XML 120 R105.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Current:      
U.S. federal $ 40,234 $ 22,001 $ 12,079
Foreign  42,487 61,976 29,968
State and local 5,894 4,506 2,647
Total current 88,615 88,483 44,694
Deferred:      
U.S. federal (50,038) (1,644) 6,567
Foreign 25,356 (12,243) (4,585)
State and local (3,902) 897 (126)
Total deferred (28,584) (12,990) 1,856
Total provision 60,031 75,493 46,550
Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Statutory federal income tax at 21% 39,200 67,700 32,900
Foreign impact, net (1,300) 4,500 (5,900)
Impact of U.S. Tax Reform Act 0 0 (5,700)
Change in valuation allowances 26,900 300 15,700
State and local income taxes, net 2,000 5,400 3,700
Research and development credit (5,200) (5,400) 0
Other, net $ (1,600) $ 3,000 $ 5,900
Effective tax rate 32.10% 23.40% 29.80%
Unrecorded foreign undistributed earnings taxes $ 19,100    
Deferred tax assets related to:      
Retirement benefits 29,754 $ 25,214  
Net operating loss carryforwards 109,020 101,193  
Compensation accruals 20,290 24,685  
Inventories 36,402 34,846  
Credit and capital loss carryforwards 136,956 131,744  
Warranty and accrued liabilities 27,483 18,741  
Bad debt reserve 17,455 30,884  
Operating lease liability 25,446 27,799  
Other 38,457 25,339  
Total deferred tax assets 441,263 420,445  
Valuation allowances (287,787) (266,414)  
Net deferred tax assets 153,476 154,031  
Deferred tax liabilities related to:      
Property, plant and equipment (11,714) (26,311)  
Goodwill and intangibles (101,818) (114,122)  
Foreign undistributed earnings (50,332) (67,930)  
Operating lease right-of-use-assets (25,799) (27,799)  
Other (17,621) (12,623)  
Total deferred tax liabilities (207,284) (248,785)  
Deferred tax liabilities, net (53,808) (94,754)  
Operating loss carryforward 481,700    
Net operating loss carryforwards and other deferred tax assets 154,100    
Earnings before income taxes comprised:      
U.S.  73,109 110,500 $ 68,838
Foreign 113,703 211,933 87,600
Total 186,812 322,433 156,438
Reconciliation of the total gross amount of unrecognized tax benefits, excluding interest and penalities:      
Balance — 40,600 41,200 51,500
Gross amount of increase (decrease) in unrecognized tax benefits resulting from tax positions taken:      
During a prior year     (6,600)
During a prior year 3,800 8,800  
During the current period 11,100 6,300 4,000
Decreases in unrecognized tax benefits relating to:      
Settlements with taxing authorities (200) (11,400) (2,700)
Lapse of the applicable statute of limitations (2,500) (3,200) (3,700)
Increase (decrease) in unrecognized tax benefits relating to foreign currency translation adjustments 2,000    
Increase (decrease) in unrecognized tax benefits relating to foreign currency translation adjustments   (1,100) (1,300)
Balance — 54,800 $ 40,600 $ 41,200
Gross unrecognized tax benefits 73,400    
Gross unrecognized tax benefits, accrued interest and penalties 18,600    
Unrecognized tax benefits, if recognized, would favorably impact effective tax rate 62,300    
Unrecognized tax benefits minimum amount of estimated reduction within the next twelve months 8,000    
State and Local Jurisdiction      
Deferred tax liabilities related to:      
Operating loss carryforward 33,100    
Foreign Tax Authority      
Deferred tax liabilities related to:      
Operating loss carryforward 97,800    
Tax credit carryforward 35,900    
Tax credit carryforward $ 35,900