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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Components of Income Tax Expense

		Years ended December 31,
		2014				2013				2012
		(In thousands)
Income (loss) from continuing operations before taxes:
United States operations		$	14,042			$	31,678			$	(22,533	)
Foreign operations			67,504				95,371				27,575
Income from continuing operations before taxes		$	81,546			$	127,049			$	5,042
Income tax expense (benefit):
Currently payable
United States federal		$	6,701			$	(4,493	)		$	(6,945	)
United States state and local			1,617				(26	)			(2,519	)
Foreign			16,592				21,377				14,020
			24,910				16,858				4,556
Deferred
United States federal			(9,662	)			3,575				(22,660	)
United States state and local			(746	)			1,593				(424	)
Foreign			(7,388	)			289				(19,666	)
			(17,796	)			5,457				(42,750	)
Income tax expense (benefit)		$	7,114			$	22,315			$	(38,194	)

Effective Income Tax Rate Reconciliation from Continuing Operations

		Years Ended December 31,
		2014				2013				2012
Effective income tax rate reconciliation from continuing operations:
United States federal statutory rate			35.0	%			35.0	%			35.0	%
State and local income taxes			0.8	%			1.5	%			(10.7	%)
Impact of change in deferred tax asset valuation allowance			4.7	%			(0.6	%)			(187.8	%)
Impact of change in tax contingencies			(7.1	%)			3.8	%			3.3	%
Impact of change in United States tax legislation			0.0	%			(3.3	%)			0.0	%
Foreign income tax rate differences			(17.6	%)			(12.1	%)			(278.1	%)
Federal and state impact of Cooper liability settlement			0.0	%			0.0	%			(416.5	%)
Domestic permanent differences & tax credits			(7.1	%)			(6.7	%)			97.3	%
			8.7	%			17.6	%			(757.5	%)

Components of Deferred Income Tax Balances

		December 31,
		2014				2013
		(In thousands)
Components of deferred income tax balances:
Deferred income tax liabilities:
Plant, equipment, and intangibles		$	(90,414	)		$	(97,229	)
Deferred income tax assets:
Postretirement, pensions, and stock compensation			34,656				27,592
Reserves and accruals			44,809				33,788
Net operating loss and tax credit carryforwards			217,902				88,307
Valuation allowances			(157,317	)			(10,165	)
			140,050				139,522
Net deferred income tax asset		$	49,636			$	42,293

Summary of Net Operating Loss Carryforwards

The following tables summarize our net operating loss carryforwards and tax credit carryforwards as of December 31, 2014 by jurisdiction:

		Net Operating Loss Carryforwards
		(In thousands)
France		$	272,351
United States - various states			188,178
Netherlands			73,828
Germany			59,761
Japan			27,410
Australia			15,901
Other			14,658
Total		$	652,087

Summary of Tax Credit Carryforwards

		Tax Credit Carryforwards
		(In thousands)
United States		$	35,261
Canada			21,758
Total		$	57,019

Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits

A reconciliation of the beginning and ending gross amount of unrecognized tax benefits is as follows:

		2014				2013
		(In thousands)
Balance at beginning of year		$	18,639			$	17,377
Additions based on tax positions related to the current year			663				1,932
Additions for tax positions of prior years			73				3,761
Reductions for tax positions of prior years - Settlement			(7,907	)			(2,490	)
Reduction for tax positions of prior years - Statute of limitations			(1,411	)			(1,941	)
Balance at end of year		$	10,057			$	18,639

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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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