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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of income tax expense (benefit) | (9) INCOME TAXES (Continued) Income tax expense (benefit) consists of:
| 2016 |  | 2015 |  | 2014
Current: |  |  |  |  |
Federal | $ | 41,539 |  |  | $ | 23,130 |  |  | $ | 52,588 |
State | 5,467 |  |  | 4,431 |  |  | 5,059 |
Foreign | 19,123 |  |  | 15,077 |  |  | 32,443 |
| 66,129 |  |  | 42,638 |  |  | 90,090 |
Non-current: | (381 | ) |  | (69 | ) |  | (447 | )
Deferred: |  |  |  |  |
Federal | 8,504 |  |  | 3,382 |  |  | 447 |
State | 202 |  |  | (333 | ) |  | 1,376 |
Foreign | (32,391 | ) |  | 1,809 |  |  | 3,428 |
| (23,685 | ) |  | 4,858 |  |  | 5,251 |
| $ | 42,063 |  |  | $ | 47,427 |  |  | $ | 94,894 |
Schedule of reconciliation of statutory federal income tax rate and effective tax rate | The reconciliations of the statutory federal income tax rate and the effective tax rate follows:
| 2016 |  | 2015 |  | 2014
Statutory federal income tax rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal benefit | 1.7 |  |  | 3.1 |  |  | 1.8 |
Carryforwards, credits and changes in valuation allowances | 2.9 |  |  | (0.1 | ) |  | (0.4 | )
Foreign tax rate differences | (4.8 | ) |  | (5.7 | ) |  | (4.4 | )
Changes in unrecognized tax benefits | (0.2 | ) |  | (0.1 | ) |  | (0.2 | )
Domestic production activities deduction | (2.0 | ) |  | (3.8 | ) |  | (1.6 | )
Goodwill impairment | — |  |  | 11.3 |  |  | — |
UK tax rate reduction | 1.0 |  |  | 7.7 |  |  | — |
Reversal of contingent liability | (2.2 | ) |  | — |  |  | — |
UK defined benefit pension plan | (14.6 | ) |  | — |  |  | — |
Other | 2.3 |  |  | 3.6 |  |  | 3.2 |
| 19.1 | % |  | 51.0 | % |  | 33.4 | %
Schedule of tax effects of significant items comprising net deferred income tax liabilities | Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, and (b) operating loss and tax credit carryforwards. The tax effects of significant items comprising the Company’s net deferred income tax liabilities are as follows: (9) INCOME TAXES (Continued)
| 2016 |  | 2015
Deferred income tax assets: |  |  |
Accrued expenses and allowances | $ | 16,549 |  |  | $ | 18,320 |
Accrued insurance | 1,071 |  |  | 1,408 |
Tax credits and loss carryforwards | 104,439 |  |  | 130,743 |
Defined benefit pension liability | 80,425 |  |  | 32,278 |
Inventory allowances | 1,385 |  |  | 911 |
Accrued warranty | 9,436 |  |  | 12,818 |
Deferred compensation | 37,988 |  |  | 36,672 |
Gross deferred income tax assets | 251,293 |  |  | 233,150 |
Valuation allowance | (81,923 | ) |  | (90,837 | )
Net deferred income tax assets | 169,370 |  |  | 142,313 |
Deferred income tax liabilities: |  |  |
Work in progress | 2,161 |  |  | 3,087 |
Property, plant and equipment | 37,961 |  |  | 41,147 |
Intangible assets | 50,405 |  |  | 54,162 |
Other liabilities | 6,164 |  |  | 3,517 |
Total deferred income tax liabilities | 96,691 |  |  | 101,913 |
Net deferred income tax asset/(liability) | $ | 72,679 |  |  | $ | 40,400 |
Schedule of deferred income tax assets (liabilities) presented on the Consolidated Balance Sheets | Deferred income tax assets (liabilities) are presented as follows on the Consolidated Balance Sheets:
Balance Sheet Caption | 2016 |  | 2015
Other assets | $ | 108,482 |  |  | $ | 76,069 |
Deferred income taxes | (35,803 | ) |  | (35,669 | )
Net deferred income tax asset/(liability) | $ | 72,679 |  |  | $ | 40,400 |
Schedule of activity related to unrecognized tax benefits | The following summarizes the activity related to our unrecognized tax benefits in 2016 and 2015, in thousands:
| 2016 |  | 2015
Gross unrecognized tax benefits—beginning of year | $ | 3,876 |  |  | $ | 4,268 |
Gross decreases—tax positions in prior period | 99 |  |  | (173 | )
Gross increases—current‑period tax positions | 695 |  |  | 687 |
Settlements with taxing authorities | (105 | ) |  | (361 | )
Lapse of statute of limitations | (1,165 | ) |  | (545 | )
Gross unrecognized tax benefits—end of year | $ | 3,400 |  |  | $ | 3,876 |

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- 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=65882285&loc=d3e32639-109319 + Details
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- 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=65882285&loc=d3e32687-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
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