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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2016
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, 2016, 2015, and 2014, domestic income excludes taxable intercompany dividend income of $8,825, $10,000, and $30,650, respectively.
|  | For the year ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Domestic |  | $ | (11,170 | ) |  | $ | (5,007 | ) |  | $ | (3,294 | )
Foreign |  |  | 22,595 |  |  |  | 55,905 |  |  |  | 41,214 |
Total |  | $ | 11,425 |  |  | $ | 50,898 |  |  | $ | 37,920 |
Provision for Income Taxes | The provision for income taxes consists of the following:
|  | For the year ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (90 | ) |  | $ | - |  |  | $ | - |
State |  |  | 5 |  |  |  | 1 |  |  |  | 42 |
Foreign |  |  | 5,915 |  |  |  | 9,140 |  |  |  | 4,688 |
Total current |  |  | 5,830 |  |  |  | 9,141 |  |  |  | 4,730 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (2,985 | ) |  |  | 338 |  |  |  | (497 | )
State |  |  | 115 |  |  |  | (135 | ) |  |  | 361 |
Foreign |  |  | (2,097 | ) |  |  | (640 | ) |  |  | 715 |
Total deferred |  |  | (4,967 | ) |  |  | (437 | ) |  |  | 579 |
Total |  | $ | 863 |  |  | $ | 8,704 |  |  | $ | 5,309 |
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, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Expected tax at statutory rate |  | $ | 3,884 |  |  | $ | 17,305 |  |  | $ | 13,272 |
Foreign taxes at other rates |  |  | (7,512 | ) |  |  | (12,487 | ) |  |  | (9,107 | )
US tax on foreign earnings, net of foreign tax credits |  |  | (405 | ) |  |  | 1,968 |  |  |  | (9 | )
Valuation reserves on NOL carryforwards |  |  | 3,816 |  |  |  | 469 |  |  |  | 2 |
State income taxes, net of federal benefit |  |  | 83 |  |  |  | 26 |  |  |  | 140 |
Disallowed expenses and other |  |  | 997 |  |  |  | 1,423 |  |  |  | 1,011 |
Total |  | $ | 863 |  |  | $ | 8,704 |  |  | $ | 5,309 |
Deferred Income Tax Balances | Deferred income tax balances are comprised of the following:
|  | As of December 31, |
|  | 2016 |  |  | 2015 |
Deferred tax assets: |  |  |  |  |  |  |  |
U.S. foreign tax credit |  | $ | 7,027 |  |  | $ | 3,309 |
Stock and long-term compensation plans |  |  | 2,304 |  |  |  | 2,817 |
Foreign NOL & other carryforwards |  |  | 16,340 |  |  |  | 13,771 |
US state NOL carryforwards |  |  | 803 |  |  |  | 248 |
US alternative minimum tax |  |  | 357 |  |  |  | 395 |
Deferred revenue |  |  | 358 |  |  |  | 672 |
Pension liability, net |  |  | 624 |  |  |  | 0 |
Reserve for uncertain tax issues |  |  | (445 | ) |  |  | (560 | )
Amortization and depreciation |  |  | 708 |  |  |  | 627 |
Accrued expenses and other |  |  | 523 |  |  |  | 288 |
Total gross deferred tax assets |  |  | 28,599 |  |  |  | 21,567 |
Less: Valuation allowance |  |  | (6,274 | ) |  |  | (13,719 | )
Net deferred income tax assets |  | $ | 22,325 |  |  | $ | 7,848 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Swiss tax allowances |  | $ | 691 |  |  | $ | 851 |
US tax on unremitted foreign earnings |  |  | 424 |  |  |  | 137 |
Deferred revenue |  |  | - |  |  |  | 901 |
Intangible assets |  |  | 10,947 |  |  |  | 8,008 |
Deferred tax liabilities |  | $ | 12,062 |  |  | $ | 9,897 |
Net deferred tax assets (liabilities) |  | $ | 10,263 |  |  | $ | (2,049 | )
Summary of Net Operating Loss Carryforwards | At December 31, 2016, we had foreign and state net operating loss (NOL) carryforwards and other foreign deductible carryforwards as shown in the following table;
|  | Carryforward |  |  | Expiration |
NOL Carryforward |  |  |  |  |  |  |  |
Canada |  | $ | 39,375 |  |  |  | 2024-2036 |
Other foreign |  |  | 3,101 |  |  |  | None |
U.S. states |  |  | 15,634 |  |  |  | 2017-2036 |
|  |  | 58,110 |  |  |  |  |
Other Carryforwards |  |  |  |  |  |  |  |
Canada |  |  | 14,883 |  |  |  | None |
Other foreign |  |  | 1,934 |  |  |  | 2017-2018 |
|  |  | 16,817 |  |  |  |  |
|  | $ | 74,927 |  |  |  |  |
Schedule of Tax Benefit of Uncertain Tax Position |
|  | As of December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Reserve at beginning of year |  | $ | 560 |  |  | $ | 560 |  |  | $ | 560 |
Increases related to prior year tax positions |  |  | 217 |  |  |  | - |  |  |  | - |
Lapse of statute of limitations |  |  | (115 | ) |  |  | - |  |  |  | - |
Total |  | $ | 662 |  |  | $ | 560 |  |  | $ | 560 |
Summary of Income Tax Examinations | Our primary tax jurisdictions and the earliest tax year subject to audit are presented in the following table.
Australia |  |  | 2008 |
Austria |  |  | 2010 |
Belgium |  |  | 2014 |
Canada |  |  | 2012 |
Netherlands |  |  | 2011 |
Singapore |  |  | 2011 |
Switzerland |  |  | 2015 |
United States |  |  | 2007 |

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