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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Taxes [Abstract] |
Provision for income taxes | The provision for income taxes for continuing operations was as follows:
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Currently payable: |  |  |  |  |  |  |  |  |
Federal |  | $ | 20,794 |  |  | $ | 18,642 |  |  | $ | 21,252 |
State |  |  | 2,936 |  |  |  | 2,264 |  |  |  | 3,065 |
Foreign |  |  | 23,873 |  |  |  | 25,435 |  |  |  | 25,175 |
|  |  | 47,603 |  |  |  | 46,341 |  |  |  | 49,492 |
Deferred (benefit) expense: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 5,779 |  |  |  | 1,532 |  |  |  | (5,125 | )
State |  |  | (772 | ) |  |  | (935 | ) |  |  | 502 |
Foreign |  |  | (10,461 | ) |  |  | (14,111 | ) |  |  | (1,534 | )
|  |  | (5,454 | ) |  |  | (13,514 | ) |  |  | (6,157 | )
Income taxes |  | $ | 42,149 |  |  | $ | 32,827 |  |  | $ | 43,335 |
Tax effects of temporary differences - Deferred tax assets and liabilities | The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities consisted of the following:
(in thousands) |  | 2015 |  |  | 2014 |
Deferred tax assets: |  |  |  |  |  |
Benefit plans |  | $ | 12,901 |  |  | $ | 15,507 |
Liabilities and reserves |  |  | 18,986 |  |  |  | 19,384 |
Operating loss and credit carryovers |  |  | 59,013 |  |  |  | 57,128 |
Other |  |  | 3,226 |  |  |  | 6,872 |
Gross deferred tax assets |  |  | 94,126 |  |  |  | 98,891 |
Valuation allowance |  |  | (36,008 | ) |  |  | (43,055 | )
Deferred tax assets |  |  | 58,118 |  |  |  | 55,836 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | (1,850 | ) |  |  | (1,619 | )
Other assets |  |  | (907 | ) |  |  | (1,462 | )
Goodwill |  |  | (27,824 | ) |  |  | (28,583 | )
Other |  |  | (8,000 | ) |  |  | (1,426 | )
Deferred tax liabilities |  |  | (38,581 | ) |  |  | (33,090 | )
Net deferred tax assets |  | $ | 19,537 |  |  | $ | 22,746 |
Effective income tax rate reconciliation | The effective tax rate for continuing operations differed from the statutory federal income tax rate of 35% as described below:
|  | 2015 |  |  | 2014 |  |  | 2013 |
Taxes at statutory rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State income taxes, net of federal income tax benefit |  |  | 1.7 |  |  |  | 1.9 |  |  |  | 1.1 |
Tax credits |  |  | (0.7 | ) |  |  | (0.4 | ) |  |  | (0.3 | )
Taxes on foreign earnings |  |  | (0.8 | ) |  |  | (4.7 | ) |  |  | (5.3 | )
Resolution of prior years’ tax matters |  |  | (0.3 | ) |  |  | (0.6 | ) |  |  | (0.7 | )
U.S. manufacturing deduction |  |  | (1.9 | ) |  |  | (2.0 | ) |  |  | (1.6 | )
Valuation allowance adjustments |  |  | (5.0 | ) |  |  | 0.2 |  |  |  | (0.8 | )
Other, net |  |  | 0.2 |  |  |  | (0.8 | ) |  |  | 0.1 |
Effective tax rate |  |  | 28.2 | % |  |  | 28.6 | % |  |  | 27.5 | %
Earnings before income taxes | Earnings from continuing operations before income taxes were as follows:
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
United States |  | $ | 87,749 |  |  | $ | 56,211 |  |  | $ | 55,461 |
Foreign |  |  | 61,647 |  |  |  | 58,387 |  |  |  | 102,172 |
Total |  | $ | 149,396 |  |  | $ | 114,598 |  |  | $ | 157,633 |
Reconciliation of the change in liability for unrecognized tax benefits | A reconciliation of the change in the liability for unrecognized tax benefits for 2015 and 2014 is as follows:
(in thousands) |  | 2015 |  |  | 2014 |
Balance at beginning of year |  | $ | 13,940 |  |  | $ | 5,295 |
Increases for tax positions taken in the current year |  |  | 1,322 |  |  |  | 718 |
Increases for tax positions taken in prior years |  |  | 1,061 |  |  |  | 10,238 |
Decreases related to settlements with tax authorities |  |  | (10,610 | ) |  |  | (1,044 | )
Decreases as a result of lapse of the applicable statutes of limitations |  |  | (278 | ) |  |  | (751 | )
Foreign currency exchange rate changes |  |  | (472 | ) |  |  | (516 | )
Balance at the end of year |  | $ | 4,963 |  |  | $ | 13,940 |

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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=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + 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=6907707&loc=d3e32718-109319 + Details
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