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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | For financial reporting purposes, income before taxes includes the following components (in thousands):
| Years ended December 31,
| 2019 |  | 2018 |  | 2017
Domestic | $ | (7,405 | ) |  | $ | (7,897 | ) |  | $ | (3,552 | )
Foreign | 33,845 |  |  | 41,886 |  |  | 24,115 |
| $ | 26,440 |  |  | $ | 33,989 |  |  | $ | 20,563 |
Schedule of Components of Income Tax Expense (Benefit) | The expense (benefit) for income taxes is comprised of (in thousands):
| Years ended December 31,
| 2019 |  | 2018 |  | 2017
Current: |  |  |  |  |
Federal | $ | 453 |  |  | $ | 189 |  |  | $ | (425 | )
State and local | (130 | ) |  | 162 |  |  | 89 |
Foreign | 6,378 |  |  | 8,982 |  |  | 4,615 |
| 6,701 |  |  | 9,333 |  |  | 4,279 |
Deferred: |  |  |  |  |
Federal | (2,638 | ) |  | 197 |  |  | (257 | )
State and local | (123 | ) |  | (35 | ) |  | (1 | )
Foreign | 205 |  |  | 849 |  |  | 2,148 |
| (2,556 | ) |  | 1,011 |  |  | 1,890 |
Total income tax expense | $ | 4,145 |  |  | $ | 10,344 |  |  | $ | 6,169 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of income tax expense (benefit) at the U.S. federal statutory income tax rate to the actual income tax provision is as follows (in thousands):
| Years ended December 31,
| 2019 |  | 2018 |  | 2017
Tax at statutory rate | $ | 5,553 |  |  | $ | 7,138 |  |  | $ | 7,197 |
State income taxes, net of U.S. federal tax benefit | (21 | ) |  | 89 |  |  | 93 |
Effect of foreign operations | (109 | ) |  | 611 |  |  | (1,137 | )
Change in valuation allowance | (646 | ) |  | 498 |  |  | (397 | )
Change in unrecognized tax benefits, net | 650 |  |  | 258 |  |  | 105 |
Impairment of goodwill | — |  |  | 525 |  |  | — |
Specialty tax credits | (176 | ) |  | (295 | ) |  | (139 | )
Statutory rate changes | (249 | ) |  | 272 |  |  | (470 | )
Effect of foreign exchange | (1,152 | ) |  | 321 |  |  | (1,292 | )
Loss of benefit of U.S. net operating loss (a) | 967 |  |  | — |  |  | — |
Excess tax benefits related to share based compensation (a) | (357 | ) |  | — |  |  | — |
2017 Tax Act: |  |  |  |  |  |  |  |
Effects of U.S. tax reform | — |  |  | (135 | ) |  | 11,311 |
Change in valuation allowance | — |  |  | 945 |  |  | (9,093 | )
Other | (315 | ) |  | 117 |  |  | (9 | )
Total income tax expense | $ | 4,145 |  |  | $ | 10,344 |  |  | $ | 6,169 |
(a) Amounts for 2017 and 2018 are included in Other and fell below the 5% threshold.
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):
| December 31,
| 2019 |  | 2018
Deferred tax assets: |  |  |
Pension and other postretirement costs | $ | 3,770 |  |  | $ | 3,600 |
Inventories | 2,095 |  |  | 2,103 |
Net operating/capital loss and interest carryforwards | 11,895 |  |  | 9,536 |
Tax credit carryforwards | 1,431 |  |  | 748 |
Deferred compensation | 2,865 |  |  | 2,009 |
Other accruals and reserves | 3,362 |  |  | 3,547 |
Book over tax depreciation | — |  |  | 12 |
Total gross deferred tax assets | 25,418 |  |  | 21,555 |
Less: valuation allowance | (14,867 | ) |  | (14,455 | )
| 10,551 |  |  | 7,100 |
Deferred tax liabilities: |  |  |
Tax over book depreciation | (290 | ) |  | — |
Investment in subsidiary | (1,845 | ) |  | (1,983 | )
Intangible assets, including tax deductible goodwill | (5,745 | ) |  | (884 | )
Total gross deferred tax liabilities | (7,880 | ) |  | (2,867 | )
Net deferred tax assets | $ | 2,671 |  |  | $ | 4,233 |
Summary of Valuation Allowance | Significant valuation allowances are as follows (in thousands):
| December 31,
Jurisdiction | 2019 |  | 2018
U.S. federal | $ | 3,395 |  |  | $ | 4,240 |
U.S. state (net of U.S. federal tax benefit) | 8,411 |  |  | 8,057 |
Israel - capital losses | 2,457 |  |  | 1,457 |
Summary of Operating Loss Carryforwards | The following table summarizes significant net operating losses and credit carryforwards as of December 31, 2019 (in thousands):
| December 31, |  |
Jurisdiction | 2019 |  | Expiring
U.S. foreign tax credit | 1,431 |  |  | 2025-2039
U.S state net operating losses | 92,407 |  |  | 2023-2039
Israel capital losses | 10,684 |  |  | No expiration
Summary of Income Tax Contingencies | The following table summarizes changes in the Company's gross liabilities, excluding interest and penalties, associated with unrecognized tax benefits (in thousands):
| December 31,
| 2019 |  | 2018 |  | 2017
Balance at beginning of year | $ | 912 |  |  | $ | 823 |  |  | $ | 772 |
Addition based on tax positions related to current year | 144 |  |  | 189 |  |  | 163 |
Addition based on tax positions related to prior years | 668 |  |  | 182 |  |  | — |
Reduction based on tax positions related to prior years | (32 | ) |  | (98 | ) |  | (12 | )
Currency translation adjustments | 3 |  |  | (28 | ) |  | 14 |
Reduction for payments made | (134 | ) |  | — |  |  | — |
Reduction for lapses of statute of limitations | (206 | ) |  | (156 | ) |  | (114 | )
Balance before indemnification receivable | 1,355 |  |  | 912 |  |  | 823 |
Receivable from Vishay Intertechnology for indemnification | — |  |  | — |  |  | (12 | )
Balance at end of year | $ | 1,355 |  |  | $ | 912 |  |  | $ | 811 |

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