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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of Provision for Benefit from Income Taxes from Continuing Operations | The provision for (benefit from) income taxes from continuing operations consisted of the following:
| Year ended December 31 |  |
In thousands | 2018 |  |  |  | 2017 |  |  | 2016 |  |
Current taxes |  |  |  |  |  |  |  |  |  |  |  |  |
Federal | $ |  |  |  |  | $ | (1,323 | ) |  | $ | (763 | ) |
State |  | 442 |  |  |  |  | 107 |  |  |  | 315 |  |
Foreign |  | 14,985 |  |  |  |  | 14,292 |  |  |  | 10,203 |  |
|  | 15,427 |  |  |  |  | 13,076 |  |  |  | 9,755 |  |
Deferred taxes and other |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | (9,242 | ) |  |  |  | 5,375 |  |  |  | (38,811 | ) |
State |  | 251 |  |  |  |  | 2,652 |  |  |  | (3,428 | ) |
Foreign |  | 1,287 |  |  |  |  | 3,976 |  |  |  | 4,079 |  |
|  | (7,704 | ) |  |  |  | 12,003 |  |  |  | (38,160 | ) |
Income tax provision (benefit) | $ | 7,723 |  |  |  | $ | 25,079 |  |  | $ | (28,405 | ) |
Schedule of Domestic and Foreign Components of Pretax Income (Loss) from Operations | The following are the domestic and foreign components of pretax income (loss) from continuing operations:
| Year ended December 31 |  |
In thousands | 2018 |  |  |  | 2017 |  |  | 2016 |  |
United States | $ | (59,264 | ) |  |  | $ | (60,788 | ) |  | $ | (116,703 | ) |
Foreign |  | 66,539 |  |  |  |  | 80,255 |  |  |  | 74,121 |  |
Total pretax income (loss) | $ | 7,275 |  |  |  | $ | 19,467 |  |  | $ | (42,582 | ) |
Schedule of Reconciliation of Federal Statutory Rate to Company's Effective Tax Rate | The following table sets forth a reconciliation of the statutory federal income tax rate to our actual effective tax rate for continuing operations.
| Year ended December 31 |  |
| 2018 |  |  |  | 2017 |  |  | 2016 |  |
Federal income tax provision at statutory rate |  | 21.0 | % |  |  |  | 35.0 | % |  |  | 35.0 | % |
State income taxes, net of federal income tax benefit |  | (15.9 | ) |  |  |  | (1.8 | ) |  |  | 7.0 |  |
Foreign income tax rate differential |  | (18.9 | ) |  |  |  | (58.0 | ) |  |  | 24.4 |  |
Tax effect of tax credits |  | 1.3 |  |  |  |  | (20.1 | ) |  |  | — |  |
Provision for (resolution of) tax matters |  | 46.5 |  |  |  |  | 27.8 |  |  |  | 0.4 |  |
Rate changes due to enacted legislation |  | 7.2 |  |  |  |  | (1.3 | ) |  |  | 1.9 |  |
State benefit due to enacted legislation |  | — |  |  |  |  | (8.2 | ) |  |  | — |  |
Effect of U.S. tax law change (1) |  | (7.5 | ) |  |  |  | 107.5 |  |  |  | — |  |
Global Intangible Low-taxed Income |  | 33.8 |  |  |  |  | — |  |  |  | — |  |
Stock-based compensation |  | 10.0 |  |  |  |  | (0.2 | ) |  |  | 0.2 |  |
Nondeductible officer's compensation |  | 5.2 |  |  |  |  | — |  |  |  | — |  |
Valuation allowance |  | 15.7 |  |  |  |  | 47.0 |  |  |  | (1.8 | ) |
Other |  | 7.8 |  |  |  |  | 1.1 |  |  |  | (0.4 | ) |
Actual tax rate |  | 106.2 | % |  |  |  | 128.8 | % |  |  | 66.7 | % |
| (1) | Due to the TCJA which was enacted in December 2017, provisional mandatory transition tax on accumulated foreign earnings was accrued as of December 31, 2017. Our U.S. deferred tax assets and liabilities as of December 31, 2017 were re-measured from 35% to 21%.
The provisional effects of the TCJA for the year ended December 31, 2017, are $39.0 million of deferred income tax expense, including a $6.8 million reversal of a valuation allowance, and $18.1 million of deferred income tax benefit.
Schedule of Deferred Tax Assets and Liabilities | The sources of deferred income taxes were as follows at December 31:
In thousands | 2018 |  |  |  | 2017 |  |
Reserves | $ | 3,720 |  |  |  | $ | 3,145 |  |
Environmental |  | 10,795 |  |  |  |  | 11,189 |  |
Compensation |  | 3,957 |  |  |  |  | 6,782 |  |
Post-retirement benefits |  | 2,133 |  |  |  |  | 12,570 |  |
Research & development expenses |  | — |  |  |  |  | 6,787 |  |
Inventories |  | (35 | ) |  |  |  | 1,891 |  |
Tax carryforwards |  | 21,843 |  |  |  |  | 21,988 |  |
Other |  | 3,506 |  |  |  |  | 2,106 |  |
Deferred tax assets |  | 45,919 |  |  |  |  | 66,458 |  |
Valuation allowance |  | (30,029 | ) |  |  |  | (7,405 | ) |
Net deferred tax assets |  | 15,890 |  |  |  |  | 59,053 |  |
Property |  | (66,426 | ) |  |  |  | (98,809 | ) |
Intangible assets |  | (22,231 | ) |  |  |  | (17,647 | ) |
Pension |  | (3,890 | ) |  |  |  | (21,941 | ) |
Other |  | (1,935 | ) |  |  |  | (4,110 | ) |
Deferred tax liabilities |  | (94,482 | ) |  |  |  | (142,507 | ) |
Net deferred tax liabilities | $ | (78,592 | ) |  |  | $ | (83,454 | ) |
Schedule of Non-Current Deferred Tax Assets and Liabilities Balance Sheet Captions | Non-current deferred tax assets and liabilities are included in the following balance sheet captions:
| December 31 |  |
In thousands | 2018 |  |  |  | 2017 |  |
Other assets | $ | 59 |  |  |  | $ | 117 |  |
Deferred income taxes |  | 78,651 |  |  |  |  | 83,571 |  |
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 | 2018 |  |  |  | 2017 |  |  | 2016 |  |
Balance at January 1 | $ | 26.9 |  |  |  | $ | 14.2 |  |  | $ | 12.2 |  |
Increases in tax positions for prior years |  | 0.3 |  |  |  |  | 1.7 |  |  |  | 2.0 |  |
Decreases in tax positions for prior years |  | (1.0 | ) |  |  |  | — |  |  |  | (1.4 | ) |
Acquisition related: |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase Accounting |  | 0.3 |  |  |  |  | — |  |  |  | — |  |
Increases in tax positions for current year |  | 4.0 |  |  |  |  | 11.9 |  |  |  | 1.9 |  |
Settlements |  | (0.2 | ) |  |  |  | — |  |  |  | (0.2 | ) |
Lapse in statutes of limitation |  | (0.7 | ) |  |  |  | (0.9 | ) |  |  | (0.3 | ) |
Balance at December 31 | $ | 29.6 |  |  |  | $ | 26.9 |  |  | $ | 14.2 |  |
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 | 2015 - 2018 |  |  | N/A |
State | 2014 - 2018 |  |  | N/A |
Canada(1) | 2011-2013; 2018 |  |  | 2014 - 2017 |
Germany(1) | 2016 - 2018 |  |  | 2011 - 2015 |
France | 2018 |  |  | 2015-2017 |
United Kingdom | 2017 - 2018 |  |  | N/A |
Philippines | 2015, 2018 |  |  | 2016, 2017 |
(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 | 2018 |  |  |  | 2017 |  |  | 2016 |  |
Accrued interest payable | $ | 1.1 |  |  |  | $ | 0.8 |  |  | $ | 0.5 |  |
Interest expense (income) |  | 0.3 |  |  |  |  | 0.3 |  |  |  | (0.1 | ) |
Penalties | – |  |  |  | – |  |  | – |  |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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