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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Components Of Income Before Income Taxes |
(In thousands) | 2014 |  | 2013 |  | 2012
Components of income before income taxes* |  |  |  |  |
U.S. income | $ | 58,209 |  |  | $ | 48,621 |  |  | $ | 67,043 |
Non-U.S. income | 68,986 |  |  | 71,512 |  |  | 62,300 |
Income before income taxes | 127,195 |  |  | 120,133 |  |  | 129,343 |
Provision for income taxes* |  |  |  |  |
Current |  |  |  |  |
Federal | $ | 23,659 |  |  | $ | 18,656 |  |  | $ | 18,774 |
State | 1,349 |  |  | 1,492 |  |  | 2,556 |
Non-U.S. | 21,101 |  |  | 18,453 |  |  | 19,438 |
Total current provision | 46,109 |  |  | 38,601 |  |  | 40,768 |
Deferred |  |  |  |  |
Federal | (3,650 | ) |  | (3,582 | ) |  | (518 | )
State | 317 |  |  | (483 | ) |  | (125 | )
Non-U.S. | (1,732 | ) |  | 609 |  |  | 1,276 |
Total deferred provision | (5,065 | ) |  | (3,456 | ) |  | 633 |
Provision for income taxes | 41,044 |  |  | 35,145 |  |  | 41,401 |
*The components of income before income taxes and the provision for income taxes relate to continuing operations.
Reconciliation Of U.S. Federal Income Tax Rates To Effective Tax Rate | Reconciliation of the U.S. federal income tax rates to our effective tax rate:
| 2014 |  | 2013 |  | 2012
U.S. federal income tax rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes—U.S. | 0.8 |  |  | 0.6 |  |  | 1.2 |
Taxes on non-U.S. income | (2.2 | ) |  | (4.5 | ) |  | (1.0 | )
Research and development credit | (0.7 | ) |  | (1.5 | ) |  | — |
Manufacturing deduction credit | (1.0 | ) |  | (1.1 | ) |  | (2.0 | )
Valuation allowances | (0.6 | ) |  | 0.5 |  |  | (0.2 | )
Other | 1.0 |  |  | 0.3 |  |  | (1.0 | )
Effective income tax rate | 32.3 | % |  | 29.3 | % |  | 32.0 | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities:
| December 31,
(In thousands) | 2014 |  | 2013
Deferred tax assets |  |  |
Book expenses capitalized for tax | $ | 6,336 |  |  | $ | 7,204 |
Post-retirement benefits | 23,335 |  |  | 18,027 |
Inventory reserves | 3,147 |  |  | 5,550 |
Vacation allowances | 932 |  |  | 1,036 |
Net operating losses and tax credit carryforwards | 7,479 |  |  | 6,711 |
Post employment benefits | 2,382 |  |  | 757 |
Foreign tax credit carryforwards | 11,231 |  |  | 2,227 |
Stock options | 10,157 |  |  | 10,185 |
Liability insurance | 3,918 |  |  | 3,686 |
Basis of capital assets | 1,009 |  |  | 891 |
Warranties | 3,210 |  |  | 3,049 |
Reserve for doubtful accounts | 1,948 |  |  | 1,569 |
Accrued payroll | 4,319 |  |  | 2,475 |
Other | 5,801 |  |  | 6,838 |
Total deferred tax assets | 85,204 |  |  | 70,205 |
Valuation allowances | (3,763 | ) |  | (4,938 | )
Net deferred tax assets | 81,441 |  |  | 65,267 |
Deferred tax liabilities |  |  |
Property, plant and equipment | (9,269 | ) |  | (8,935 | )
Pension | (22,195 | ) |  | (40,833 | )
Intangibles | (30,180 | ) |  | (25,212 | )
Other | (2,045 | ) |  | (2,455 | )
Total deferred tax liabilities | (63,689 | ) |  | (77,435 | )
Net deferred taxes | 17,752 |  |  | (12,168 | )
Schedule Of Reconciliation Of Change In Tax Liability For Unrecognized Tax Benefits | A reconciliation of the change in the tax liability for unrecognized tax benefits for the years ended December 31, 2014 and 2013 is as follows:
(In thousands) | 2014 |  | 2013
Beginning balance | $ | 5,888 |  |  | $ | 9,520 |
Adjustments for tax positions related to the current year | 4,072 |  |  | (3,628 | )
Adjustments for tax positions related to prior years | 3 |  |  | 97 |
Statute expiration | (106 | ) |  | (101 | )
Ending balance | 9,857 |  |  | 5,888 |

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