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Income Taxes (Tables)

12 Months Ended

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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