Income Tax Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Income Tax Disclosure [Abstract] | |
Schedule of Income before Income Tax, Domestic and Foreign | The jurisdictional components of income before taxes consist of the following: | | | | | | | | | | | | | | | | December 31, | (in thousands) | | 2016 | | 2015 | | 2014 | Income before income taxes: | | | | | | | Domestic | | $ | 44,446 |
| | $ | 52,313 |
| | $ | 43,345 |
| Foreign | | 17,743 |
| | 14,554 |
| | 17,260 |
| | | $ | 62,189 |
| | $ | 66,867 |
| | $ | 60,605 |
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Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense (benefit) consist of the following: | | | | | | | | | | | | | | | | December 31, | (in thousands) | | 2016 | | 2015 | | 2014 | Current: | | | | | | | Domestic | | $ | 11,958 |
| | $ | 13,293 |
| | $ | 13,495 |
| Foreign | | 5,491 |
| | 4,614 |
| | 3,382 |
| State | | 2,075 |
| | 2,947 |
| | 2,685 |
| | | 19,524 |
| | 20,854 |
| | 19,562 |
| Deferred: | | |
| | |
| | |
| Domestic | | 1,580 |
| | 3,481 |
| | (600 | ) | Foreign | | 934 |
| | (718 | ) | | 540 |
| State | | 106 |
| | 41 |
| | (48 | ) | | | 2,620 |
| | 2,804 |
| | (108 | ) | Total income taxes | | $ | 22,144 |
| | $ | 23,658 |
| | $ | 19,454 |
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Schedule of Effective Income Tax Rate Reconciliation | The difference between income tax expense (benefit) for financial statement purposes and the amount of income tax expense computed by applying the domestic statutory income tax rate of 35% to income before income taxes consists of the following: | | | | | | | | | | | | | | | | December 31, | (in thousands) | | 2016 | | 2015 | | 2014 | Domestic statutory rate at 35% | | $ | 21,766 |
| | $ | 23,403 |
| | $ | 21,212 |
| Increase (reduction) from: | | |
| | |
| | |
| Jurisdictional rate differences | | (1,936 | ) | | (2,192 | ) | | (2,119 | ) | Valuation allowance | | 1,731 |
| | 797 |
| | 353 |
| Stock based compensation | | 275 |
| | 257 |
| | 199 |
| U.S. state taxes | | 1,295 |
| | 1,942 |
| | 1,649 |
| Domestic production deduction | | (618 | ) | | (518 | ) | | (1,321 | ) | R&D credit | | (329 | ) | | (475 | ) | | (614 | ) | Other, net | | (40 | ) | | 444 |
| | 95 |
| Provision for income taxes | | $ | 22,144 |
| | $ | 23,658 |
| | $ | 19,454 |
| Effective tax rate | | 36 | % | | 35 | % | | 32 | % |
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Schedule of Deferred Tax Assets and Liabilities | The components of the Company’s deferred income tax assets and liabilities consist of the following: | | | | | | | | | | | | December 31, | (in thousands) | | 2016 | | 2015 | Deferred income tax assets: | | | | | Inventory basis difference | | $ | 1,568 |
| | $ | 2,241 |
| Accounts receivable reserve | | 231 |
| | 529 |
| Depreciation | | — |
| | 110 |
| Stock based compensation | | 937 |
| | 968 |
| Pension liability | | 3,947 |
| | 2,481 |
| Employee benefit accrual | | 1,481 |
| | 2,038 |
| Product liability and warranty reserves | | 1,600 |
| | 1,517 |
| Expenses not currently deductible for tax purposes | | 28 |
| | 60 |
| Foreign net operating loss | | 3,513 |
| | 2,726 |
| State net operating loss | | 102 |
| | 49 |
| Other | | 94 |
| | 194 |
| | | | | | Total deferred income tax assets | | $ | 13,501 |
| | $ | 12,913 |
| Less: Valuation allowance | | (3,382 | ) | | (1,651 | ) | | | | | | Net deferred income tax assets | | $ | 10,119 |
| | $ | 11,262 |
| | | |
| | |
| Deferred income tax liabilities: | | |
| | |
| Inventory basis differences | | $ | (16 | ) | | $ | (310 | ) | Depreciation | | (5,289 | ) | | (4,624 | ) | Intangible assets | | (10,046 | ) | | (7,934 | ) | Deferred revenue | | — |
| | — |
| Expenses not currently deductible for tax purposes | | (593 | ) | | (642 | ) | | |
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| Total deferred income tax liabilities | | $ | (15,944 | ) | | $ | (13,510 | ) | | | | | | Net deferred income taxes | | $ | (5,825 | ) | | $ | (2,248 | ) |
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Schedule of Unrecognized Tax Benefits Roll Forward | | | | | | | | | | | | | December 31, | | | 2016 | | 2015 | Balance as of beginning of year | | $ | 301,000 |
| | $ | 388,000 |
| Additions for tax positions related to the current year | | 51,000 |
| | 63,000 |
| Additions for tax positions related to prior years | | — |
| | — |
| Reduction due to lapse of statute of limitations | | (117,000 | ) | | (150,000 | ) | Balance as of end of year | | $ | 235,000 |
| | $ | 301,000 |
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