |  |  | (384 | ) |  |  | (791 | )
|  |  | (18,287 | ) |  |  | (19,824 | )
Net deferred tax asset (liability) |  | $ | 14,286 |  |  | $ | (966 | )
Reconciliations Between Statutory Federal Income Tax Rate and Effective Rate | Reconciliations between the statutory Federal income tax rate of 34% and the effective rate of income tax expense for each of the three years in the period ended December 31, 2014 are as follows:
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Statutory Federal income tax rate |  |  | 34.0 | % |  |  | 34.0 | % |  |  | 34.0 | %
Increase (Decrease) resulting from: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Taxes on foreign income, net of taxes paid credit |  |  | (0.5 | %) |  |  | (1.7 | %) |  |  | 4.5 | %
NOLs recognized upon change in tax law |  |  | — |  |  |  | — |  |  |  | (2.9 | %)
Foreign, state and local tax, net of Federal benefit |  |  | 1.9 | % |  |  | 3.6 | % |  |  | 3.7 | %
Nondeductible expenses |  |  | 1.8 | % |  |  | 1.4 | % |  |  | 1.6 | %
Stock option compensation |  |  | (0.1 | %) |  |  | (0.5 | %) |  |  | — |
Research and development credits |  |  | (0.5 | %) |  |  | (2.3 | %) |  |  | (5.3 | %)
Effect of different tax rates of foreign jurisdictions |  |  | (10.0 | %) |  |  | (10.8 | %) |  |  | (10.5 | %)
Other tax exempt income |  |  | (0.9 | %) |  |  | — |  |  |  | (0.5 | %)
Other |  |  | (0.1 | %) |  |  | 0.3 | % |  |  | 1.0 | %
Effective rate |  |  | 25.6 | % |  |  | 24.0 | % |  |  | 25.6 | %
Net Operating Loss Carryforwards | The Company has Net Operating Loss (“NOL”) carryforwards as follows:
Jurisdiction |  | Amount as of December 31, 2014 |  |  | Years of Expiration |
U.S. Federal and state income tax |  | $ | 49,978 |  |  |  | 2018 -2034 |
Foreign |  |  | 4,090 |  |  |  | 2018 -2019 |
Foreign |  | $ | 9,074 |  |  |  | Indefinite |
Earnings Before for Income Taxes | The earnings before for income taxes and our tax provision are comprised of the following:
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | 11,170 |  |  | $ | 6,891 |  |  | $ | 3,735 |
Foreign |  |  | 83,051 |  |  |  | 39,339 |  |  |  | 28,937 |
Total income before income taxes |  | $ | 94,221 |  |  | $ | 46,230 |  |  | $ | 32,672 |
Provision for Income Taxes |
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Current income tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 4,005 |  |  | $ | 690 |  |  | $ | 511 |
State and local |  |  | (15 | ) |  |  | 495 |  |  |  | (311 | )
Foreign |  |  | 24,737 |  |  |  | 9,959 |  |  |  | 7,362 |
Total current income tax expense |  | $ | 28,727 |  |  | $ | 11,144 |  |  | $ | 7,562 |
Deferred income tax expense (benefit): |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (576 | ) |  | $ | 12 |  |  | $ | 1,834 |
State and local |  |  | 9 |  |  |  | (95 | ) |  |  | 348 |
Foreign |  |  | (4,058 | ) |  |  | 36 |  |  |  | (1,393 | )
Total deferred income tax expense |  | $ | (4,625 | ) |  | $ | (47 | ) |  | $ | 789 |
Total tax expense |  | $ | 24,102 |  |  | $ | 11,097 |  |  | $ | 8,351 |
Reconciliation of Unrecognized Tax Benefits | The reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  | 2012 |
Balance at beginning of year |  | $ | 2,241 |  |  | $ | 2,191 |  |  | 1,678 |
Additions based on tax position related to current year |  |  | 43 |  |  |  | 2 |  |  | 67 |
Additions based on tax positions related to prior year |  |  | 2,991 |  |  |  | 580 |  |  | 413 |
Reductions from settlements and statute of limitation expiration |  |  | (432 | ) |  |  | (599 | ) |  | — |
Effect of foreign currency translation |  |  | (192 | ) |  |  | 67 |  |  | 33 |
Balance at end of year |  | $ | 4,651 |  |  | $ | 2,241 |  | $ | 2,191 |

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