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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2012
Income Tax Examination [Line Items] |
Schedule of provision/(benefit) for income taxes from operations |
|  | Year Ended December 31 |
In thousands |  | 2012 |  |  | 2011 |  |  | 2010 |
Current taxes |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 8,869 |  |  | $ | 6,943 |  |  | $ | (8,238 | )
State |  |  | 3,386 |  |  |  | (1,762 | ) |  |  | (392 | )
Foreign |  |  | 9,516 |  |  |  | 2,637 |  |  |  | 4,540 |
|  |  | 21,771 |  |  |  | 7,818 |  |  |  | (4,090 | )
Deferred taxes and other |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (5,456 | ) |  |  | (3,908 | ) |  |  | (17,530 | )
State |  |  | (920 | ) |  |  | (286 | ) |  |  | (131 | )
Foreign |  |  | 4,167 |  |  |  | 4,527 |  |  |  | 846 |
|  |  | (2,209 | ) |  |  | 333 |  |  |  | (16,815 | )
Income tax provision/(benefit) |  | $ | 19,562 |  |  | $ | 8,151 |  |  | $ | (20,905 | )
Schedule of domestic and foreign components of pretax income from operations |
|  | Year Ended December 31 |
In thousands |  | 2012 |  |  | 2011 |  |  | 2010 |
United States |  | $ | 24,525 |  |  | $ | (991 | ) |  | $ | 2,384 |
Foreign |  |  | 54,416 |  |  |  | 51,836 |  |  |  | 31,145 |
Total pretax income |  | $ | 78,941 |  |  | $ | 50,845 |  |  | $ | 33,529 |
Schedule of reconciliation of the federal statutory rate to the Company's effective tax rate |
|  | Year Ended December 31 |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Federal income tax provision at statutory rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State income taxes, net of federal income tax benefit |  |  | 1.3 |  |  |  | 0.7 |  |  |  | 1.4 |
Foreign income tax rate differential |  |  | (3.9 | ) |  |  | (6.8 | ) |  |  | (4.9 | )
Change in statutory tax rates |  |  | (0.8 | ) |  |  | 0.9 |  |  |  | 1.5 |
Tax credits |  |  | (0.5 | ) |  |  | (2.0 | ) |  |  | (7.8 | )
Change in unrecognized tax benefits, net |  |  | 0.4 |  |  |  | (11.6 | ) |  |  | (12.4 | )
Cellulosic biofuel credit, net of incremental state tax and manufacturing deduction benefit |  |  | (6.1 | ) |  |  | – |  |  |  | (69.3 | )
Adjustment for prior year estimates |  |  | – |  |  |  | – |  |  |  | (6.8 | )
Valuation allowance |  |  | – |  |  |  | 3.2 |  |  |  | – |
Other |  |  | (0.6 | ) |  |  | (3.4 | ) |  |  | 1.0 |
Provision/(benefit) for income taxes |  |  | 24.8 | % |  |  | 16.0 | % |  |  | (62.3 | )%
Schedule of current and non-current deferred tax assets and liabilities |
|  | December 31 |
In thousands |  |  | 2012 |  |  |  | 2011 |
Prepaid expenses and other current assets |  | $ | 16,319 |  |  | $ | 12,662 |
Other long term assets |  |  | 8,110 |  |  |  | 12,262 |
Other current liabilities |  |  | 687 |  |  |  | – |
Deferred income taxes |  |  | 62,046 |  |  |  | 69,791 |
Schedule of Unrecognized tax benefit |
In millions |  |  | 2012 |  |  |  | 2011 |  |  |  | 2010 |
Balance at January 1 |  | $ | 29.7 |  |  | $ | 38.7 |  |  | $ | 40.1 |
Increases in tax positions for prior years |  |  | 1.4 |  |  |  | 0. 8 |  |  |  | 1.6 |
Decreases in tax positions for prior years |  |  | (1.0 | ) |  |  | (7.5 | ) |  |  | (1.8 | )
Acquisition related: |  |  |  |  |  |  |  |  |  |  |  |
Purchase Accounting |  |  | – |  |  |  | – |  |  |  | 3.2 |
Decrease for prior years(1) |  |  | – |  |  |  | – |  |  |  | (2.2 | )
Increases in tax positions for current year |  |  | 1.9 |  |  |  | 1.1 |  |  |  | 1.9 |
Settlements |  |  | (0.4 | ) |  |  | (0.1 | ) |  |  | – |
Lapse in statutes of limitation |  |  | (1.2 | ) |  |  | (3.3 | ) |  |  | (4.1 | )
Balance at December 31 |  | $ | 30.4 |  |  | $ | 29.7 |  |  | $ | 38.7 |
(1) | in connection with acquisition accounting for the Concert transaction, we recorded a $2.2 million reserve for an uncertain tax position and at the same time recorded a receivable from the seller due to an indemnification agreement. Prior to the end of 2010, a tax ruling was issued that eliminated this tax risk resulting in the elimination of both items.
Summary of tax years that remain subject to examination by major jurisdiction |
|  | Open Tax Years |
Jurisdiction |  | Examinations not yet initiated |  | Examination in progress |
United States |  |  |  |  |  |
Federal |  | 2009 – 2012 |  |  | N/A |
State |  | 2008 – 2012 |  |  | 2004, 2006, 2008, 2009 |
Canada (1) |  | 2010 – 2012 |  |  | 2007 – 2011 |
Germany (1) |  | 2007, 2010 – 2012 |  |  | 2008 – 2010 |
France |  | 2010 – 2012 |  |  | N/A |
United Kingdom |  | 2009 – 2012 |  |  | N/A |
Philippines |  | 2011 – 2012 |  |  | 2010 |
(1) | includes provincial or similar local jurisdictions, as applicable.
Deferred Income Tax [Member] |
Income Tax Examination [Line Items] |
Schedule of current and non-current deferred tax assets and liabilities |
|  | 2012 |  |  | 2011 |
In thousands |  |  | Current Asset (Liability) |  |  |  | Non current Asset (Liability) |  |  |  | Current Asset (Liability) |  |  |  | Non current Asset (Liability) |
Reserves |  | $ | 6,871 |  |  | $ | 8,095 |  |  | $ | 5,908 |  |  | $ | 10,595 |
Compensation |  |  | 3,332 |  |  |  | 5,034 |  |  |  | 3,481 |  |  |  | 5,064 |
Post-retirement benefits |  |  | 1,285 |  |  |  | 22,642 |  |  |  | 1,325 |  |  |  | 18,467 |
Property |  |  | – |  |  |  | (92,144 | ) |  |  | – |  |  |  | (96,798 | )
Pension |  |  | 508 |  |  |  | (14,681 | ) |  |  | 342 |  |  |  | (18,190 | )
Inventories |  |  | 1,447 |  |  |  | – |  |  |  | 125 |  |  |  | – |
Other |  |  | 204 |  |  |  | 975 |  |  |  | (246 | ) |  |  | 1,985 |
Tax carryforwards |  |  | 5,218 |  |  |  | 43,409 |  |  |  | 3,313 |  |  |  | 47,294 |
Subtotal |  |  | 18,865 |  |  |  | (26,670 | ) |  |  | 14,248 |  |  |  | (31,583 | )
Valuation allowance |  |  | (3,233 | ) |  |  | (27,266 | ) |  |  | (1,586 | ) |  |  | (25,946 | )
Total |  | $ | 15,632 |  |  | $ | (53,936 | ) |  | $ | 12,662 |  |  | $ | (57,529 | )

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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 income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 21 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 14 -Paragraph 3 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=21917533&loc=d3e36027-109320 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (c),(d)(2)-(3) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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