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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Income Before Provision (Benefit) for Income Taxes | Income before provision (benefit) for income taxes for the years ended December 31, 2013, 2012 and 2011 was as follows:
|  | Year ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Income before provision (benefit) for income taxes: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 8,259 |  |  | $ | 7,385 |  |  | $ | 1,633 |
Foreign |  |  | 16,919 |  |  |  | 12,956 |  |  |  | 24,472 |
Total |  | $ | 25,178 |  |  | $ | 20,341 |  |  | $ | 26,105 |
Income Tax Expense (Benefit) | Total income tax expense (benefit) for the years ended December 31, 2013, 2012, and 2011 was as follows:
|  | Year ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | — |  |  | $ | (115 | ) |  | $ | — |
State |  |  | 179 |  |  |  | 345 |  |  |  | 113 |
Non-U.S. |  |  | 4,490 |  |  |  | 2,910 |  |  |  | 6,023 |
Total current expense |  |  | 4,669 |  |  |  | 3,140 |  |  |  | 6,136 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | 3,594 |  |  |  | 2,789 |  |  |  | 534 |
State |  |  | 145 |  |  |  | 12 |  |  |  | 170 |
U.S. deferred tax valuation allowance |  |  | (818 | ) |  |  | (9,814 | ) |  |  | (704 | )
Non-U.S. |  |  | 410 |  |  |  | (54 | ) |  |  | (968 | )
Total deferred expense (benefit) |  |  | 3,331 |  |  |  | (7,067 | ) |  |  | (968 | )
Total expense (benefit) |  | $ | 8,000 |  |  | $ | (3,927 | ) |  | $ | 5,168 |
Reconciliation of Income Taxes Based on the U.S. Federal Statutory Rate | A reconciliation of income taxes based on the U.S. federal statutory rate of 34% for each of the years ended December 31, 2013, 2012 and 2011 is summarized as follows:
|  | Year ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Income taxes at the federal statutory rate |  | $ | 8,561 |  |  | $ | 6,916 |  |  | $ | 8,876 |
Impact of incentive stock options |  |  | 261 |  |  |  | 371 |  |  |  | 163 |
Decrease in U.S. valuation allowance |  |  | (818 | ) |  |  | (12,740 | ) |  |  | (704 | )
Foreign tax credit expiration |  |  | 818 |  |  |  | — |  |  |  | — |
Decrease in foreign valuation allowance |  |  | — |  |  |  | — |  |  |  | (1,219 | )
Capital gain on return of basis |  |  | — |  |  |  | 3,079 |  |  |  | — |
State income taxes, net of federal taxes |  |  | 198 |  |  |  | 334 |  |  |  | 75 |
Non-U.S. earnings taxed at different rates |  |  | (834 | ) |  |  | (1,606 | ) |  |  | (2,116 | )
Change in uncertain tax positions |  |  | 32 |  |  |  | (115 | ) |  |  | — |
Other permanent differences, net |  |  | (218 | ) |  |  | (166 | ) |  |  | 93 |
|  | $ | 8,000 |  |  | $ | (3,927 | ) |  | $ | 5,168 |
The Tax Effects of the Temporary Differences | The tax effects of the temporary differences as of December 31, 2013, 2012 and 2011 are as follows:
|  | December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Tax in excess of book depreciation |  | $ | 6,673 |  |  | $ | 6,670 |  |  | $ | 5,099 |
Goodwill |  |  | 2,213 |  |  |  | 1,987 |  |  |  | 1,821 |
Allowance for bad debts |  |  | — |  |  |  | — |  |  |  | 18 |
Other deferred tax liabilities |  |  | 63 |  |  |  | 112 |  |  |  | 843 |
Gross deferred income tax liabilities |  |  | 8,949 |  |  |  | 8,769 |  |  |  | 7,781 |
Deferred income tax assets: |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 3,215 |  |  |  | 4,141 |  |  |  | 4,846 |
Inventories |  |  | 836 |  |  |  | 768 |  |  |  | 167 |
Pension/Personnel accruals |  |  | 856 |  |  |  | 921 |  |  |  | 503 |
Deductions for uncollectible Eltmann receivables |  |  | — |  |  |  | — |  |  |  | 310 |
Net operating loss carry forwards |  |  | 1,351 |  |  |  | 3,682 |  |  |  | 7,526 |
Foreign tax credits |  |  | 3,026 |  |  |  | 3,844 |  |  |  | 3,326 |
Guarantee claim deduction |  |  | 1,141 |  |  |  | 1,141 |  |  |  | — |
Accruals and reserves |  |  | 114 |  |  |  | 293 |  |  |  | — |
Other deferred tax assets |  |  | 832 |  |  |  | 550 |  |  |  | 421 |
Gross deferred income tax assets |  |  | 11,371 |  |  |  | 15,340 |  |  |  | 17,099 |
Valuation allowance on deferred tax assets |  |  | (1,434 | ) |  |  | (2,252 | ) |  |  | (12,066 | )
Net deferred income tax assets |  |  | 9,937 |  |  |  | 13,088 |  |  |  | 5,033 |
Net deferred income tax assets (liabilities) |  | $ | 988 |  |  | $ | 4,319 |  |  | $ | (2,748 | )
Summary of the Activity in the Total Valuation Allowances | Below is a summary of the activity in the total valuation allowances during the years ended December 31, 2013, 2012 and 2011:
|  | Total Valuation Allowance Activity |
|  | Balance at Beginning of Year |  |  | Additions |  |  | Recoveries |  |  | Deconsolidation of Eltmann subsidiary |  |  | Balance at End of Year |
2013 |  | $ | 2,252 |  |  | $ | — |  |  | $ | (818 | ) |  | $ | — |  |  | $ | 1,434 |
2012 |  | $ | 12,066 |  |  | $ | — |  |  | $ | (9,814 | ) |  | $ | — |  |  | $ | 2,252 |
2011 |  | $ | 16,604 |  |  | $ | — |  |  | $ | (2,425 | ) |  | $ | (2,113 | ) |  | $ | 12,066 |
Summary of Reconciliation of the Beginning and Ending Amounts of Unrecognized Tax Benefits, Excluding Interest and Penalties | A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties for the years ended December 31, 2013, 2012 and 2011 is as follows:
|  | 2013 |  |  | 2012 |  |  | 2011 |
Beginning balance |  | $ | 873 |  |  | $ | 988 |  |  | $ | 953 |
Additions for tax positions of prior years |  |  | — |  |  |  | 428 |  |  |  | 35 |
Reductions for tax positions of prior years |  |  | — |  |  |  | (543 | ) |  |  | — |
Ending balance |  | $ | 873 |  |  | $ | 873 |  |  | $ | 988 |

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- 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
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