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Income taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Components of Provision for Income Taxes from Continuing Operations

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

	2016				2015				2014
	(Dollars in thousands)
Current:
Federal	$	2,344			$	(4,700	)		$	12,348
State	5,230				2,377				1,912
Foreign	28,842				53,151				30,748
Deferred:
Federal	(25,784		)		(37,504		)		(6,593		)
State	(1,194		)		(3,258		)		3,435
Foreign	(1,364		)		(2,228		)		(13,200		)
	$	8,074			$	7,838			$	28,650

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

The following table summarizes the United States and non-United States components of income from continuing operations before taxes:

	2016				2015				2014
	(Dollars in thousands)
United States	$	(29,988	)		$	(19,550	)		$	(23,875	)
Other	275,713				264,196				243,985
	$	245,725			$	244,646			$	220,110

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:

	2016			2015			2014
Federal statutory rate	35.0	%		35.0	%		35.0	%
Tax effect of international items	(27.5	)		(28.4	)		(22.6	)
State taxes, net of federal benefit	0.9			(0.7	)		2.1
Uncertain tax contingencies	(3.6	)		(1.9	)		(0.8	)
Contingent consideration reversals	(1.2	)		(0.7	)		(1.2	)
Other, net	(0.3	)		(0.1	)		0.5
	3.3	%		3.2	%		13.0	%

Deferred Tax Assets and Liabilities

The following table summarizes significant components of the Company’s deferred tax assets and liabilities at December 31, 2016 and 2015:

	2016				2015
	(Dollars in thousands)
Deferred tax assets:
Tax loss and credit carryforwards	$	136,046			$	123,328
Pension	46,563				57,610
Reserves and accruals	52,343				47,755
Other	17,704				34,568
Less: valuation allowances	(104,520		)		(103,475		)
Total deferred tax assets	148,136				159,786
Deferred tax liabilities:
Property, plant and equipment	32,209				33,824
Intangibles — stock acquisitions	321,707				361,132
Unremitted foreign earnings	63,419				78,019
Other	466				453
Total deferred tax liabilities	417,801				473,428
Net deferred tax liability	$	(269,665	)		$	(313,642	)

Uncertain Tax Positions for Liabilities Associated with Unrecognized Tax Benefits

Uncertain Tax Positions: The following table is a reconciliation of the beginning and ending balances for liabilities associated with unrecognized tax benefits for the twelve month periods ending December 31, 2016, 2015 and 2014:

	2016				2015				2014
	(Dollars in thousands)
Balance at January 1	$	34,381			$	51,084			$	55,771
Increase in unrecognized tax benefits related to prior years	—				2,077				—
Decrease in unrecognized tax benefits related to prior years	(13,083		)		(15,372		)		—
Unrecognized tax benefits related to the current year	705				647				910
Reductions in unrecognized tax benefits due to settlements	(2,121		)		—				(132		)
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations	(4,840		)		(2,337		)		(3,235		)
Increase (decrease) in unrecognized tax benefits due to foreign currency translation	12				(1,718		)		(2,230		)
Balance at December 31	$	15,054			$	34,381			$	51,084

Examinations by Major Tax Jurisdictions

The taxable years for which the applicable statute of limitations remains open by major tax jurisdictions are as follows:

	Beginning		Ending
United States	2010		2016
Canada	2005		2016
China	2011		2016
Czech Republic	2013		2016
France	2014		2016
Germany	2011		2016
India	2002		2016
Ireland	2012		2016
Italy	2011		2016
Malaysia	2012		2016
Singapore	2012		2016

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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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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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