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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Provision for Income Taxes from Operations

The provision for income taxes from operations consisted of the following:

		Year ended December 31
In thousands		2015				2014				2013
Current taxes
Federal		$	5,047			$	3,291			$	625
State			(1,680	)			238				(4,365	)
Foreign			12,536				24,027				17,268
			15,903				27,556				13,528
Deferred taxes and other
Federal			(7,287	)			(3,975	)			(10,973	)
State			564				(147	)			(474	)
Foreign			4,821				(5,297	)			(38	)
			(1,902	)			(9,419	)			(11,485	)
Income tax provision		$	14,001			$	18,137			$	2,043

Schedule of Domestic and Foreign Components of Pretax Income from Operations

The following are the domestic and foreign components of pretax income from operations:

		Year ended December 31
In thousands		2015				2014				2013
United States		$	2,382			$	4,637			$	(3,052	)
Foreign			76,194				82,746				72,253
Total pretax income		$	78,576			$	87,383			$	69,201

Schedule of Reconciliation of Federal Statutory Rate to Company's Effective Tax Rate

A reconciliation between the income tax provision, computed by applying the statutory federal income tax rate of 35% to income before income taxes, and the actual income tax provision is as follows:

		Year ended December 31
		2015				2014				2013
Federal income tax provision at statutory rate			35.0	%			35.0	%			35.0	%
State income taxes, net of federal income tax benefit			0.3				0.2				0.5
Foreign income tax rate differential			(8.6	)			(5.0	)			(5.0	)
Change in statutory tax rates			–				(2.2	)			(0.6	)
Tax credits			(1.9	)			(2.0	)			(4.4	)
Change in unrecognized tax benefits, net			(2.1	)			1.3				(22.7	)
Permanent differences on non-U.S. earnings			(4.4	)			(2.8	)			(0.4	)
Valuation allowance			0.4				(2.7	)			–
Other			(0.9	)			(1.0	)			0.6
Provision for income taxes			17.8	%			20.8	%			3.0	%

Schedule of Current and Non-Current Deferred Tax Assets and Liabilities

Current and non-current deferred tax assets and liabilities are included in the following balance sheet captions:

		December 31
In thousands			2015				2014
Prepaid expenses and other current assets		$	–			$	20,017
Other assets			5,088				8,830
Other current liabilities			–				234
Deferred income taxes			76,458				104,016

Schedule of Unrecognized Tax Benefit

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

In millions			2015				2014				2013
Balance at January 1		$	14.9			$	14.9			$	30.4
Increases in tax positions for prior years			–				0.7				0.2
Decreases in tax positions for prior years			(4.3	)			(0.5	)			(4.9	)
Acquisition related:
Purchase Accounting			–				0.3				1.3
Increases in tax positions for current year			1.9				3.4				1.7
Settlements			–				(1.3	)			–
Lapse in statutes of limitation			(0.3	)			(2.6	)			(13.8	)
Balance at December 31		$	12.2			$	14.9			$	14.9

Summary of Tax Years that Remain Subject to Examination by Major Jurisdiction

The following table summarizes tax years that remain subject to examination by major jurisdiction:

		Open Tax Years
Jurisdiction		Examinations not yet initiated		Examination in progress
United States
Federal		2013 – 2015		N/A
State		2011 – 2015		2012 – 2014
Canada(1)		2010 – 2015		N/A
Germany(1)		2012 – 2015		2007 – 2011
France		2013 – 2015		2011 – 2012
United Kingdom		2014 – 2015		N/A
Philippines		2012, 2014 – 2015		2013

(1) includes provincial or similar local jurisdictions, as applicable.

Summary of Information Related to Interest and Penalties on Uncertain Tax Positions

The following table summarizes information related to interest and penalties on uncertain tax positions:

		As of or for the year ended December 31,
In millions			2015				2014				2013
Accrued interest payable		$	0.6			$	0.6			$	0.6
Interest expense (income)			–				–				(0.8	)
Penalties			–				–				–

Deferred Income Tax [Member]

Schedule of Current and Non-Current Deferred Tax Assets and Liabilities

The sources of deferred income taxes were as follows at December 31:

		2015								2014
In thousands			Current Asset (Liability)				Non current Asset (Liability)				Current Asset (Liability)				Non current Asset (Liability)
Reserves		$	–			$	11,931			$	5,032			$	7,987
Compensation			–				8,250				3,087				5,075
Post-retirement benefits			–				19,476				1,531				21,338
Property			–				(84,009	)			–				(89,432	)
Intangible assets			–				(17,748	)			–				(21,285	)
Pension			–				(26,885	)			532				(30,412	)
Inventories			–				3,445				2,758				–
Other			–				605				(783	)			1,171
Research & development expenses			–				8,925				–				–
Tax carryforwards			–				8,413				8,560				12,660
Subtotal			–				(67,597	)			20,717				(92,898	)
Valuation allowance			–				(3,773	)			(934	)			(2,288	)
Total		$	–			$	(71,370	)		$	19,783			$	(95,186	)

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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.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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