Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Income Tax Disclosure [Abstract] |
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| Schedule of Income (Loss) Before Noncontrolling Interest Income Taxes by Taxing Jurisdiction |
The components of income (loss) before noncontrolling interest and income taxes are as follows (in thousands): | | | | | | | | | | | | | | Years Ended December 31, |
| 2015 | | 2014 | | 2013 | Domestic | $ | (87,526 | ) | | $ | (21,533 | ) | | $ | 13,200 |
| Foreign | (3,829 | ) | | 6,870 |
| | 2,786 |
| Income (loss) before noncontrolling interest and income taxes | $ | (91,355 | ) | | $ | (14,663 | ) | | $ | 15,986 |
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| Schedule of Components of Income Tax Expense (Benefit) |
Income tax expense (benefit) consisted of the following (in thousands): | | | | | | | | | | | | | | Years Ended December 31, |
| 2015 | | 2014 | | 2013 | Current income tax expense (benefit): | | | | | | U.S. federal | $ | — |
| | $ | — |
| | $ | 125 |
| State and local | 25 |
| | 10 |
| | 50 |
| Foreign | (3,278 | ) | | 3,684 |
| | 2,107 |
| | (3,253 | ) | | 3,694 |
| | 2,282 |
| Deferred income tax expense (benefit): | | | | | | U.S. federal | $ | (1,438 | ) | | $ | (8,115 | ) | | $ | 4,168 |
| State and local | (524 | ) | | (555 | ) | | (185 | ) | Foreign | 492 |
| | 544 |
| | (145 | ) | | (1,470 | ) | | (8,126 | ) | | 3,838 |
| Income tax expense (benefit) | $ | (4,723 | ) | | $ | (4,432 | ) | | $ | 6,120 |
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| Schedule of Effective Income Tax Rate Reconciliation |
A reconciliation of tax at the U.S. statutory rate to total income tax expense (benefit) is as follows (in thousands): | | | | | | | | | | | | | | Years Ended December 31, | | 2015 | | 2014 | | 2013 | Tax at U.S. federal statutory tax rate of 35% | $ | (31,975 | ) | | $ | (5,132 | ) | | $ | 5,595 |
| State taxes, net of federal benefit | (1,275 | ) | | (316 | ) | | 258 |
| Tax credits | 3,714 |
| | (2,800 | ) | | (1,755 | ) | Change in tax contingency items | (4,521 | ) | | 42 |
| | 72 |
| Foreign withholding taxes | 1,530 |
| | 1,722 |
| | 1,442 |
| Nondeductible expenses | 837 |
| | 800 |
| | 537 |
| Deemed dividends and unremitted earnings | (140 | ) | | 789 |
| | — |
| Valuation allowance | 28,102 |
| | 691 |
| | 2,067 |
| Foreign tax rate differences - current year earnings | (93 | ) | | (327 | ) | | (485 | ) | Release of penalties related to uncertain tax positions | (788 | ) | | 269 |
| | 268 |
| Foreign tax attribute adjustment | — |
| | — |
| | (1,450 | ) | Other, net | (114 | ) | | (170 | ) | | (429 | ) | Income tax expense (benefit) | $ | (4,723 | ) | | $ | (4,432 | ) | | $ | 6,120 |
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| Schedule of Deferred Tax Assets and Liabilities |
Significant components of the Company’s deferred tax assets and liabilities and balance sheet classifications are as follows (in thousands): | | | | | | | | | | As of December 31, | | 2015 | | 2014 | Deferred tax assets: | | | | Net operating loss carryforwards | $ | 19,832 |
| | $ | 17,862 |
| Goodwill and identified intangibles | 13,454 |
| | 857 |
| Foreign tax credits | 8,717 |
| | 11,793 |
| Deferred revenue from sale leaseback | 3,527 |
| | 4,169 |
| Aircraft support parts reserve | 1,899 |
| | 2,057 |
| Allowance for doubtful accounts | 1,822 |
| | 91 |
| Accrued liabilities and other reserves | 1,412 |
| | 2,136 |
| Research and other credits | 913 |
| | 763 |
| Accrued benefits | 482 |
| | 699 |
| Investment impairment | 59 |
| | — |
| Total deferred tax assets | 52,117 |
| | 40,427 |
| Valuation allowance | (30,631 | ) | | (2,758 | ) | Net deferred tax assets | 21,486 |
| | 37,669 |
| Deferred tax liabilities: | | | | Tax-over-book depreciation and amortization | (21,612 | ) | | (40,464 | ) | Prepaid expenses and deferred costs | (615 | ) | | (562 | ) | Total deferred tax liabilities | (22,227 | ) | | (41,026 | ) | Deferred tax liability, net | $ | (741 | ) | | $ | (3,357 | ) | Classification of net deferred taxes: | | | | Noncurrent deferred tax asset (1) | $ | 229 |
| | $ | 304 |
| Noncurrent deferred tax liability (2) | (970 | ) | | (3,661 | ) | | $ | (741 | ) | | $ | (3,357 | ) |
| | (1) | Included in other assets on the consolidated balance sheets. |
| | (2) | Included in other liabilities on the consolidated balance sheets. |
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| Summary of Tax Credit Carryforwards |
As of December 31, 2015, the Company’s net operating loss and tax credit carryforwards are as follows (dollars in thousands): | | | | | | | | Amount | | Expiration | Federal: | | | | Net operating loss carryforwards | $ | 45,277 |
| | 2031 - 2035 | Foreign tax credits | 7,985 |
| | 2018 - 2025 | Research and experimentation credits | 759 |
| | 2029 -2035 | State: | | | | Net operating loss carryforwards | 15,026 |
| | 2016 - 2035 | Tax credits | 211 |
| | 2016 - 2020 |
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| Summary of Operating Loss Carryforwards |
As of December 31, 2015, the Company’s net operating loss and tax credit carryforwards are as follows (dollars in thousands): | | | | | | | | Amount | | Expiration | Federal: | | | | Net operating loss carryforwards | $ | 45,277 |
| | 2031 - 2035 | Foreign tax credits | 7,985 |
| | 2018 - 2025 | Research and experimentation credits | 759 |
| | 2029 -2035 | State: | | | | Net operating loss carryforwards | 15,026 |
| | 2016 - 2035 | Tax credits | 211 |
| | 2016 - 2020 |
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| Schedule of Unrecognized Tax Benefits Roll Forward |
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): | | | | | | | | | | | | | | Years Ended December 31, | | 2015 | | 2014 | | 2013 | Unrecognized tax benefits beginning of year | $ | 6,338 |
| | $ | 5,740 |
| | $ | 5,964 |
| Gross increases - tax positions in prior periods | 261 |
| | 99 |
| | 71 |
| Gross decreases - tax positions in prior periods | (4,816 | ) | | — |
| | (295 | ) | Gross increases - current period | 212 |
| | 507 |
| | — |
| Currency adjustments | (1,008 | ) | | (8 | ) | | — |
| Unrecognized tax benefits end of year | $ | 987 |
| | $ | 6,338 |
| | $ | 5,740 |
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