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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
| (in thousands)
Income (loss) before taxes: |  |  |  |  |
United States operations | $ | 97,900 |  |  | $ | 188,650 |  |  | $ | (102,300) |
Foreign operations | 219,493 |  |  | 38,130 |  |  | 193,116 |
Income before taxes | $ | 317,393 |  |  | $ | 226,780 |  |  | $ | 90,816 |
Income tax expense (benefit): |  |  |  |  |
Currently payable |  |  |  |  |
United States federal | $ | 34,310 |  |  | $ | 1,649 |  |  | $ | 3,488 |
United States state and local | 4,801 |  |  | 2,453 |  |  | 906 |
Foreign | 6,677 |  |  | 15,984 |  |  | 13,346 |
| 45,788 |  |  | 20,086 |  |  | 17,740 |
Deferred |  |  |  |  |
United States federal | (446) |  |  | 16,354 |  |  | 372 |
United States state and local | (50) |  |  | 5,988 |  |  | (1,923) |
Foreign | 4,353 |  |  | (14,489) |  |  | 3,909 |
| 3,857 |  |  | 7,853 |  |  | 2,358 |
Income tax expense | $ | 49,645 |  |  | $ | 27,939 |  |  | $ | 20,098 |
Schedule of Effective Income Tax Rate Reconciliation from Continuing Operations |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Effective income tax rate reconciliation from continuing operations: |  |  |  |  |
United States federal statutory rate | 21.0% |  | 21.0% |  | 21.0%
State and local income taxes | 1.2% |  | 3.4% |  | (0.7)%
Impact of change in tax contingencies | 0.1% |  | (0.7)% |  | 1.5%
Foreign income tax rate differences | (10.9)% |  | 0.7% |  | (27.9)%
Impact of change in deferred tax asset valuation allowance | (2.5)% |  | (19.1)% |  | 3.0%
Domestic permanent differences and tax credits | 6.3% |  | 6.0% |  | 25.5%
Impact of share-based compensation | 0.4% |  | 1.0% |  | 1.0%
Impact of CARES act | —% |  | —% |  | (1.3)%
| 15.6% |  | 12.3% |  | 22.1%
Schedule of Components of Deferred Income Tax Balances | The components of deferred income taxes were as follows:
| December 31,
| 2022 |  | 2021
| (In thousands)
Components of deferred income tax balances: |  |  |
Deferred income tax liabilities: |  |  |
Plant, equipment, and intangibles | $ | (94,189) |  |  | $ | (89,632) |
Right of use asset | (19,853) |  |  | (18,254) |
| (114,042) |  |  | (107,886) |
Deferred income tax assets: |  |  |
Postretirement, pensions, and stock compensation | 17,368 |  |  | 32,201 |
Reserves and accruals | 25,519 |  |  | 20,362 |
Net operating loss, capital loss, and tax credit carryforwards | 149,607 |  |  | 84,285 |
Lease liability | 19,938 |  |  | 18,255 |
Valuation allowances | (142,330) |  |  | (66,594) |
| 70,102 |  |  | 88,509 |
Net deferred income tax liability | $ | (43,940) |  |  | $ | (19,377) |
Summary of Net Operating Loss Carryforwards | The following tables summarize our net operating loss carryforwards and tax credit carryforwards as of December 31, 2022 by jurisdiction:
| Net Operating Loss Carryforwards
| (In thousands)
Australia | $ | 8,551 |
Germany | 19,824 |
Netherlands | 1,071 |
Other | 10,502 |
United Kingdom | 11,428 |
United States - Federal and various states | 49,955 |
Total | $ | 101,331 |
Summary of Tax Credit Carryforwards |
| Tax Credit Carryforwards
| (In thousands)
Belgium | $ | 1,227 |
United States | 5,072 |
Total | $ | 6,299 |
Schedule of Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
| 2022 |  | 2021
| (In thousands)
Balance at beginning of year | $ | 5,821 |  |  | $ | 8,573 |
Additions based on tax positions related to the current year | 359 |  |  | 422 |
Additions for tax positions of prior years | — |  |  | 168 |
Reductions for tax positions of prior years - Settlement | — |  |  | (3,264) |
Reduction for tax positions of prior years - Statute of limitations | — |  |  | (78) |
Balance at end of year | $ | 6,180 |  |  | $ | 5,821 |

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