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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule Of Income Before Income Taxes | Income before income taxes consisted of the following:
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
United States operations | $ | 37,450 |  |  | $ | 21,349 |  |  | $ | 6,512 |
Foreign operations | 23,221 |  |  | 24,217 |  |  | 12,274 |
Total | $ | 60,671 |  |  | $ | 45,566 |  |  | $ | 18,786 |
Schedule Of Effective Income Tax Rate Reconciliation | A reconciliation of the U.S. Federal statutory rate to the Company’s effective tax rate is as follows:
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Federal statutory rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Increase (decrease) in income taxes resulting from: |  |  |  |  |
State income taxes, net of federal tax benefit | 1.3 | % |  | 5.6 | % |  | 0.2 | %
Foreign operations | (12.5 | )% |  | (16.7 | )% |  | (27.2 | )%
Spine valuation allowance | 61.1 | % |  | — | % |  | — | %
Charitable contributions | (1.0 | )% |  | (2.7 | )% |  | (0.9 | )%
Domestic production activities deduction | (2.4 | )% |  | (2.7 | )% |  | — | %
Intercompany profit in inventory | 3.1 | % |  | (0.4 | )% |  | (1.4 | )%
Nondeductible facilitative costs | 3.1 | % |  | 1.1 | % |  | — | %
Changes in valuation allowances | 0.3 | % |  | 2.1 | % |  | 1.5 | %
Uncertain tax positions | 0.2 | % |  | (3.4 | )% |  | (13.8 | )%
Research and development credit | (1.9 | )% |  | (1.8 | )% |  | (5.7 | )%
Return to provision | 1.7 | % |  | 1.4 | % |  | (9.8 | )%
Other | 0.7 | % |  | 2.8 | % |  | 4.8 | %
Effective tax rate | 88.7 | % |  | 20.3 | % |  | (17.3 | )%
Schedule Of Provision For Income Taxes | The provision for income taxes consisted of the following:
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Current: |  |  |  |  |
Federal | $ | 46,665 |  |  | $ | 10,330 |  |  | $ | (2,931 | )
State | 2,301 |  |  | 2,124 |  |  | 399 |
Foreign | 5,205 |  |  | 3,666 |  |  | 632 |
Total current | $ | 54,171 |  |  | $ | 16,120 |  |  | $ | (1,900 | )
Deferred: |  |  |  |  |
Federal | 1,282 |  |  | (5,524 | ) |  | (2,409 | )
State | (394 | ) |  | 695 |  |  | (1,136 | )
Foreign | (1,239 | ) |  | (2,020 | ) |  | 2,204 |
Total deferred | $ | (351 | ) |  | $ | (6,849 | ) |  | $ | (1,341 | )
Provision (benefit) for income taxes | $ | 53,820 |  |  | $ | 9,271 |  |  | $ | (3,241 | )
Schedule Of Deferred Tax Assets And Liabilities | The income tax effects of significant temporary differences that give rise to deferred tax assets and liabilities, shown before jurisdictional netting, are presented below:
| December 31,
| 2015 |  | 2014
| (In thousands)
Current assets: |  |  |
Doubtful accounts | $ | — |  |  | $ | 1,727 |
Inventory related items | — |  |  | 30,017 |
Tax credits | — |  |  | 3,156 |
Accrued vacation | — |  |  | 3,310 |
Accrued bonus | — |  |  | 5,596 |
Other | — |  |  | 2,694 |
Total current deferred tax assets | — |  |  | 46,500 |
Less valuation allowance | — |  |  | (528 | )
Current deferred tax assets after valuation allowance | $ | — |  |  | $ | 45,972 |
Current liabilities: |  |  |
Other | — |  |  | (483 | )
Total current deferred tax liabilities | $ | — |  |  | $ | (483 | )
Net current deferred tax assets | $ | — |  |  | $ | 45,489 |
| December 31,
| 2015 |  | 2014
| (In thousands)
Non-current assets: |  |  |
Doubtful accounts | $ | 1,943 |  |  | $ | — |
Inventory related items | 24,417 |  |  | — |
Tax credits | 3,137 |  |  | — |
Accrued vacation | 2,713 |  |  | — |
Accrued bonus | 7,555 |  |  | — |
Stock compensation | 16,222 |  |  | 14,840 |
Deferred revenue | 767 |  |  | 3 |
Net operating loss carryforwards | 17,548 |  |  | 17,899 |
Federal & state tax credits | 6,227 |  |  | 12,278 |
Other | 1,952 |  |  | (402 | )
Total non-current deferred tax assets | 82,481 |  |  | 44,618 |
Less valuation allowance | (4,887 | ) |  | (6,244 | )
Non-current deferred tax assets after valuation allowance | $ | 77,594 |  |  | $ | 38,374 |
Non-current liabilities: |  |  |
Intangible & fixed assets | (225,328 | ) |  | (148,714 | )
Other | (225 | ) |  | (665 | )
Total non-current deferred tax liabilities | $ | (225,553 | ) |  | $ | (149,379 | )
Net non-current deferred tax assets (liabilities) | $ | (147,959 | ) |  | $ | (111,005 | )
Total net deferred tax assets (liabilities) | $ | (147,959 | ) |  | $ | (65,516 | )
Schedule Of Uncertain Tax Benefits Reconciliation | A reconciliation of the beginning and ending amount of uncertain tax benefits is as follows:
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Balance, beginning of year | $ | 959 |  |  | $ | 3,040 |  |  | $ | 5,874 |
Gross increases: |  |  |  |  |
Current year tax positions | — |  |  | — |  |  | 259 |
Prior years' tax positions | 541 |  |  | 527 |  |  | 546 |
Gross decreases: |  |  |  |  |
Prior years' tax positions | — |  |  | (286 | ) |  | (476 | )
Settlements | — |  |  | (828 | ) |  | — |
Statute of limitations lapses | (404 | ) |  | (1,494 | ) |  | (3,163 | )
Other | (11 | ) |  | — |  |  | — |
Balance, end of year | $ | 1,085 |  |  | $ | 959 |  |  | $ | 3,040 |

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