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Income Taxes (Tables)

12 Months Ended

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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