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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax Expense

Our income before income tax expense, as well as our provision for income taxes is shown in the table below.

						Years Ended December 31,
(in thousands)						2020						2019						2018
Income before income tax expense
Domestic						$	203,327					$	183,907					$	157,459
Foreign						127,960						147,683						132,826
						$	331,287					$	331,590					$	290,285
Income tax expense
Current income taxes
Federal						$	14,861					$	29,955					$	9,153
State						6,106						9,551						4,679
Foreign						32,198						30,414						27,192
						53,165						69,920						41,024
Deferred income taxes
Federal						4,498						1,671						16,545
State						1,090						630						2,888
Foreign						1,966						5,083						(4,906)
						7,554						7,384						14,527
Total income tax expense						$	60,719					$	77,304					$	55,551

Schedule of Provision for Income Taxes

Our income before income tax expense, as well as our provision for income taxes is shown in the table below.

						Years Ended December 31,
(in thousands)						2020						2019						2018
Income before income tax expense
Domestic						$	203,327					$	183,907					$	157,459
Foreign						127,960						147,683						132,826
						$	331,287					$	331,590					$	290,285
Income tax expense
Current income taxes
Federal						$	14,861					$	29,955					$	9,153
State						6,106						9,551						4,679
Foreign						32,198						30,414						27,192
						53,165						69,920						41,024
Deferred income taxes
Federal						4,498						1,671						16,545
State						1,090						630						2,888
Foreign						1,966						5,083						(4,906)
						7,554						7,384						14,527
Total income tax expense						$	60,719					$	77,304					$	55,551

Reconciliation Of U.S. Federal Statutory Rate To Effective Income Tax Rate

The reconciliation of the U.S. federal statutory rate to the effective income tax rate follows.

						% of Income Before Income Tax Expense
						2020						2019						2018
Federal statutory rate						21.0		%				21.0		%				21.0		%
State taxes, net of federal tax						1.7						2.4						2.1
Foreign operations						0.7						1.7						(0.9)
Research tax credit						(1.7)						(1.7)						(1.5)
Foreign-derived intangible tax benefit						(0.4)						(2.1)						(2.4)
U.S. minimum tax on foreign income						0.5						1.0						1.5
Uncertain tax positions						(1.7)						0.8						0.7
Taxes applicable to prior years						(1.4)						(0.3)						(0.7)
Change in U.S. tax rate						0.0						0.0						(2.0)
Other items and adjustments						(0.4)						0.5						1.3
Effective income tax rate						18.3		%				23.3		%				19.1		%

Schedule of Deferred Income Tax Assets and Liabilities

Our deferred income tax assets and liabilities follow.

						December 31,
(in thousands)						2020						2019
Deferred income tax assets
Operating loss and credit carryforwards						$	14,965					$	13,375
Trademark expenses						3,678						3,892
Foreign currency translation adjustments						3,728						4,772
Other						6,238						7,015
Gross deferred income tax assets						28,609						29,054
Valuation allowance						(12,548)						(13,152)
Total deferred income tax assets						16,061						15,902
Deferred income tax liabilities
Depreciation and amortization						59,847						56,618
Future employee benefits						1,670						4,064
Other						6,593						6,089
Total deferred income tax liabilities						68,110						66,771
Net deferred income tax (liabilities) assets						$	(52,049)					$	(50,869)

Schedule of Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the unrecognized tax benefits from uncertain positions is as follows:

						December 31,
(in thousands)						2020						2019						2018
Balance at beginning of year						$	13,543					$	10,660					$	9,102
Increases for tax positions of prior years						363						3,176						2,123
Increases for tax positions of the current year						824						703						614
Settlements						0						(440)						(252)
Lapses of statutes						(7,825)						(556)						(927)
Balance at end of year						$	6,905					$	13,543					$	10,660

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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