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Income taxes (Tables)

12 Months Ended

Dec. 31, 2012

Components of Provision for Income Taxes from Continuing Operations

The following table summarizes the components of the provision for income taxes from continuing operations:

		2012				2011				2010
		(Dollars in thousands)
Current:
Federal		$	20,959			$	(2,604	)		$	(37,361	)
State			3,623				4,621				3,665
Foreign			30,476				48,600				51,674
Deferred:
Federal			(34,629	)			(20,584	)			(1,213	)
State			(720	)			(961	)			(2,568	)
Foreign			(3,296	)			(3,294	)			2,721
		$	16,413			$	25,778			$	16,918

Summaries of U.S. and Non-U.S. Components of Income from Continuing Operations Before Taxes

The following table summarizes the U.S. and non-U.S. components of income from continuing operations before taxes:

		2012				2011				2010
		(Dollars in thousands)
United States		$	(315,928	)		$	(10,952	)		$	(10,337	)
Other			150,559				156,052				114,927
		$	(165,369	)		$	145,100			$	104,590

Reconciliations between Statutory Federal Income Tax Rate and Effective Income Tax Rate

Reconciliations between the statutory federal income tax rate and the effective income tax rate are as follows:

		2012				2011				2010
Federal statutory rate			35.00	%			35.00	%			35.00	%
Goodwill Impairment			(60.84	)%			—				—
Tax effect of International items			11.88	%			(15.36	)%			(8.20	)%
State taxes, net of federal benefit			(0.90	)%			1.18	%			(0.48	)%
Uncertain tax contingencies			4.85	%			(2.66	)%			(3.33	)%
Other, net			0.08	%			(0.39	)%			(6.81	)%
			(9.93	)%			17.77	%			16.18	%

Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities at year end were as follows:

		2012				2011
		(Dollars in thousands)
Deferred tax assets:
Tax loss and credit carryforwards		$	87,537			$	70,452
Pension			63,737				74,775
Reserves and accruals			39,502				42,272
Other			21,275				25,808
Less: valuation allowances			(70,469	)			(66,305	)
Total deferred tax assets			141,582				147,002
Deferred tax liabilities:
Property, plant and equipment			24,440				24,877
Intangibles — stock acquisitions			325,244				317,271
Unremitted foreign earnings			151,780				166,764
Other			13,130				18,681
Total deferred tax liabilities			514,594				527,593
Net deferred tax liability		$	(373,012	)		$	(380,591	)

Uncertain Tax Positions for Liabilities Associated with Unrecognized Tax Benefits

Uncertain Tax Positions:    A reconciliation of the beginning and ending balances for liabilities associated with unrecognized tax benefits is as follows:

		2012				2011				2010
		(Dollars in thousands)
Balance at January 1		$	75,026			$	89,281			$	113,232
Increase in unrecognized tax benefits related to prior years			7,645				1,855				6,226
Decrease in unrecognized tax benefits related to prior years			(6,134	)			(6,415	)			(10,887	)
Unrecognized tax benefits related to the current year			4,256				4,246				1,956
Reductions in unrecognized tax benefits due to settlements			(8,816	)			(7,678	)			(2,011	)
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations			(3,503	)			(5,852	)			(16,209	)
Increase (decrease) in unrecognized tax benefits due to foreign currency translation			169				(411	)			(3,026	)
Balance at December 31		$	68,643			$	75,026			$	89,281

Examinations by Major Tax Jurisdictions

The taxable years that remain subject to examination by major tax jurisdictions are as follows:

		Beginning				Ending
United States			2007				2012
Canada			2005				2012
China			2007				2012
Czech Republic			2001				2012
France			2010				2012
Germany			2007				2012
Ireland			2008				2012
Italy			2008				2012
Malaysia			2007				2012
Singapore			2006				2012

X

- Definition

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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-SubTopic 10

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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 of 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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