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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Components Of Income Before Income Taxes |
(In thousands) | 2018 |  | 2017 |  | 2016
Components of income (loss) before income taxes* |  |  |  |  |
U.S. income (loss) | $ | 85,234 |  |  | $ | (20,555 | ) |  | $ | 100,382 |
Non-U.S. income | 77,101 |  |  | 50,330 |  |  | 51,529 |
Income before income taxes | 162,335 |  |  | 29,775 |  |  | 151,911 |
Provision for income taxes* |  |  |  |  |
Current |  |  |  |  |
Federal | $ | 13,574 |  |  | $ | 22,272 |  |  | $ | 19,968 |
State | 4,265 |  |  | 813 |  |  | 2,231 |
Non-U.S. | 23,446 |  |  | 11,054 |  |  | 21,188 |
Total current provision | 41,285 |  |  | 34,139 |  |  | 43,387 |
Deferred |  |  |  |  |
Federal | $ | 291 |  |  | $ | (26,931 | ) |  | $ | 11,580 |
State | (1,604 | ) |  | (3,630 | ) |  | 1,977 |
Non-U.S. | (2,752 | ) |  | (759 | ) |  | 860 |
Total deferred (benefit) provision | (4,065 | ) |  | (31,320 | ) |  | 14,417 |
Provision for income taxes | $ | 37,220 |  |  | $ | 2,819 |  |  | $ | 57,804 |
*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:
| 2018 |  | 2017 |  | 2016
U.S. federal income tax rate | 21.0 | % |  | 35.0 | % |  | 35.0 | %
U.S. tax reform | 1.6 | % |  | 66.6 | % |  | — | %
State income taxes—U.S. | 1.3 | % |  | (6.2 | )% |  | 1.8 | %
Taxes on non-U.S. income - U.S., Canadian & European reorganization | 1.1 | % |  | (8.4 | )% |  | 4.3 | %
Valuation allowances | 0.5 | % |  | (3.3 | )% |  | 1.5 | %
Taxes on non-U.S. income | 0.4 | % |  | (24.6 | )% |  | (2.5 | )%
Employee share-based payments | (1.6 | )% |  | (28.0 | )% |  | — | %
Manufacturing deduction credit | (1.0 | )% |  | (15.3 | )% |  | (1.3 | )%
Research and development credit | (0.9 | )% |  | (4.7 | )% |  | (0.6 | )%
Other | 0.5 | % |  | (1.6 | )% |  | (0.1 | )%
Effective income tax rate | 22.9 | % |  | 9.5 | % |  | 38.1 | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities:
| December 31,
(In thousands) | 2018 |  | 2017
Deferred tax assets |  |  |
Product liability | $ | 31,169 |  |  | $ | 28,481 |
Capitalized research and development | 10,938 |  |  | 2,442 |
Employee benefits | 9,641 |  |  | 6,401 |
Net operating losses and tax credit carryforwards | 7,845 |  |  | 10,013 |
Share-based compensation | 5,561 |  |  | 6,444 |
Accrued expenses and other reserves | 4,385 |  |  | 4,237 |
Other | 4,056 |  |  | 2,691 |
Total deferred tax assets | 73,595 |  |  | 60,709 |
Valuation allowances | (5,039 | ) |  | (4,559 | )
Net deferred tax assets | 68,556 |  |  | 56,150 |
Deferred tax liabilities |  |  |
Goodwill and intangibles | (31,290 | ) |  | (30,368 | )
Property, plant and equipment | (9,555 | ) |  | (8,056 | )
Other | (2,353 | ) |  | (1,242 | )
Total deferred tax liabilities | (43,198 | ) |  | (39,666 | )
Net deferred taxes | $ | 25,358 |  |  | $ | 16,484 |
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, 2018 and 2017 is as follows:
(In thousands) | 2018 |  | 2017
Beginning balance | $ | 15,055 |  |  | $ | 14,393 |
Adjustments for tax positions related to the current year | 1,869 |  |  | 1,921 |
Adjustments for tax positions related to prior years | (32 | ) |  | (766 | )
Statute expiration | (737 | ) |  | (493 | )
Ending balance | $ | 16,155 |  |  | $ | 15,055 |

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