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INCOME TAXES (Tables)

12 Months Ended

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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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.

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