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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

INCOME TAXES

Schedule of geographic distribution of pretax income from continuing operations

The geographic distribution of pretax income from continuing operations was as follows:

​

​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022			2021			2020
Domestic	​	$	5,969	​	$	24,541	​	$	17,526
Foreign	​		235,772	​		124,170	​		140,621
Income from continuing operations, before income taxes	​	$	241,741	​	$	148,711	​	$	158,147

​

Schedule of tax expense and the effective tax rate for income from continuing operations

The provision for income taxes from continuing operations is summarized as follows:

​

​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022			2021			2020
Current:		​			​			​
Federal	​	$	23,370	​	$	(2,468)	​	$	5,475
State	​		1,949	​		929	​		1,927
Foreign	​		20,267	​		14,217	​		16,216
Total current provision	​	​	45,586	​	​	12,678	​	​	23,618
​	​	​	​	​	​	​	​	​	​
Deferred:	​			​			​
Federal	​	​	(6,742)	​	​	762	​	​	(312)
State	​		(1,030)	​		(200)	​		1,270
Foreign	​		2,036	​		764	​		(1,580)
Total deferred provision (benefit)	​		(5,736)	​		1,326	​		(622)
Total provision for income taxes	​	$	39,850	​	$	14,004	​	$	22,996

​

Schedule of effective income tax rate reconciliation

​

​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022			2021			2020
Income taxes per federal statutory rate	​	$	50,766	​	$	31,229	​	$	33,211
State income taxes, net of federal deduction	​	​	510	​	​	534	​	​	2,793
U.S. tax on foreign operations	​	​	28,726	​	​	5,786	​	​	9,666
Foreign derived intangible income deduction	​	​	(6,259)	​	​	(3,927)	​	​	(4,070)
Tax effect of foreign operations	​	​	(28,432)	​	​	(11,520)	​	​	(20,527)
Uncertain tax positions	​	​	1,080	​	​	(6,899)	​	​	(3,215)
Audit settlements	​	​	34	​	​	7,764	​	​	—
Unremitted earnings	​	​	—	​	​	261	​	​	(567)
Tax credits	​	​	(5,857)	​	​	(6,149)	​	​	(2,292)
Change in valuation allowance	​	​	—	​	​	(73)	​	​	(1,175)
Withholding taxes	​	​	413	​	​	756	​	​	4,265
Executive compensation limitation	​	​	641	​	​	1,926	​	​	1,070
Other permanent items, net	​	​	(1,772)	​	​	(5,684)	​	​	3,837
Total provision for income taxes	​	$	39,850	​	$	14,004	​	$	22,996

​

Schedule of deferred tax assets and liabilities

Deferred tax assets and liabilities are recognized for the future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using enacted tax rates in effect for the year in which the differences are expected to be reversed. Significant deferred tax assets and liabilities consist of the following:

​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​		2022			2021
Deferred tax assets		​			​
Net operating loss and tax credit carryforwards	​	$	47,733	​	$	54,210
Interest expense limitation	​	​	7,282	​	​	7,344
Pension obligation	​		7,301	​		10,778
Employee bonuses and commissions	​		9,276	​		3,861
Depreciation and amortization	​		25,879	​		26,358
Operating lease liabilities	​	​	10,136	​	​	19,405
Other	​		17,102	​		20,288
Deferred tax assets	​		124,709	​		142,244
Less: Valuation allowance	​		(36,046)	​		(42,051)
Net deferred tax assets	​		88,663	​		100,193
​	​	​	​	​	​	​
Deferred tax liabilities	​		​	​
Depreciation and amortization	​		35,678	​		37,515
Unremitted earnings	​		4,115	​		4,435
Operating lease right-of-use assets	​	​	8,392	​	​	17,558
Other	​		1,801	​		3,364
Deferred tax liabilities	​		49,986	​		62,872
Net deferred tax assets	​	$	38,677	​	$	37,321

​

Summary of income tax contingencies

​

​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022			2021			2020
Balance at beginning of period	​	$	5,513	​	$	9,673	​	$	13,009
Additions based on tax positions taken during a prior period	​		245	​		963	​		219
Additions based on tax positions taken during a prior period - acquisitions	​		1,025	​		—	​		—
Additions based on tax positions taken during the current period	​		836	​		566	​		—
Reductions based on tax positions taken during a prior period	​		—	​		—	​		—
Reductions related to a lapse of applicable statute of limitations	​		(152)	​		(4,575)	​		(3,555)
Reductions related to a settlement with taxing authorities	​		—	​		(1,114)	​		—
Balance at end of period	​	$	7,467	​	$	5,513	​	$	9,673

​

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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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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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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