Component: (Network and Table)
930903 - Disclosure - Income Taxes (Tables)
Slicers (applies to each fact value in each table cell)
Income Taxes [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Taxes [Abstract]
Schedule Of Income Tax Expense
Note 9—Income Taxes
Income tax expense (benefit) based on income before income taxes consisted of the following:
Year Ended December 31,
(in thousands)201620152014
U.S. Federal$(1,033)$619$(87)
State and local498798822
U.S. Federal3,926(12,322)8,999
State and local1,1961,1941,663
Schedule Of Income Before Income Taxes
Worldwide income before income taxes consisted of the following:
Year Ended December 31,
(in thousands)201620152014
United States$6,520$18,599$24,260
Schedule Of Federal Statutory Income Tax Rate To Income Before Income Tax

Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income taxes as a result of the following:

Year Ended December 31,
(in thousands)201620152014
Tax at statutory rate$23,866$31,514$34,520
State taxes, net of federal tax effect1,1021,2951,615
Effect of foreign operations and tax incentives(15,496)(21,820)(24,330)
Change in valuation allowance(1,152)(19,640)(118)
Chinese retroactive tax incentive(1,227)
Losses in foreign jurisdictions for which no benefit has
been provided2,1063,7115,812
Change in uncertain tax benefits reserve(8,270)(1,653)
Total income tax expense$4,141$(5,362)$17,388
Schedule Of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:

December 31,
(in thousands)20162015
Deferred tax assets:
Carrying value of inventories$2,400$4,391
Accrued liabilities and allowances deductible for tax purposes on a cash basis5,6636,052
Stock-based compensation3,8566,723
Net operating loss carryforwards38,98835,879
Tax credit carryforwards8,6888,121
Less: valuation allowance(16,026)(17,202)
Net deferred tax assets55,19561,008
Deferred tax liabilities:
Plant and equipment, due to differences in depreciation(11,499)(6,138)
Intangible assets, due to differences in amortization(35,492)(39,060)
Gross deferred tax liability(48,623)(46,920)
Net deferred tax asset$6,572$14,088
Schedule Of Tax Incentives

The net impact of these tax incentives was to lower income tax expense for 2016, 2015, and 2014 by approximately $6.7 million (approximately $0.13 per diluted share), $13.7 million (approximately $0.26 per diluted share) and $12.7 million (approximately $0.23 per diluted share), respectively, as follows:

Year Ended December 31,
(in thousands)201620152014
Schedule Of Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:

December 31,
(in thousands)201620152014
Balance as of January 1$13,114$14,756$18,174
Additions related to current year tax positions968
Decreases as a result of a lapse of applicable statute of
limitations in current year(5,079)(1,653)
Additions related to prior year tax positions89800
Decreases related to prior year tax positions(333)(789)(4,386)
Balance as of December 31$7,791$13,114$14,756