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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income from Continuing Operations Before Income Taxes

Income from continuing operations before income taxes was generated in the following jurisdictions. 

		For the year ended December 31,
		2015				2014				2013
Domestic		$	(5,007	)		$	(3,294	)		$	(2,024	)
Foreign			55,905				41,214				16,138
Total		$	50,898			$	37,920			$	14,114

Provision for Income Taxes

The provision for income taxes consists of the following:

		For the year ended December 31,
		2015				2014				2013
Current:
Federal		$	0			$	0			$	11
State			1				42				22
Foreign			9,140				4,688				3,121
Total current			9,141				4,730				3,154
Deferred:
Federal			338				(497	)			338
State			(135	)			361				(289	)
Foreign			(640	)			715				(56	)
Total deferred			(437	)			579				(7	)
Total		$	8,704			$	5,309			$	3,147

Differences Between Income Tax Provisions and Provisions for Income Taxes

The differences between the income tax provisions computed using the statutory federal income tax rate and the provisions for income taxes reported in the consolidated statements of operations are as follows:

		For the years ended December 31,
		2015				2014				2013
Expected tax at statutory rate		$	17,305			$	13,272			$	4,940
Foreign taxes at other rates			(12,487	)			(9,107	)			(2,520	)
US tax on foreign earnings, net of foreign tax credits			1,968				(9	)			212
Valuation reserves on NOL carryforwards			469				2				6
State income taxes, net of federal benefit			26				140				(310	)
Disallowed expenses and other			1,423				1,011				819
Total		$	8,704			$	5,309			$	3,147

Deferred Income Tax Balances

Deferred income tax balances are comprised of the following:

		As of December 31,
		2015				2014
Deferred tax assets:
U.S. foreign tax credit		$	3,309			$	5,516
Stock and long-term compensation plans			2,817				1,693
Foreign NOL & other carryforwards			13,771				2,629
US state NOL carryforwards			248				263
US alternative minimum tax			395				395
Deferred revenue			672				752
Reserve for uncertain tax issues			(560	)			(560	)
Amortization and depreciation			627				434
US tax on unremitted foreign earnings			(137	)			(955	)
Accrued expenses and other			288				124
Total gross deferred tax assets			21,430				10,291
Less: Valuation allowance			(13,719	)			(2,500	)
Net deferred income tax assets		$	7,711			$	7,791
Deferred tax liabilities:
Swiss tax allowances		$	851			$	1,235
Deferred revenue			901				0
Intangible assets			8,008				213
Deferred tax liabilities		$	9,760			$	1,448

Summary of Net Operating Loss Carryforwards

At December 31, 2015, we had foreign and state net operating loss (NOL) carryforwards and other foreign deductible carryforwards as shown in the following table;

		Carryforward				Deferred Tax Asset				Valuation Allowance				Expiration
NOL Carryforward
Canada		$	28,691			$	7,379			$	(7,379	)			2027-2035
Other foreign			3,850				1,241				(1,056	)			None
U.S. states			4,853				248				(133	)			2019-2027
			37,394				8,868				(8,568	)
Other Carryforwards
Canada			21,682				4,184				(4,184	)			None
Other foreign			2,846				967				(967	)			2016-2022
			24,528				5,151				(5,151	)
		$	61,922			$	14,019			$	(13,719	)

Summary of Income Tax Examinations

Our primary tax jurisdictions and the earliest tax year subject to audit are presented in the following table.

Australia			2005
Austria			2008
Belgium			2008
Canada			2011
Netherlands			2009
Singapore			2007
Switzerland			2013
United States			2005

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