XML 92 R34.htm IDEA: XBRL DOCUMENT
v2.4.1.9

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
INCOME TAXES |
Schedule of income before income taxes |
Years Ended December 31, |  | 2014 |  | 2013 |  | 2012 |
United States |  | $ | 31,681 |  | $ | 28,968 |  | $ | 58,250 |
International |  |  | 254,620 |  |  | 235,415 |  |  | 183,123 |
Total |  | $ | 286,301 |  | $ | 264,383 |  | $ | 241,373 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of provision (benefit) for income taxes |
Years Ended December 31, |  | 2014 |  | 2013 |  | 2012 |
Current: |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 14,023 |  | $ | 7,174 |  | $ | 17,027 |
State/Local |  |  | 42 |  |  | (631 | ) |  | 491 |
International |  |  | 99,585 |  |  | 79,070 |  |  | 70,450 |
|  | $ | 113,650 |  | $ | 85,613 |  | $ | 87,968 |
Deferred: |  |  |  |  |  |  |  |  |  |
U.S. Federal/State |  | $ | (10,130 | ) | $ | 9,575 |  | $ | 8,757 |
International |  |  | (8,843 | ) |  | (2,731 | ) |  | (17,772 | )
|  | $ | (18,973 | ) | $ | 6,844 |  | $ | (9,015 | )
Total |  | $ | 94,677 |  | $ | 92,457 |  | $ | 78,953 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of reconciliation of actual income tax provision and the tax provision computed by applying statutory federal income tax rate |
Years Ended December 31, |  | 2014 |  | 2013 |  | 2012 |
Income tax at statutory rate |  | $ | 100,205 |  | $ | 92,534 |  | $ | 84,481 |
State income taxes (benefits), net of federal benefit (tax) |  |  | 770 |  |  | (610 | ) |  | 717 |
Provision for distribution of current foreign earnings |  |  | 695 |  |  | 11,388 |  |  | 9,552 |
Rate differential on earnings of foreign operations |  |  | (5,478 | ) |  | (10,167 | ) |  | (14,865 | )
Other items, net |  |  | (1,515 | ) |  | (688 | ) |  | (932 | )
Actual income tax provision |  | $ | 94,677 |  | $ | 92,457 |  | $ | 78,953 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effective income tax rate |  |  | 33.1 | % |  | 35.0 | % |  | 32.7 | %
Components of significant deferred tax assets and liabilities |
|  | 2014 |  | 2013 |
Deferred Tax Assets: |  |  |  |  |  |  |
Pension liabilities |  | $ | 35,582 |  | $ | 21,106 |
Stock options |  |  | 15,672 |  |  | 10,785 |
Foreign tax credit carryforward |  |  | 10,348 |  |  | — |
Net operating loss carryforwards |  |  | 7,896 |  |  | 6,675 |
U.S. state tax credits |  |  | 7,641 |  |  | 6,192 |
Vacation |  |  | 5,892 |  |  | 6,109 |
Workers compensation |  |  | 4,526 |  |  | 4,180 |
Other |  |  | 9,584 |  |  | 15,709 |
Total gross deferred tax assets |  |  | 97,141 |  |  | 70,756 |
Less valuation allowance |  |  | (7,734 | ) |  | (4,840 | )
Net deferred tax assets |  |  | 89,407 |  |  | 65,916 |
Deferred Tax Liabilities: |  |  |  |  |  |  |
Depreciation, amortization and leases |  |  | 53,121 |  |  | 61,316 |
Acquisition related intangibles |  |  | 18,058 |  |  | 20,100 |
Total gross deferred tax liabilities |  |  | 71,179 |  |  | 81,416 |
Net deferred tax assets / (liabilities) |  | $ | 18,228 |  | $ | (15,500 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of reconciliation of the beginning and ending amount of income tax uncertainties |
|  |  | 2014 |  | 2013 |  | 2012 |
| Balance at January 1 |  | $ | 7,988 |  | $ | 8,464 |  | $ | 9,071 |
| Increases based on tax positions for the current year |  |  | 113 |  |  | 110 |  |  | 245 |
| Increases based on tax positions of prior years |  |  | 228 |  |  | 381 |  |  | 107 |
| Decreases based on tax positions of prior years |  |  | (1,073 | ) |  | (92 | ) |  | (257 | )
| Settlements |  |  | (407 | ) |  | (515 | ) |  | (21 | )
| Lapse of statute of limitations |  |  | (441 | ) |  | (360 | ) |  | (681 | )
| Balance at December 31 |  | $ | 6,408 |  | $ | 7,988 |  | $ | 8,464 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of major tax jurisdictions the Company files in, with the years still subject to income tax examinations |
| Major Tax Jurisdiction |  | Tax Years Subject to Examination
| United States — Federal |  | 2011 – 2014
| United States — State |  | 2009 – 2014
| France |  | 2012 – 2014
| Germany |  | 2011 – 2014
| Italy |  | 2010 – 2014
| China |  | 2012 – 2014

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (c),(d)(2)-(3) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration