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Income taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
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:
| 2017 |  | 2016 |  | 2015
| (Dollars in thousands)
Current: |  |  |  |  |
Federal | $ | 133,621 |  |  | $ | 2,344 |  |  | $ | (4,700 | )
State | 5,213 |  |  | 5,230 |  |  | 2,377 |
Foreign | 35,444 |  |  | 28,842 |  |  | 53,151 |
Deferred: |  |  |  |  |
Federal | (258,247 | ) |  | (25,141 | ) |  | (35,750 | )
State | 1,459 |  |  | (1,837 | ) |  | (5,012 | )
Foreign | 212,158 |  |  | (1,364 | ) |  | (2,228 | )
| $ | 129,648 |  |  | $ | 8,074 |  |  | $ | 7,838 |
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:
| 2017 |  | 2016 |  | 2015
| (Dollars in thousands)
United States | $ | 37,528 |  |  | $ | (29,988 | ) |  | $ | (19,550 | )
Other | 247,383 |  |  | 275,713 |  |  | 264,196 |
| $ | 284,911 |  |  | $ | 245,725 |  |  | $ | 244,646 |
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:
| 2017 |  | 2016 |  | 2015
Federal statutory rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Tax effect of international items | (25.7 | ) |  | (27.5 | ) |  | (28.4 | )
Impacts of U.S. tax reform | 37.9 |  |  | — |  |  | — |
Excess tax benefits related to share-based compensation | (2.3 | ) |  | — |  |  | — |
State taxes, net of federal benefit | 0.1 |  |  | 0.9 |  |  | (0.7 | )
Uncertain tax contingencies | (1.8 | ) |  | (3.6 | ) |  | (1.9 | )
Contingent consideration reversals | 0.4 |  |  | (1.2 | ) |  | (0.7 | )
Other, net | 1.9 |  |  | (0.3 | ) |  | (0.1 | )
| 45.5 | % |  | 3.3 | % |  | 3.2 | %
Deferred Tax Assets and Liabilities | The following table summarizes significant components of the Company’s deferred tax assets and liabilities at December 31, 2017 and 2016:
| 2017 |  | 2016
| (Dollars in thousands)
Deferred tax assets: |  |  |
Tax loss and credit carryforwards | $ | 210,055 |  |  | $ | 136,046 |
Pension | 28,147 |  |  | 46,563 |
Reserves and accruals | 62,378 |  |  | 52,343 |
Other | 3,619 |  |  | 17,704 |
Less: valuation allowances | (104,799 | ) |  | (104,520 | )
Total deferred tax assets | 199,400 |  |  | 148,136 |
Deferred tax liabilities: |  |  |
Property, plant and equipment | 22,299 |  |  | 32,209 |
Intangibles — stock acquisitions | 553,245 |  |  | 321,707 |
Unremitted foreign earnings | 223,494 |  |  | 63,419 |
Other | 228 |  |  | 466 |
Total deferred tax liabilities | 799,266 |  |  | 417,801 |
Net deferred tax liability | $ | (599,866 | ) |  | $ | (269,665 | )
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 ended December 31, 2017, 2016 and 2015:
| 2017 |  | 2016 |  | 2015
| (Dollars in thousands)
Balance at January 1 | $ | 15,054 |  |  | $ | 34,381 |  |  | $ | 51,084 |
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 | 895 |  |  | 705 |  |  | 647 |
Reductions in unrecognized tax benefits due to settlements | — |  |  | (2,121 | ) |  | — |
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations | (6,813 | ) |  | (4,840 | ) |  | (2,337 | )
Increase (decrease) in unrecognized tax benefits due to foreign currency translation | 200 |  |  | 12 |  |  | (1,718 | )
Balance at December 31 | $ | 9,336 |  |  | $ | 15,054 |  |  | $ | 34,381 |
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 | 2014 |  | 2017
Canada | 2005 |  | 2017
China | 2012 |  | 2017
Czech Republic | 2014 |  | 2017
France | 2015 |  | 2017
Germany | 2011 |  | 2017
India | 2002 |  | 2017
Ireland | 2013 |  | 2017
Italy | 2012 |  | 2017
Malaysia | 2013 |  | 2017
Singapore | 2013 |  | 2017

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320 + Details
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