XML 22 R33.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Components of income (loss) before income taxes | The components of income (loss) before income taxes for the years ended December 31, 2013 and 2012 were as follows:
| 2013 |  |  | 2012 |
| (in thousands) |
United States | $ | 2,240 |  |  | $ | (72 | )
Foreign |  | 3,024 |  |  |  | 3,088 |
| $ | 5,264 |  |  | $ | 3,016 |
Components of provision (benefit) for income taxes by taxing authority | The components of the provision (benefit) for income taxes by taxing authority for the years ended December 31, 2013 and 2012 were as follows:
| 2013 |  |  | 2012 |
| (in thousands) |
Current provision: |  |  |  |  |  |  |
Federal | $ | — |  |  | $ | — |
Foreign |  | — |  |  |  | 101 |
States |  | 141 |  |  |  | — |
Total current provision |  | 141 |  |  |  | 101 |
Deferred provision (benefit): |  |  |  |  |  |  |
Federal |  | 536 |  |  |  | 671 |
Foreign |  | — |  |  |  | (101 | )
States |  | 36 |  |  |  | 36 |
Total deferred provision (benefit): |  | 572 |  |  |  | 606 |
| $ | 713 |  |  | $ | 707 |
Components of deferred federal income taxes | Significant components of the Company’s deferred federal income taxes were as follows:
| At December 31, |
| 2013 |  |  | 2012 |
| Current |  |  | Non-Current |  |  | Current |  |  | Non-Current |
| (in thousands) |  |  | (in thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued liabilities | $ | 413 |  |  | $ | — |  |  | $ | 159 |  |  | $ | — |
Deferred compensation |  | — |  |  |  | 686 |  |  |  | — |  |  |  | 363 |
Allowance for doubtful accounts |  | 120 |  |  |  | — |  |  |  | 101 |  |  |  | — |
Inventory |  | 270 |  |  |  | — |  |  |  | 388 |  |  |  | — |
Long-term contracts |  | 149 |  |  |  | — |  |  |  | 80 |  |  |  | — |
Net operating loss |  | — |  |  |  | 2,909 |  |  |  | — |  |  |  | 4,205 |
Intangible assets |  | — |  |  |  | 86 |  |  |  | — |  |  |  | 111 |
Foreign tax credit carry forward |  | — |  |  |  | 1,153 |  |  |  | — |  |  |  | 1,017 |
Valuation allowance |  | — |  |  |  | (5,385 | ) |  |  | (728 | ) |  |  | (5,750 | )
Deferred tax assets |  | 952 |  |  |  | (551 | ) |  |  | — |  |  |  | (54 | )
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in foreign investments |  | — |  |  |  | (3,233 | ) |  |  | — |  |  |  | (2,756 | )
Property and equipment |  | — |  |  |  | (147 | ) |  |  | — |  |  |  | 61 |
Intangible assets |  | — |  |  |  | (9 | ) |  |  | — |  |  |  | (9 | )
Translation gain |  | — |  |  |  | (553 | ) |  |  | — |  |  |  | (411 | )
Deferred tax liabilities |  | — |  |  |  | (3,942 | ) |  |  | — |  |  |  | (3,115 | )
Net deferred tax assets (liabilities) | $ | 952 |  |  | $ | (4,493 | ) |  | $ | — |  |  | $ | (3,169 | )
Summary of difference between effective income tax rate determined by applying statutory income tax rate | The difference between the effective income tax rate reflected in the provision for income taxes and the amounts, which would be determined by applying the statutory income tax rate of 34%, is summarized as follows:
| 2013 |  |  | 2012 |
| (in thousands) |
(Provision for) benefit from U.S federal statutory rate | $ | (1,798 | ) |  | $ | (1,032 | )
Effect of state income taxes |  | (141 | ) |  |  | (49 | )
Non-deductible business meals and entertainment expenses |  | (18 | ) |  |  | (95 | )
Foreign income taxes included in equity in earnings |  | 551 |  |  |  | — |
Adjustment of net operating loss carry forwards based on IRS audit, accrual to return adjustments and other |  | (153 | ) |  |  | — |
Change in valuation allowance |  | 846 |  |  |  | 469 |
Total (Expense) | $ | (713 | ) |  | $ | (707 | )

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