INCOME TAXES (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| INCOME TAXES |
|
| Income (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
(in thousands)
|
|
2018
|
|
2017
|
|
Domestic
|
|
$
|
(18,190)
|
|
$
|
(35,993)
|
|
Foreign
|
|
|
—
|
|
|
(393)
|
|
Loss from continuing operations
|
|
|
(18,190)
|
|
|
(36,386)
|
|
Loss from discontinued operations
|
|
|
(15,002)
|
|
|
(25,318)
|
|
Loss before income tax expense (benefit)
|
|
$
|
(33,192)
|
|
$
|
(61,704)
|
|
| Summary of income tax expense (benefit) |
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
(in thousands)
|
|
2018
|
|
2017
|
|
Current:
|
|
|
|
|
|
|
|
State
|
|
$
|
(3)
|
|
$
|
(1)
|
|
Foreign
|
|
|
(522)
|
|
|
404
|
|
Total current
|
|
|
(525)
|
|
|
403
|
|
Deferred:
|
|
|
|
|
|
|
|
Federal
|
|
|
(7,044)
|
|
|
(7,369)
|
|
State
|
|
|
(194)
|
|
|
110
|
|
Foreign
|
|
|
6
|
|
|
1,675
|
|
Total deferred
|
|
|
(7,232)
|
|
|
(5,584)
|
|
Income tax expense (benefit)
|
|
$
|
(7,757)
|
|
$
|
(5,181)
|
|
| Income tax expense (benefit) allocated between continuing operations and discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
(in thousands)
|
|
2018
|
|
2017
|
|
Continuing operations
|
|
$
|
(4,400)
|
|
$
|
(6,367)
|
|
Discontinued operations
|
|
|
(3,357)
|
|
|
1,186
|
|
Income tax expense (benefit)
|
|
$
|
(7,757)
|
|
$
|
(5,181)
|
|
| Schedule of effective income tax rate for continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
|
2018
|
|
2017
|
|
(in thousands)
|
|
Amount
|
|
Percent
|
|
Amount
|
|
Percent
|
|
Tax expense (benefit) computed at the maximum U.S. statutory rate
|
|
$
|
(3,820)
|
|
21.0
|
%
|
|
$
|
(12,735)
|
|
35.0
|
%
|
|
Difference resulting from state income taxes, net of federal income tax benefits
|
|
|
(483)
|
|
2.7
|
%
|
|
|
(772)
|
|
2.1
|
%
|
|
Foreign tax rate differences
|
|
|
—
|
|
—
|
%
|
|
|
138
|
|
(0.4)
|
%
|
|
Deferred tax impacts of the Tax Act
|
|
|
—
|
|
—
|
%
|
|
|
(5,430)
|
|
14.9
|
%
|
|
Non-deductible business disposition costs
|
|
|
—
|
|
—
|
%
|
|
|
4,266
|
|
(11.7)
|
%
|
|
Non-deductible expenses, other
|
|
|
136
|
|
(0.7)
|
%
|
|
|
236
|
|
(0.6)
|
%
|
|
Transition tax from Tax Act inclusion
|
|
|
—
|
|
—
|
%
|
|
|
2,587
|
|
(7.1)
|
%
|
|
Change in net operating loss carryforward
|
|
|
(581)
|
|
3.2
|
%
|
|
|
889
|
|
(2.4)
|
%
|
|
Change in valuation allowance
|
|
|
(2,136)
|
|
11.7
|
%
|
|
|
7,165
|
|
(19.7)
|
%
|
|
Change in accrual for uncertain tax positions
|
|
|
—
|
|
—
|
%
|
|
|
(31)
|
|
0.1
|
%
|
|
Change in foreign tax credits
|
|
|
1,811
|
|
(10.0)
|
%
|
|
|
(74)
|
|
0.2
|
%
|
|
Stock-based compensation (ASU 2016-09)
|
|
|
—
|
|
—
|
%
|
|
|
(2,588)
|
|
7.1
|
%
|
|
Other, net
|
|
|
673
|
|
(3.7)
|
%
|
|
|
(18)
|
|
—
|
%
|
|
Total tax expense (benefit)
|
|
$
|
(4,400)
|
|
24.2
|
%
|
|
$
|
(6,367)
|
|
17.5
|
%
|
|
| Components of deferred income tax assets and liabilities |
|
|
|
|
|
|
|
|
|
|
|
December 31,
|
|
(in thousands)
|
|
2018
|
|
2017
|
|
Assets:
|
|
|
|
|
|
|
|
Cost in excess of identifiable net assets of business acquired
|
|
$
|
6,633
|
|
$
|
7,534
|
|
Reserves and other accruals
|
|
|
4,328
|
|
|
5,555
|
|
Tax credit carryforwards
|
|
|
7,819
|
|
|
12,564
|
|
Accrued compensation and benefits
|
|
|
1,946
|
|
|
2,509
|
|
State net operating loss carryforwards
|
|
|
10,843
|
|
|
8,937
|
|
Federal net operating loss carryforwards
|
|
|
47,382
|
|
|
38,990
|
|
Gain/loss on assets held for sale
|
|
|
1,393
|
|
|
1,393
|
|
Other
|
|
|
782
|
|
|
—
|
|
|
|
|
81,126
|
|
|
77,482
|
|
Liabilities:
|
|
|
|
|
|
|
|
Indefinite life intangibles
|
|
|
(10,876)
|
|
|
(10,075)
|
|
Property and equipment
|
|
|
(248)
|
|
|
(262)
|
|
Other
|
|
|
—
|
|
|
(720)
|
|
Net deferred tax assets
|
|
|
70,002
|
|
|
66,425
|
|
Valuation allowance for net deferred tax assets
|
|
|
(72,684)
|
|
|
(76,346)
|
|
Net deferred tax liability after valuation allowance
|
|
$
|
(2,682)
|
|
$
|
(9,921)
|
|
| Reconciliation of unrecognized tax benefits |
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
(in thousands)
|
|
2018
|
|
2017
|
|
Unrecognized tax benefits at January 1
|
|
$
|
3,328
|
|
$
|
4,150
|
|
Change in unrecognized tax benefits taken during a prior period
|
|
|
—
|
|
|
(687)
|
|
Reductions to unrecognized tax benefits from lapse of statutes of limitations
|
|
|
(233)
|
|
|
(135)
|
|
Unrecognized tax benefits at December 31
|
|
$
|
3,095
|
|
$
|
3,328
|
|
|
|
|
|
|
|
|
|
Unrecognized tax benefits from discontinued operations at December 31
|
|
$
|
1,194
|
|
$
|
1,427
|
|
Unrecognized tax benefits from continuing operations at December 31
|
|
|
1,901
|
|
|
1,901
|
|
|
|
$
|
3,095
|
|
$
|
3,328
|
|
| Presentation of open tax years by jurisdiction |
|
|
|
|
|
|
|
Tax Jurisdiction
|
|
Examination in Progress
|
|
Open Tax Years for Examination
|
|
United States
|
|
None
|
|
2006 to Present
|
|
Mexico
|
|
None
|
|
2013 to Present
|
|
China
|
|
None
|
|
2010 to Present
|
|
The Netherlands
|
|
None
|
|
2015 to Present
|
|