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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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