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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2013
Income Tax Expense (Benefit) [Abstract] |
Schedule Of U.S. And Non-U.S. Components Of Income (Loss) Before Provision (Benefit) For Income Taxes | The following table summarizes the U.S. and non-U.S. components of income (loss) before provision (benefit) for income taxes:
| For the Year Ended December 31,
| 2011 |  | 2012 |  | 2013
| (Dollars in thousands)
U.S. | $ | 32,877 |  |  | $ | 29,422 |  |  | $ | 8,495 |
Non-U.S. | 110,414 |  |  | 105,065 |  |  | (48,597 | )
| $ | 143,291 |  |  | $ | 134,487 |  |  | $ | (40,102 | )
Schedule Of Income Tax Expense (Benefit) | Income tax expense (benefit) consists of the following:
| For the Year Ended December 31,
| 2011 |  | 2012 |  | 2013
| (Dollars in thousands)
U.S income taxes: |  |  |  |  |
Current | $ | 16,988 |  |  | $ | (6,529 | ) |  | $ | 4,104 |
Deferred | (46,379 | ) |  | 4,543 |  |  | (5,652 | )
| (29,391 | ) |  | (1,986 | ) |  | (1,548 | )
Non-U.S. income taxes: |  |  |  |  |
Current | 18,173 |  |  | 12,371 |  |  | 5,422 |
Deferred | 1,325 |  |  | 6,462 |  |  | (16,717 | )
| 19,498 |  |  | 18,833 |  |  | (11,295 | )
Total income tax expense (benefit) | $ | (9,893 | ) |  | $ | 16,847 |  |  | $ | (12,843 | )
Schedule Of Income Tax Expense (Benefit) Computed By Applying The U.S. Federal Income Tax Rate | Income tax expense (benefit) differed from the amounts computed by applying the U.S. federal income tax rate of 35% to income before provision (benefit) for income taxes as set forth in the following table:
| For the Year Ended December 31,
| 2011 |  | 2012 |  | 2013
| (Dollars in thousands)
Tax at statutory U.S. federal rate | $ | 50,152 |  |  | $ | 47,071 |  |  | $ | (14,036 | )
U.S. valuation allowance, net | (45,989 | ) |  | (1,800 | ) |  | (700 | )
State taxes, net of federal tax benefit | 474 |  |  | 593 |  |  | (371 | )
U.S. tax return adjustments to estimated taxes | (455 | ) |  | 588 |  |  | (1,032 | )
Establishment (resolution) of uncertain tax positions | 1,507 |  |  | (8,118 | ) |  | (752 | )
Adjustment for foreign income taxed at different rates | (14,450 | ) |  | (15,553 | ) |  | 6,832 |
U.S. tax credits | — |  |  | (2,200 | ) |  | (2,577 | )
Non-U.S. tax exemptions, holidays and credits | (2,535 | ) |  | (4,259 | ) |  | — |
Other | 1,403 |  |  | 524 |  |  | (207 | )
Total income tax (benefit) expense | $ | (9,893 | ) |  | $ | 16,846 |  |  | $ | (12,843 | )
Schedule Of Deferred Tax Assets And Deferred Tax Liabilities | The tax effects of temporary differences that give rise to significant components of the deferred tax assets and deferred tax liabilities at December 31, 2012, and December 31, 2013 are set forth in the following table:
| At December 31,
| 2012 |  | 2013
| (Dollars in thousands)
Deferred tax assets: |  |  |
Postretirement and other employee benefits | $ | 51,646 |  |  | $ | 41,604 |
Foreign tax credit and other carryforwards | 54,102 |  |  | 46,283 |
Capitalized research and experimental costs | 999 |  |  | 20,243 |
Environmental reserves | 4,057 |  |  | 3,503 |
Inventory adjustments | 13,365 |  |  | 16,255 |
Capital loss | 3,222 |  |  | 2,697 |
Provision for rationalization charges | — |  |  | 17,410 |
Other | 9,052 |  |  | 5,889 |
Total gross deferred tax assets | 136,443 |  |  | 153,884 |
Less: valuation allowance | (26,312 | ) |  | (20,411 | )
Total deferred tax assets | 110,131 |  |  | 133,473 |
Deferred tax liabilities: |  |  |
Fixed assets | $ | 102,568 |  |  | $ | 109,824 |
Debt discount amortization | 9,720 |  |  | 6,620 |
Inventory | 9,531 |  |  | 9,212 |
Goodwill and acquired intangibles | 11,299 |  |  | 10,813 |
Other | 2,420 |  |  | 2,204 |
Total deferred tax liabilities | 135,538 |  |  | 138,673 |
Net deferred tax liability | $ | 25,407 |  |  | $ | 5,200 |
Schedule Of Valuation Allowance Activity | Valuation allowance activity for the years ended December 31, 2011, 2012 and 2013 is as follows:
| For the year ended December 31,
| 2011 |  | 2012 |  | 2013
| (Dollars in thousands)
Balance at January 1 | $ | 74,945 |  |  | $ | 25,509 |  |  | $ | 26,312 |
(Credited) / charged to income | (49,403 | ) |  | (1,800 | ) |  | (614 | )
Translation adjustment | (391 | ) |  | (52 | ) |  | (746 | )
Changes attributable to movement in underlying assets | 358 |  |  | 2,655 |  |  | (4,541 | )
Balance at December 31 | $ | 25,509 |  |  | $ | 26,312 |  |  | $ | 20,411 |
Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| December 31,
| 2011 |  | 2012 |  | 2013
| (Dollars in thousands)
Balance at January 1 | $ | 13,719 |  |  | $ | 16,788 |  |  | $ | 9,769 |
Additions based on tax positions related to the current year | — |  |  | 90 |  |  | 881 |
Additions for tax positions of prior years | 3,910 |  |  | 4,643 |  |  | 323 |
Reductions for tax positions of prior years | (165 | ) |  | (11,019 | ) |  | (2,779 | )
Lapse of statutes of limitations | (627 | ) |  | (163 | ) |  | — |
Settlements | — |  |  | (576 | ) |  | (988 | )
Foreign currency impact | (49 | ) |  | 6 |  |  | (3 | )
Balance at December 31 | $ | 16,788 |  |  | $ | 9,769 |  |  | $ | 7,203 |

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