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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Schedule Of Effective Income Tax Rate For Continuing Operations

The significant differences between the U.S. federal statutory rate and the effective income tax rate for the six months ended June 30, 2021 and 2020 are as follows:

(In thousands, except percentages)			2021												2020
Six Months Ended June 30,			Amount						%						Amount						%
Income tax (benefit) expense at federal statutory rate			$	8,225					21.0		%				$	(1,833)					21.0		%
Foreign rate differences			2,925						7.5		%				2,425						(27.9)		%
U.S. Tax on Foreign Branch Income			3,062						7.8		%				670						(7.7)		%
State taxes, net of federal income tax benefit			584						1.5		%				(220)						2.5		%
Stock-based compensation			480						1.2		%				247						(2.8)		%
Non-deductible expenses			411						1.0		%				293						(3.4)		%
Valuation allowance for capital loss carry-forwards			132						0.3		%				40						(0.5)		%
Unremitted earnings from foreign operations			—						—		%				148						(1.7)		%
Tax contingency accruals and tax settlements			—						—		%				(148)						1.7		%
Tax impact of dividend received			(33)						(0.1)		%				—						—		%
Changes in estimates related to prior year tax provision			(450)						(1.1)		%				(592)						6.8		%
Research and development tax credit			(644)						(1.6)		%				(355)						4.1		%
Foreign tax incentives			(5,872)						(15.0)		%				(3,041)						35.0		%
Income tax expense (benefit) at effective income tax rate			$	8,820					22.5		%				$	(2,366)					27.1		%

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- References

No definition available.

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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