v2.4.1.9

Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Pretax Earnings (Loss) | Pretax earnings (loss) for the years ended December 31, 2014, 2013 and 2012 were taxed in the following jurisdictions:
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Domestic |  | $ | 869 |  |  | $ | 648 |  |  | $ | (807 | )
Foreign |  |  | (1,344 | ) |  |  | (1,142 | ) |  |  | (1,788 | )
|  | $ | (475 | ) |  | $ | (494 | ) |  | $ | (2,595 | )
Provision (Benefit) for Income Taxes | The provision (benefit) for income taxes in each of 2014, 2013 and 2012 is summarized below:
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 74 |  |  | $ | — |  |  | $ | — |
State |  |  | 79 |  |  |  | 90 |  |  |  | 61 |
Foreign |  |  | (14 | ) |  |  | 1 |  |  |  | (409 | )
|  |  | 139 |  |  |  | 91 |  |  |  | (348 | )
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 168 |  |  |  | 216 |  |  |  | (171 | )
State |  |  | 34 |  |  |  | 87 |  |  |  | — |
Foreign |  |  | (293 | ) |  |  | (251 | ) |  |  | (62 | )
|  |  | (91 | ) |  |  | 52 |  |  |  | (233 | )
|  | $ | 48 |  |  | $ | 143 |  |  | $ | (581 | )
Components of Deferred Tax Assets (Liabilities) | Deferred tax assets (liabilities) were comprised of the following at December 31:
|  | 2014 |  |  | 2013 |
|  | (In thousands) |
Deferred tax assets |  |  |  |  |  |  |  |
Inventory |  | $ | 1,112 |  |  | $ | 1,155 |
Bad debt provision |  |  | 47 |  |  |  | 60 |
Property and equipment |  |  | 81 |  |  |  | 95 |
Deferred credits |  |  | 1,280 |  |  |  | 1,280 |
Loss carryforwards |  |  | 1,203 |  |  |  | 1,031 |
Rent |  |  | 121 |  |  |  | 148 |
Other |  |  | 802 |  |  |  | 812 |
Gross deferred tax assets |  |  | 4,646 |  |  |  | 4,581 |
Less valuation allowance(2) |  |  | (1,354 | ) |  |  | (1,369 | )
|  |  | 3,292 |  |  |  | 3,212 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Property and equipment |  |  | (79 | ) |  |  | (84 | )
Unremitted earnings of foreign affiliates |  |  | (29 | ) |  |  | (53 | )
Gross deferred tax liabilities |  |  | (108 | ) |  |  | (137 | )
Net deferred tax assets(1) |  | $ | 3,184 |  |  | $ | 3,075 |
(1) | $1,755,000 and $1,849,000 of the total deferred tax assets at December 31, 2014 and 2013 were included in current assets and $1,429,000 and $1,226,000 were included in other long-term assets at December 31, 2014 and 2013, respectively.
(2) | The deferred tax valuation allowance decreased by $15,000 during 2014 and $7,000 during 2013.
Reconciliation between Actual Tax Expense (Benefit) and Expected Tax Expense (Benefit) | Set forth below is a reconciliation between actual tax expense (benefit) and expected tax expense (benefit) for the respective periods presented below:
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Loss before income taxes |  | $ | (475 | ) |  | $ | (494 | ) |  | $ | (2,595 | )
Expected income tax expense at 34% |  | $ | (162 | ) |  | $ | (168 | ) |  | $ | (882 | )
Difference in rates on earnings of foreign operations |  |  | 185 |  |  |  | 148 |  |  |  | 83 |
Stock-based compensation and other nondeductible expenses |  |  | 43 |  |  |  | 33 |  |  |  | 27 |
State taxes and credits (net of federal benefit) |  |  | 63 |  |  |  | 134 |  |  |  | 50 |
Change in valuation allowance |  |  | (15 | ) |  |  | (7 | ) |  |  | — |
Unremitted earnings of foreign subsidiaries |  |  | (24 | ) |  |  | (5 | ) |  |  | (19 | )
Exclusion of earnings of foreign affiliates |  |  | (30 | ) |  |  | (22 | ) |  |  | (54 | )
Foreign dividend |  |  | — |  |  |  | — |  |  |  | 192 |
Shortfall on vested restricted shares that exceed pool of windfall tax benefits |  |  | — |  |  |  | 32 |  |  |  |  |
Intercompany profit elimination |  |  | (14 | ) |  |  | — |  |  |  | — |
Other |  |  | 2 |  |  |  | (2 | ) |  |  | 22 |
Income tax provision (benefit) |  | $ | 48 |  |  | $ | 143 |  |  | $ | (581 | )
Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
Unrecognized Tax Benefits (in thousands): |  | 2014 |  |  | 2013 |
Balance as of January 1, |  | $ | 273 |  |  | $ | 263 |
Additions for tax positions related to the current year |  |  | 3 |  |  |  | 10 |
Additions for tax positions related to prior years |  |  | 15 |  |  |  | — |
Reductions for tax positions of prior years |  |  | (37 | ) |  |  | — |
Balance as of December 31, |  | $ | 254 |  |  | $ | 273 |

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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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- 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
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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://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
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