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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Components of income (loss) from continuing operations before taxes

The components of income (loss) from continuing operations before taxes are as follows (in thousands):

		Year ended December 31,
		2012				2011
Domestic		$	7,906			$	(2,770	)
Foreign			4,609				13,826
		$	12,515			$	11,056

Components of income tax expense (benefit) applicable to continuing operations

The components of income tax expense (benefit) applicable to continuing operations are as follows (in thousands):

		Year ended December 31,
		2012				2011
Current:
Federal		$	0			$	176
State			141				11
Foreign			1,236				1,926
Total current income tax expense			1,377				2,113
Deferred:
Federal			0				0
State			0				0
Foreign			871				508
Total deferred income tax expense			871				508
		$	2,248			$	2,621

Summary of reconciliation of income tax expense

The following is a reconciliation of income tax expense applicable to continuing operations to that computed by applying the federal statutory rate to loss from continuing operations before income taxes (in thousands):

		Year ended December 31,
		2012				2011
Federal tax expense at the statutory rate		$	1,831			$	3,665
Current year permanent differences			(18	)			(500	)
State income taxes, net of federal tax impact			(406	)			(562	)
Dividend from foreign subsidiary			0				2,593
Foreign repatriation, net of foreign tax credits			4,735				0
Mexican minimum taxes			1,021				0
Effect of tax rates of foreign subsidiaries			(440	)			(758	)
Currency translation effect on temporary differences			(882	)			123
Valuation allowance			(4,444	)			(2,172	)
Prior year adjustment			852				208
Other			(1	)			24
		$	2,248			$	2,621

Summary of Deferred income tax assets and liabilities

Deferred income tax assets and liabilities are as follows (in thousands):

		December 31,
		2012				2011
Deferred tax assets:
Compensation and benefit accruals		$	1,521			$	2,900
Inventory valuation			2,817				3,318
Federal and state net operating loss carryforwards			43,550				39,198
Deferred revenue			5,461				4,520
Accounts receivable allowance			121				138
Defined benefit pension plan			3,554				3,769
Foreign deferred revenue and other provisions			5,888				7,096
AMT credits			185				185
Other			135				1,457
			63,232				62,581
Domestic valuation allowance			(48,196	)			(51,215	)
Foreign valuation allowance			(746	)			(1,492	)
Total deferred tax assets			14,290				9,874
Deferred tax liabilities:
Foreign subsidiaries – unrepatriated earnings			(4,735	)			0
Depreciation			(4,413	)			(4,270	)
Total deferred tax liabilities			(9,148	)			(4,270	)
Net deferred tax asset		$	5,142			$	5,604

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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

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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

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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

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

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No definition available.

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