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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax (Benefit)/Expense | The following tables present components of income tax expense/(benefit) and income before income taxes on continuing operations:
(in thousands) |  | 2017 |  | 2016 |  | 2015
Income tax based on income from continuing operations, at estimated tax rates of 32%, 35%, and 32%, respectively |  | $17,519 |  |  | $27,629 |  |  | $16,388 |
Income tax before discrete items |  | 17,519 |  |  | 27,629 |  |  | 16,388 |
Discrete tax expense(benefit): |  |  |  |  |  |  |  |  |
Worthless stock deduction |  | - |  |  | - |  |  | (28,553 | )
Net impact of mandatory deemed repatriations |  | 5,758 |  |  | - |  |  | - |
Provision for/resolution of tax audits and contingencies, net |  | 1,329 |  |  | (2,856 | ) |  | 6,500 |
Adjustments to prior period tax liabilities |  | (840 | ) |  | 586 |  |  | (867 | )
Provision for/adjustment to beginning of year valuation allowances |  | (3,522 | ) |  | (88 | ) |  | 75 |
Enacted tax legislation |  | 1,879 |  |  | 183 |  |  | 670 |
Total income tax expense/(benefit) |  | $22,123 |  |  | $25,454 |  |  | ($5,787 | )
Schedule of Income/(Loss) From Continuing Operations |
(in thousands) |  | 2017 |  | 2016 |  | 2015
Income/(loss) before income taxes: |  |  |  |  |  |  |  |  |
U.S. |  | ($5,865 | ) |  | $8,556 |  |  | ($7,211 | )
Non-U.S. |  | 60,573 |  |  | 69,710 |  |  | 58,689 |
|  | $54,708 |  |  | $78,266 |  |  | $51,478 |
Income tax provision: |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $1,551 |  |  | $3,728 |  |  | $- |
State |  | 1,770 |  |  | 176 |  |  | 1,993 |
Non-U.S. |  | 19,282 |  |  | 19,979 |  |  | 20,842 |
|  | $22,603 |  |  | $23,883 |  |  | $22,835 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  | $1,881 |  |  | $2,138 |  |  | ($34,135 | )
State |  | (1,237 | ) |  | 1,984 |  |  | (40 | )
Non-U.S. |  | (1,124 | ) |  | (2,551 | ) |  | 5,553 |
|  | ($480 | ) |  | $1,571 |  |  | ($28,622 | )
Total income tax expense/(benefit) |  | $22,123 |  |  | $25,454 |  |  | ($5,787 | )
Schedule of significant components of deferred income tax expense/(benefit) | The significant components of deferred income tax expense/(benefit) are as follows:
(in thousands) |  | 2017 |  | 2016 |  | 2015
Net effect of temporary differences |  | ($5,774 | ) |  | $7,214 |  |  | ($7,615 | )
Foreign tax credits |  | 8,340 |  |  | (6,869 | ) |  | (17,874 | )
Retirement benefits |  | (502 | ) |  | 1,734 |  |  | 1,844 |
Net impact to operating loss carryforwards |  | (900 | ) |  | (603 | ) |  | (5,722 | )
Enacted changes in tax laws and rates |  | 1,878 |  |  | 183 |  |  | 670 |
Adjustment to beginning-of-the-year valuation allowance balance for changes in circumstances |  | (3,522 | ) |  | (88 | ) |  | 75 |
Total |  | ($480 | ) |  | $1,571 |  |  | ($28,622 | )
Reconciliation of the U.S. Federal Statutory Tax Rate to the Company's Effective Income Tax Rate | A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows:
|  | 2017 |  | 2016 |  | 2015
U.S. federal statutory tax rate |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State taxes, net of federal benefit |  | 1.0 |  |  | 2.3 |  |  | 2.4 |
Non-U.S. local income taxes |  | 5.9 |  |  | 3.5 |  |  | 4.1 |
Foreign permanent adjustments |  | 0.4 |  |  | 1.6 |  |  | 7.4 |
Foreign rate differential |  | (10.5 | ) |  | (11.3 | ) |  | (13.6 | )
Net U.S. tax on non-U.S. earnings and foreign withholdings |  | 11.9 |  |  | 5.8 |  |  | (1.8 | )
Provision for/resolution of tax audits and contingencies, net |  | 2.4 |  |  | (3.4 | ) |  | 12.6 |
Research and development and other tax credits |  | (1.5 | ) |  | (1.2 | ) |  | (2.4 | )
Adjustment to beginning-of-the-year valuation allowances |  | (6.4 | ) |  | (0.1 | ) |  | 0.1 |
Worthless stock deduction |  | - |  |  | - |  |  | (55.5 | )
Other |  | 2.2 |  |  | 0.3 |  |  | 0.5 |
Effective income tax rate |  | 40.4 | % |  | 32.5 | % |  | (11.2 | )%
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
|  | U.S. |  | Non-U.S.
(in thousands) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Noncurrent deferred tax assets: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $557 |  |  | $1,155 |  |  | $1,341 |  |  | $1,381 |
Inventories |  | 1,109 |  |  | 1,193 |  |  | 961 |  |  | 1,868 |
Deferred compensation |  | 3,300 |  |  | 7,533 |  |  | 1,362 |  |  | - |
Depreciation and amortization |  | - |  |  | 2,786 |  |  | 3,211 |  |  | 2,564 |
Postretirement benefits |  | 18,286 |  |  | 26,602 |  |  | 1,464 |  |  | 2,067 |
Tax loss carryforwards |  | 1,368 |  |  | 1,760 |  |  | 22,639 |  |  | 26,084 |
Tax credit carryforwards |  | 41,920 |  |  | 50,624 |  |  | 1,654 |  |  | 1,186 |
Other |  | 3,891 |  |  | 7,828 |  |  | - |  |  | 2,876 |
Noncurrent deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |
before valuation allowance |  | 70,431 |  |  | 99,481 |  |  | 32,632 |  |  | 38,026 |
Less: valuation allowance |  | - |  |  | - |  |  | (16,057 | ) |  | (22,821 | )
Total noncurrent deferred tax assets |  | 70,431 |  |  | 99,481 |  |  | 16,575 |  |  | 15,205 |
Total deferred tax assets |  | $70,431 |  |  | $99,481 |  |  | $16,575 |  |  | $15,205 |
Noncurrent deferred tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Unrepatriated foreign earnings |  | $914 |  |  | $1,602 |  |  | $- |  |  | $- |
Depreciation and amortization |  | 20,170 |  |  | 43,156 |  |  | - |  |  | - |
Deferred gain |  | 4,169 |  |  | 7,156 |  |  | - |  |  | - |
Other |  | 81 |  |  | 2,198 |  |  | 2,597 |  |  | 2,897 |
Total deferred tax liabilities |  | $25,334 |  |  | $54,112 |  |  | $2,597 |  |  | $2,897 |
Net deferred tax asset |  | $45,097 |  |  | $45,369 |  |  | $13,978 |  |  | $12,308 |
Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits | The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits, all of which, if recognized, would impact the effective tax rate:
(in thousands) |  | 2017 |  | 2016 |  | 2015
Unrecognized tax benefits balance at January 1 |  | $4,183 |  |  | $19,606 |  |  | $19,509 |
Increase in gross amounts of tax positions related to prior years |  | 480 |  |  | 62 |  |  | 2,315 |
Decrease in gross amounts of tax positions related to prior years |  | (50 | ) |  | (2,129 | ) |  | (145 | )
Increase in gross amounts of tax positions related to current years |  | - |  |  | 585 |  |  | 79 |
Decrease due to settlements with tax authorities |  | (381 | ) |  | (14,029 | ) |  | (42 | )
Decrease due to lapse in statute of limitations |  | (29 | ) |  | (163 | ) |  | (90 | )
Currency translation |  | 306 |  |  | 251 |  |  | (2,020 | )
Unrecognized tax benefits balance at December 31 |  | $4,509 |  |  | $4,183 |  |  | $19,606 |
Schedule of Current Income Taxes Prepaid and Deferred | As of December 31, 2017 and 2016, current income taxes prepaid and receivable consisted of the following:
(in thousands) |  | 2017 |  | 2016
Prepaid taxes |  | $4,872 |  |  | $3,914 |
Taxes receivable |  | 1,394 |  |  | 1,299 |
Total current income taxes prepaid and receivable |  | $6,266 |  |  | $5,213 |
Schedule of Non-Current Income Taxes Receivable and Deferred | As of December 31, 2017 and 2016, noncurrent deferred tax liabilities and other credits consisted of the following:
(in thousands) |  | 2017 |  | 2016
Deferred income taxes |  | $9,573 |  |  | $11,188 |
Other liabilities |  | 1,418 |  |  | 1,201 |
Total noncurrent deferred taxes and other liabilities |  | $10,991 |  |  | $12,389 |

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