XML 64 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9

Income taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Income from Continuing Operations Before Provision for Income Taxes

Income from continuing operations before provision for income taxes consisted of:

		Year Ended December 31,
(US$ in thousands)		2013				2012				2011
		(Restated)				(Restated)				(Restated)
U.S.		$	(3,546	)		$	56,210			$	4,730
Non-U.S.			(7,057	)			12,855				(6,093	)
Total income before taxes		$	(10,603	)		$	69,065			$	(1,363	)

Schedule of Provision for (Benefit from) Income Taxes on Continuing Operations

The provision for (benefit from) income taxes on continuing operations in the accompanying consolidated statements of operations consists of the following:

		Year Ended December 31,
(US$ in thousands)		2013				2012				2011
		(Restated)				(Restated)				(Restated)
U.S.
Current		$	2,465			$	16,982			$	26,273
Deferred			4,013				2,675				(13,241	)
Total U.S			6,478				19,657				13,032
Non-U.S.
Current			2,308				3,191				2,111
Deferred			(1,184	)			1,096				(700	)
			1,124				4,287				1,411
Total tax expense		$	7,602			$	23,944			$	14,443

Schedule of Tax Effects of Significant Temporary Differences Comprising Deferred Tax Assets and Liabilities

The tax effects of the significant temporary differences, which comprise the deferred tax assets and liabilities, are as follows:

(US$ in thousands)		2013				2012
		(Restated)				(Restated)
Intangible assets and goodwill		$	4,798			$	5,338
Inventories and related reserves			20,769				19,626
Deferred revenue and cost of goods sold			11,577				12,336
Other accruals and reserves			4,778				6,149
Accrued compensation			3,942				3,791
Allowance for doubtful accounts			2,040				1,542
Accrued interest			18,063				17,995
Net operating loss carryforwards			34,979				27,231
Other, net			893				590
			101,839				94,598
Valuation allowance			(31,772	)			(26,361	)
Deferred tax asset		$	70,067			$	68,237
Withholding taxes			(13,026	)			(11,351	)
Property, plant and equipment			(7,674	)			(8,226	)
Deferred tax liability			(20,700	)			(19,577	)
Net deferred tax assets		$	49,367			$	48,660
Reported as:
Current deferred tax assets			39,999				38,487
Non-current deferred tax assets			22,394				21,523
Current deferred tax liability			—				—
Non-current deferred tax liability			(13,026	)			(11,350	)
Net deferred tax assets		$	49,367			$	48,660

Schedule of Effective Income Tax Rate Reconciliation for Continuing Operations

The rate reconciliation for continuing operations presented below is based on the U.S. federal income tax rate, rather than the parent company’s country of domicile tax rate. Management believes, given the large proportion of taxable income earned in the United States, such disclosure is more meaningful.

(US$ in thousands, except percentages)		2013								2012								2011
		Amount				Percent				Amount				Percent				Amount				Percent
		(Restated)				(Restated)				(Restated)				(Restated)				(Restated)				(Restated)
Statutory U.S. federal income tax rate		$	(3,711	)			35.0	%		$	24,179				35.0	%		$	(477	)			35.0	%
State taxes, net			2,039				(19.2	)%			2,536				3.7	%			1,809				(132.7	)%
Foreign rate differential			(510	)			4.8	%			(2,894	)			(4.2	)%			1,549				(113.6	)%
Valuation allowance—foreign losses			3,913				(36.9	)%			6,189				9.0	%			4,924				361.3	%
Italian subsidiary intangible			(2,288	)			21.6	%			(2,214	)			(3.2	)%			(2,421	)			177.6	%
Goodwill impairment			6,452				(60.9	)%			—				—				—				—
Domestic manufacturing deduction			(233	)			2.2	%			(1,567	)			(2.3	)%			(1,703	)			125.0	%
Withholding taxes			1,676				(15.8	)%			1,679				2.4	%			1,676				(123.0	)%
Settlement of U.S. Government resolutions			—				—				(1,260	)			(1.8	)%			9,520				(698.5	)%
Other items, net			264				(2.5	)%			(2,704	)			(3.9	)%			(434	)			31.9	%
Income tax expense/effective rate		$	7,602				(71.7	)%		$	23,944				34.7	%		$	14,443				(1,059.6	)%

Schedule of Gross Unrecognized Tax Benefits (Excluding Interest and Penalties)

A reconciliation of the gross unrecognized tax benefits (excluding interest and penalties) for the years ended December 31, 2013 and December 31, 2012 follows:

(US$ in thousands)		2013				2012
		(Restated)				(Restated)
Balance as of January 1,		$	1,189			$	610
Additions for current year tax positions			183				793
Decreases for prior year tax positions			(12	)			(106	)
Settlements of prior year tax positions			(560	)			—
Expiration of statutes			(77	)			(108	)
Balance as of December 31,		$	723			$	1,189

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h)(1)(i))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration