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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax, Domestic and Foreign

Geographic sources of income (loss) before taxes are as follows:

			For the Year Ended December 31,
			2024						2023						2022
			(In thousands)
United States			$	81,289					$	94,643					$	81,488
Foreign			349,727						349,198						775,444
Income before taxes			$	431,016					$	443,841					$	856,932

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision (benefit) for income taxes are as follows:

			For the Year Ended December 31,
			2024						2023						2022
			(In thousands)
Current:
Federal			$	7,898					$	19,831					$	40,063
State			34						7						150
Foreign			68,333						48,478						61,300
			76,265						68,316						101,513
Deferred:
Federal			153						8,899						(10,156)
State			(501)						1						1,458
Foreign			(436)						4,494						(2,925)
			(784)						13,394						(11,623)
Income tax expense			$	75,481					$	81,710					$	89,890

Schedule of Reconciliation of Effective Tax Rate

The reconciliation between the U.S. federal statutory income tax rate of 21% and our effective tax rate is as follows:

			For the Year Ended December 31,
			2024						2023						2022
U.S. federal statutory income tax rate			21.0		%				21.0		%				21.0		%
Foreign income taxed at different rates			(2.1)						(4.2)						(12.0)
Foreign exchange (loss) gain			1.4						0.5						2.2
Change in valuation allowance			(1.8)						2.9						(2.4)
Income tax credits generated			(6.8)						(7.5)						(6.1)
Foreign earnings and profits			3.5						7.0						9.0
Foreign derived intangible income			(1.8)						(1.6)						(0.9)
Settlements and changes in uncertain tax positions			3.8						(0.5)						(0.2)
Other			0.3						0.8						(0.1)
Income tax expense			17.5		%				18.4		%				10.5		%

Schedule of Components of Deferred Tax Assets and Liabilities

The following is a summary of the components of our deferred tax assets and liabilities:

			December 31,
			2024						2023
			(In thousands)
Deferred tax assets:
Net operating loss carryforwards			$	21,420					$	33,679
Tax credit carryforwards			69,373						88,147
Property, plant and equipment			18,512						21,387
Deferred interest expense			446						476
Accrued liabilities			37,968						37,832
Receivable			27,284						30,086
Unrealized foreign exchange loss			23,769						7,205
Operating lease liabilities			14,825						16,053
Other			14,203						15,219
Total deferred tax assets			227,800						250,084
Valuation allowance			(107,113)						(114,811)
Total deferred tax assets net of valuation allowance			120,687						135,273
Deferred tax liabilities:
Property, plant and equipment			27,442						34,206
Deferred gain			3,341						5,739
Unrealized foreign exchange gain			6,674						3,129
Unbilled receivables			6,508						8,995
Operating lease right of use assets			14,240						16,031
Other			6,560						5,533
Total deferred tax liabilities			64,765						73,633
Net deferred tax assets			$	55,922					$	61,640
Recognized as:
Other assets			$	72,488					$	73,585
Other non-current liabilities			(16,566)						(11,945)
Total			$	55,922					$	61,640

Schedule of Valuation Allowance

Valuation allowance against deferred tax assets consist of the following:

			December 31,
			2024						2023
			(In thousands)
Valuation allowance:
U.S.			$	44,853					$	44,426
Foreign			62,260						70,385
Total valuation allowance			$	107,113					$	114,811

Schedule of Net Operating Loss Carryforwards

Our net operating loss carryforwards are as follows:

			December 31,
			2024						2023						Expiration
			(In thousands)
U.S. federal net operating loss carryforwards			$	—					$	5,611					2024
U.S. state net operating loss carryforwards			27,334						32,612						2025-2036
Foreign net operating loss carryforwards			207,203						196,636						2025-2031

Schedule of Tax Credit Carryforwards

Our tax credit carryforwards are as follows:

			December 31,
			2024						2023						Expiration
			(In thousands)
U.S. Foreign Tax Credits			$	49,639					$	51,512					2027-2034
U.S. Other Tax Credits			3,817						2,559						2026-2034
Foreign Tax Credits			19,543						34,546						2025-2034

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending gross amount of unrecognized tax benefits is as follows:

			For the Year Ended December 31,
			2024						2023						2022
			(In thousands)
Balance at January 1			$	31,537					$	33,253					$	37,293
Additions based on tax positions related to the current year			7,260						—						1,519
Additions for tax positions of prior years			3,761						495						1,909
Reductions for tax positions of prior years			(4,992)						(345)						(5,755)
Reductions related to settlements with tax authorities			(789)						—						(988)
Reductions from lapse of statutes of limitations			(461)						(1,866)						(725)
Balance at December 31			$	36,316					$	31,537					$	33,253

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