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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense |
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Income from continuing operations before taxes: |  |  |  |  |
United States operations | $ | 74,850 |  |  | $ | 86,805 |  |  | $ | 97,900 |
Foreign operations | 153,092 |  |  | 198,951 |  |  | 219,493 |
Income from continuing operations before taxes | $ | 227,942 |  |  | $ | 285,756 |  |  | $ | 317,393 |
Income tax expense (benefit): |  |  |  |  |
Currently payable |  |  |  |  |
United States federal | $ | 29,589 |  |  | $ | 34,091 |  |  | $ | 34,310 |
United States state and local | 1,573 |  |  | 3,900 |  |  | 4,801 |
Foreign | 14,320 |  |  | 18,166 |  |  | 6,677 |
| 45,482 |  |  | 56,157 |  |  | 45,788 |
Deferred |  |  |  |  |
United States federal | (6,342) |  |  | (7,497) |  |  | (446) |
United States state and local | (1,041) |  |  | (623) |  |  | (50) |
Foreign | (8,571) |  |  | (4,837) |  |  | 4,353 |
| (15,954) |  |  | (12,957) |  |  | 3,857 |
Income tax expense | $ | 29,528 |  |  | $ | 43,200 |  |  | $ | 49,645 |
Schedule of Effective Income Tax Rate Reconciliation from Continuing Operations |
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Effective income tax rate reconciliation from continuing operations: |  |  |  |  |
United States federal statutory rate | 21.0% |  | 21.0% |  | 21.0%
State and local income taxes | (0.2)% |  | 0.8% |  | 1.2%
Impact of change in tax contingencies | 3.8% |  | 0.3% |  | 0.1%
Foreign income tax rate differences | (11.6)% |  | (10.5)% |  | (10.9)%
Impact of change in deferred tax asset valuation allowance | (0.5)% |  | 0.5% |  | (2.5)%
Domestic permanent differences and tax credits | (0.5)% |  | 2.9% |  | 6.3%
Impact of share-based compensation | 1.0% |  | 0.1% |  | 0.4%
| 13.0% |  | 15.1% |  | 15.6%
Schedule of Components of Deferred Income Tax Balances | The components of deferred income taxes were as follows:
| December 31,
| 2024 |  | 2023
| (In thousands)
Components of deferred income tax balances: |  |  |
Deferred income tax liabilities: |  |  |
Plant, equipment, and intangibles | $ | (136,386) |  |  | $ | (98,112) |
Right of use asset | (31,603) |  |  | (21,440) |
| (167,989) |  |  | (119,552) |
Deferred income tax assets: |  |  |
Net operating loss, capital loss, and tax credit carryforwards | 115,591 |  |  | 114,896 |
Reserves and accruals | 54,085 |  |  | 41,474 |
Lease liability | 32,351 |  |  | 22,073 |
Postretirement, pensions, and stock compensation | 13,045 |  |  | 17,052 |
Valuation allowances | (108,064) |  |  | (109,676) |
| 107,008 |  |  | 85,819 |
Net deferred income tax liability | $ | (60,981) |  |  | $ | (33,733) |
Schedule of Net Operating Loss Carryforwards | The following tables summarize our net operating loss carryforwards and tax credit carryforwards as of December 31, 2024 by jurisdiction:
| Net Operating Loss Carryforwards
| (In thousands)
United States - Federal and various states | $ | 39,265 |
Germany | 19,369 |
United Kingdom | 17,771 |
Other | 8,070 |
Australia | 7,501 |
Total | $ | 91,976 |
Schedule of Tax Credit Carryforwards |
| Tax Credit Carryforwards
| (In thousands)
United States | $ | 13,039 |
Belgium | 2,046 |
Total | $ | 15,085 |
Schedule of Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits | In 2024, we recognized a net $8.5 million increase to reserves for uncertain tax positions. A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
| 2024 |  | 2023
| (In thousands)
Balance at beginning of year | $ | 7,143 |  |  | $ | 6,180 |
Additions for tax positions of prior years | 9,354 |  |  | 605 |
Additions based on tax positions related to the current year | 524 |  |  | 358 |
Reduction for tax positions of prior years | (1,340) |  |  | — |
Balance at end of year | $ | 15,681 |  |  | $ | 7,143 |

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