Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Components Of Consolidated Income (Losses) From Continuing Operations Before Income Taxes


	Year Ended December 31,
	2014		2013		2012

U.S. operations	$	(9,779)	$	(7,576)	$	(1,225)
Foreign operations		(2,963)		(8,925)		(3,101)
Loss before income tax	$	(12,742)	$	(16,501)	$	(4,326)

Components Of Income Tax Provision (Benefit)


	Year Ended December 31,
	2014		2013		2012

Current:
Federal	$	(1,080)	$	24	$	10
State and local		12		71		(20)
Foreign		54		140		3
		(1,014)		235		(7)
Deferred:
Federal		(1,517)		(2,912)		651
State and local		(171)		(424)		(1,200)
Foreign		(1,005)		(2,268)		(1,608)
		(2,693)		(5,604)		(2,157)
Change in valuation allowance for deferred income taxes		156		-		(1,300)
		(2,537)		(5,604)		(3,457)

Income tax benefit	$	(3,551)	$	(5,369)	$	(3,464)

Allocation Of Income Tax Expense


	Year Ended December 31,
	2014		2013		2012

Continuing operations	$	(3,551)	$	(5,369)	$	(3,464)
Discontinued operations		20,431		3,296		1,600
	$	16,880	$	(2,073)	$	(1,864)

Schedule Of Effective Income Tax Rate Reconciliation


	Year Ended December 31,
	2014		2013		2012

Computed "expected" income tax benefit	(34.0)	%	(34.0)	%	(34.0)	%
Increase (decrease) in income taxes resulting from:
Foreign taxes	0.4		4.0		2.9
State income taxes, net of federal income taxes	(1.6)		(0.8)		0.5
Income tax credits	(1.0)		(3.5)		(1.4)
Incentive stock options	1.4		1.7		5.2
Transactions costs	-		-		13.7
Change in effective state rate	1.0		-		(15.6)
Change in enacted foreign statutory rates	-		-		(23.7)
Foreign sourced unearned income	1.8		-		5.2
Undistributed earnings of foreign subsidiaries	3.7		-		-
Other	(0.8)		0.1		(2.4)
Change in valuation allowance	1.2		-		(30.5)
Income tax benefit	(27.9)	%	(32.5)	%	(80.1)	%

Schedule Of Deferred Tax Assets And Liabilities


	December 31,
	2014		2013

Deferred tax assets:
Net operating loss, capital loss amount and research & experimentation credit carryforwards	$	65,415	$	82,820
Non-cash compensation		2,441		2,304
Accrued liabilities		2,342		2,100
Reserves and other		2,986		3,318
Intangibles		281		2,056
		73,465		92,598
Valuation allowance		(16,081)		(17,120)
Net deferred tax assets		57,384		75,478
Deferred tax liabilities:
Depreciation		(893)		(1,057)
Discount on notes		(1,502)		(1,967)
Intangibles		(17,627)		(25,746)
Other		(1,622)		(141)
		(21,644)		(28,911)

Total	$	35,740	$	46,567

Schedule Of Roll Forward Of Valuation Allowance For Deferred Income Tax Assets


	Balance at Beginning of Year		Charged (Credited) to Costs and Expenses		Other Adjustments (a)		Balance at End of Year

2012	$	18,504	$	(1,300)	$	406	$	17,610
2013		17,610		-		(490)		17,120
2014	$	17,120	$	156	$	(1,195)	$	16,081

(a)

During the years ended December 31, 2014 and 2013, the decrease in valuation allowance is due to the expiration of state NOL’s that had a full valuation allowance. During the year ended December 31, 2012, the increase in valuation allowance is due to the acquisition of certain deferred tax assets where the more likely than not criteria was not met.

Summary Of Tax Credit Carryforwards


Net Operating Loss Carryforward Expiration Dates
December 31, 2014

Expiration Dates December 31,	Net Operating Loss Amount
2021	$	32,428
2022		115,000
2023		5,712
2024		3,566
2025 and beyond		10,597
Total		167,303
Excess stock based payment tax deductions		(294)
After limitations	$	167,009