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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule Of Income (Loss) Before Income Taxes | Income (Loss) before income taxes consisted of the following:
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
| (In thousands)
United States operations | $ | (38,359 | ) |  | $ | (21,218 | ) |  | $ | (32,640 | )
Foreign operations | 98,463 |  |  | 78,621 |  |  | 44,025 |
Total | $ | 60,104 |  |  | $ | 57,403 |  |  | $ | 11,385 |
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,
| 2019 |  | 2018 |  | 2017
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 35.0 | %
Increase (decrease) in income taxes resulting from: |  |  |  |  |
State income taxes, net of federal tax benefit | 1.0 | % |  | (0.4 | )% |  | (17.0 | )%
Foreign operations | (20.0 | )% |  | (21.8 | )% |  | (112.7 | )%
Excess tax benefits from stock compensation | (5.6 | )% |  | (7.8 | )% |  | (57.9 | )%
Charitable contributions | (0.6 | )% |  | (1.2 | )% |  | (10.6 | )%
Nondeductible meals and entertainment | 1.5 | % |  | 1.6 | % |  | 8.8 | %
Intercompany profit in inventory | 1.2 | % |  | 6.2 | % |  | 11.6 | %
Nondeductible facilitative costs | 0.8 | % |  | — | % |  | 22.5 | %
Changes in valuation allowances | 0.2 | % |  | 0.2 | % |  | 8.0 | %
Uncertain tax positions | 0.2 | % |  | 0.4 | % |  | (4.6 | )%
Research and development credit | (2.9 | )% |  | (2.6 | )% |  | (13.2 | )%
Return to provision | 1.7 | % |  | (2.9 | )% |  | (4.3 | )%
Global intangible low-taxed income ("GILTI") | 7.6 | % |  | 3.5 | % |  | — | %
Nondeductible executive compensation | 3.0 | % |  | 1.6 | % |  | — | %
Carryback of Federal net operating loss ("NOL") | 0.1 | % |  | (3.7 | )% |  | — | %
Other | 0.4 | % |  | — | % |  | 0.8 | %
Swiss tax holiday | (15.7 | )% |  | — | % |  | — | %
In-process research and development | 22.7 | % |  | — | % |  | — | %
Reduction of book gain on sale of assets | — | % |  | — | % |  | (4.6 | )%
Tax reform — Toll Tax | — | % |  | — | % |  | 48.1 | %
Tax reform — remeasurement of deferred tax assets and liabilities | — | % |  | — | % |  | (378.6 | )%
Effective tax rate | 16.5 | % |  | (5.9 | )% |  | (468.7 | )%
Schedule Of Provision For Income Taxes | The provision for income taxes consisted of the following:
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
| (In thousands)
Current: |  |  |  |  |
Federal | $ | 14,597 |  |  | $ | (3,880 | ) |  | $ | 6,644 |
State | 3,447 |  |  | 1,609 |  |  | 1,233 |
Foreign | 10,905 |  |  | 7,057 |  |  | 6,069 |
Total current | $ | 28,949 |  |  | $ | 4,786 |  |  | $ | 13,946 |
Deferred: |  |  |  |  |
Federal | (10,889 | ) |  | (7,202 | ) |  | (66,466 | )
State | (666 | ) |  | (3,048 | ) |  | (758 | )
Foreign | (7,491 | ) |  | 2,066 |  |  | (80 | )
Total deferred | $ | (19,046 | ) |  | $ | (8,184 | ) |  | $ | (67,304 | )
Provision for income taxes | $ | 9,903 |  |  | $ | (3,398 | ) |  | $ | (53,358 | )
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,
| 2019 |  | 2018
| (In thousands)
Assets: |  |  |
Doubtful accounts | $ | 2,426 |  |  | $ | 1,507 |
Inventory related items | 39,548 |  |  | 28,245 |
Tax credits | 19,134 |  |  | 9,072 |
Accrued vacation | 3,206 |  |  | 2,761 |
Accrued bonus | 6,017 |  |  | 5,515 |
Stock compensation | 8,347 |  |  | 10,093 |
Deferred revenue | 1,805 |  |  | 2,173 |
Net operating loss carryforwards | 37,418 |  |  | 33,350 |
Capitalization of research and development expenses | 9,781 |  |  | — |
Unrealized foreign exchange loss | 8,105 |  |  | 1,405 |
Charitable contributions carryforward | 235 |  |  | 1,994 |
Others | 5,900 |  |  | 8,835 |
Total deferred tax assets | 141,922 |  |  | 104,950 |
Less valuation allowance | (9,865 | ) |  | (6,973 | )
Deferred tax assets after valuation allowance | $ | 132,057 |  |  | $ | 97,977 |
Liabilities: |  |  |
Intangible and fixed assets | (150,879 | ) |  | (144,861 | )
Others | (5,108 | ) |  | (4,089 | )
Total deferred tax liabilities | $ | (155,987 | ) |  | $ | (148,950 | )
Total net deferred tax liabilities | $ | (23,930 | ) |  | $ | (50,973 | )
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,
| 2019 |  | 2018 |  | 2017
| (In thousands)
Balance, beginning of year | $ | 676 |  |  | $ | 424 |  |  | $ | 754 |
Gross increases: |  |  |  |  |
Current year tax positions | 53 |  |  | 273 |  |  | 402 |
Prior years' tax positions | — |  |  | — |  |  | — |
Gross decreases: |  |  |  |  |
Prior years' tax positions | — |  |  | — |  |  | (777 | )
Statute of limitations lapses | — |  |  | (21 | ) |  | (17 | )
Other | (53 | ) |  | — |  |  | 62 |
Balance, end of year | $ | 676 |  |  | $ | 676 |  |  | $ | 424 |

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