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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Components Of Income Before Income Taxes |
(In thousands) | 2017 |  | 2016 |  | 2015
Components of income (loss) before income taxes* |  |  |  |  |
U.S. (loss) income | $ | (20,555 | ) |  | $ | 100,382 |  |  | $ | 71,547 |
Non-U.S. income | 50,330 |  |  | 51,529 |  |  | 39,479 |
Income before income taxes | 29,775 |  |  | 151,911 |  |  | 111,026 |
Provision for income taxes* |  |  |  |  |
Current |  |  |  |  |
Federal | $ | 22,272 |  |  | $ | 19,968 |  |  | $ | 21,253 |
State | 813 |  |  | 2,231 |  |  | 2,389 |
Non-U.S. | 11,054 |  |  | 21,188 |  |  | 22,979 |
Total current provision | 34,139 |  |  | 43,387 |  |  | 46,621 |
Deferred |  |  |  |  |
Federal | $ | (26,931 | ) |  | $ | 11,580 |  |  | $ | 3,813 |
State | (3,630 | ) |  | 1,977 |  |  | (213 | )
Non-U.S. | (759 | ) |  | 860 |  |  | (5,814 | )
Total deferred (benefit) provision | (31,320 | ) |  | 14,417 |  |  | (2,214 | )
Provision for income taxes | $ | 2,819 |  |  | $ | 57,804 |  |  | $ | 44,407 |
*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 for continuing operations to our effective tax rate:
| 2017 |  | 2016 |  | 2015
U.S. federal income tax rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
U.S. tax reform | 66.6 |  |  | — |  |  | — |
Employee shared-based payments | (28.0 | ) |  | — |  |  | — |
Taxes on non-U.S. income | (24.6 | ) |  | (2.5 | ) |  | (2.1 | )
Manufacturing deduction | (15.3 | ) |  | (1.3 | ) |  | (1.6 | )
(Benefit) taxes on non-U.S. income - European reorganization | (8.4 | ) |  | 4.3 |  |  | 6.9 |
State income taxes—U.S. | (6.2 | ) |  | 1.8 |  |  | 1.3 |
Research and development credit | (4.7 | ) |  | (0.6 | ) |  | (1.1 | )
Valuation allowances | (3.3 | ) |  | 1.5 |  |  | 1.7 |
Other | (1.6 | ) |  | (0.1 | ) |  | (0.1 | )
Effective income tax rate | 9.5 | % |  | 38.1 | % |  | 40.0 | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities:
| December 31,
(In thousands) | 2017 |  | 2016
Deferred tax assets |  |  |
Product liability | $ | 28,481 |  |  | $ | 1,303 |
Net operating losses and tax credit carryforwards | 10,013 |  |  | 16,218 |
Share-based compensation | 6,444 |  |  | 10,462 |
Employee benefits | 6,401 |  |  | 9,538 |
Accrued expenses and other reserves | 4,237 |  |  | 5,381 |
Capitalized research and development | 2,442 |  |  | 4,654 |
Reserve for doubtful accounts | 928 |  |  | 1,178 |
Inventory | 636 |  |  | 1,218 |
Other | 1,127 |  |  | 1,316 |
Total deferred tax assets | 60,709 |  |  | 51,268 |
Valuation allowances | (4,559 | ) |  | (5,303 | )
Net deferred tax assets | 56,150 |  |  | 45,965 |
Deferred tax liabilities |  |  |
Goodwill and intangibles | (30,368 | ) |  | (42,007 | )
Property, plant and equipment | (8,056 | ) |  | (11,394 | )
Other | (1,242 | ) |  | (3,368 | )
Total deferred tax liabilities | (39,666 | ) |  | (56,769 | )
Net deferred taxes | $ | 16,484 |  |  | $ | (10,804 | )
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, 2017 and 2016 is as follows:
(In thousands) | 2017 |  | 2016
Beginning balance | $ | 14,393 |  |  | $ | 13,070 |
Adjustments for tax positions related to the current year | 1,921 |  |  | 2,359 |
Adjustments for tax positions related to prior years | (766 | ) |  | (856 | )
Statute expiration | (493 | ) |  | (180 | )
Ending balance | $ | 15,055 |  |  | $ | 14,393 |

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