Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income Taxes [Abstract]  
Components Of Consolidated Income (Losses) From Continuing Operations Before Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

U.S. operations

 

$

(1,497)

 

$

3,179 

 

$

1,755 

Foreign operations

 

 

(6,446)

 

 

(3,091)

 

 

449 

(Loss) income before income tax

 

$

(7,943)

 

$

88 

 

$

2,204 

 

 

Components Of Income Tax Provision (Benefit)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

Federal

 

$

24 

 

$

10 

 

$

206 

State and local

 

 

71 

 

 

(20)

 

 

41 

Foreign

 

 

327 

 

 

 

 

321 

 

 

 

422 

 

 

(7)

 

 

568 

Deferred:

 

 

 

 

 

 

 

 

 

Federal

 

 

(1,155)

 

 

2,115 

 

 

98 

State and local

 

 

563 

 

 

(1,067)

 

 

(132)

Foreign

 

 

(1,413)

 

 

(1,605)

 

 

(222)

 

 

 

(2,005)

 

 

(557)

 

 

(256)

Decrease in valuation allowance for deferred income taxes

 

 

(490)

 

 

(1,300)

 

 

(3,000)

 

 

 

(2,495)

 

 

(1,857)

 

 

(3,256)

 

 

 

 

 

 

 

 

 

 

Income tax benefit

 

$

(2,073)

 

$

(1,864)

 

$

(2,688)

 

Schedule Of Effective Income Tax Rate Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

Computed "expected" income tax (benefit) expense

 

(34.0)

%

 

34.0 

%

 

34.0 

%

Increase (decrease) in income taxes resulting from:

 

 

 

 

 

 

 

 

 

Foreign taxes

 

10.9 

 

 

145.1 

 

 

(2.4)

 

State income taxes, net of federal income taxes

 

(0.1)

 

 

126.2 

 

 

3.5 

 

Income tax credits

 

(7.3)

 

 

 -

 

 

 -

 

Incentive stock options

 

3.5 

 

 

 -

 

 

 -

 

Transactions costs

 

 -

 

 

682.9 

 

 

 -

 

Change in effective state rate

 

 -

 

 

(501.4)

 

 

 -

 

Change in enacted foreign statutory rates

 

 -

 

 

(1,178.1)

 

 

 -

 

Other

 

0.4 

 

 

365.4 

 

 

(21.0)

 

Decrease in valuation allowance

 

0.5 

 

 

(1,792.3)

 

 

(136.1)

 

Income tax benefit

 

(26.1)

%

 

(2,118.2)

%

 

(122.0)

%

 

Schedule Of Deferred Tax Assets And Liabilities

 

 

 

 

 

 

 

 

 

December 31,

 

 

2013

 

2012

 

 

 

 

 

 

 

Deferred tax assets:

 

 

 

 

 

 

Net operating loss, capital loss amount and research & experimentation credit carryforwards

 

$

82,820 

 

$

82,140 

Non-cash compensation

 

 

2,304 

 

 

2,717 

Accrued liabilities

 

 

2,100 

 

 

1,968 

Reserves and other

 

 

3,318 

 

 

2,740 

Intangibles

 

 

2,056 

 

 

2,411 

 

 

 

92,598 

 

 

91,976 

Valuation allowance

 

 

(17,120)

 

 

(17,610)

Net deferred tax assets

 

 

75,478 

 

 

74,366 

Deferred tax liabilities:

 

 

 

 

 

 

Depreciation

 

 

(1,057)

 

 

(1,219)

Discount on notes

 

 

(1,967)

 

 

(2,383)

Intangibles

 

 

(25,746)

 

 

(26,610)

Other

 

 

(141)

 

 

(300)

 

 

 

(28,911)

 

 

(30,512)

 

 

 

 

 

 

 

Total

 

$

46,567 

 

$

43,854 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Beginning of Period

 

Charged (Credited) to Costs and Expenses

 

Other Adjustments (a)

 

Balance at End of Period

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

$

21,504 

 

$

(3,000)

 

$

 -

 

$

18,504 

2012

 

 

18,504 

 

 

(1,300)

 

 

406 

 

 

17,610 

2013

 

$

17,610 

 

$

(490)

 

$

 -

 

$

17,120 

 

(a)

Increase in valuation allowance 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, 2013

 

 

 

 

Expiration Dates December 31,

 

Net Operating Loss Amount

2020

 

$

26,231 

2021

 

 

50,430 

2022

 

 

115,000 

2023

 

 

5,712 

2024

 

 

3,566 

2025

 

 

1,707 

2026

 

 

584 

2027

 

 

586 

2028

 

 

1,646 

2029

 

 

4,074 

2030 and beyond

 

 

6,026 

Total

 

 

215,562 

Tax windfall

 

 

(5,154)

After limitations

 

$

210,408