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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [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 before provision for income taxes:
| For the Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (Dollars in thousands)
U.S. | $ | (69,087) |  |  | $ | 51,672 |  |  | $ | 85,365 |
Non-U.S. | 525,493 |  |  | 458,373 |  |  | 757,462 |
Income before provision for income taxes | $ | 456,406 |  |  | $ | 510,045 |  |  | $ | 842,827 |
Schedule Of Income Tax Expense (Benefit) | Provision for income taxes consists of the following:
| For the Year Ended December 31, |
| 2021 |  | 2020 |  | 2019
U.S. income taxes: |  |  |  |  |  |
Current | $ | 645 |  |  | $ | (7,660) |  |  | $ | 16,589 |  |
Deferred | 2,132 |  |  | 27,822 |  |  | 5,690 |  |
| 2,777 |  |  | 20,162 |  |  | 22,279 |  |
Non-U.S. income taxes: |  |  |  |  |  |
Current | 71,088 |  |  | 63,092 |  |  | 64,134 |  |
Deferred | (5,789) |  |  | (7,583) |  |  | 11,812 |  |
| 65,299 |  |  | 55,509 |  |  | 75,946 |  |
Provision for income taxes | $ | 68,076 |  |  | $ | 75,671 |  |  | $ | 98,225 |  |
Schedule Of Income Tax Expense (Benefit) Computed By Applying The U.S. Federal Income Tax Rate |
| For the Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (Dollars in thousands)
Tax at statutory U.S. federal rate | $ | 95,845 |  |  | $ | 107,109 |  |  | $ | 176,994 |
Impact of U.S. Tax Cuts and Jobs Act of 2017 - GILTI | 51,016 |  |  | 45,539 |  |  | 65,531 |
Impact of Tax Receivable Agreement | 49 |  |  | (4,429) |  |  | 713 |
Valuation allowance | (2,208) |  |  | (980) |  |  | (14,548) |
State taxes, net of federal tax benefit | 1,414 |  |  | 3,591 |  |  | 4,231 |
U.S. tax impact of foreign earnings (net of foreign tax credits) | 537 |  |  | 2,113 |  |  | 2,181 |
Establishment/resolution of uncertain tax positions | (48) |  |  | (78) |  |  | (1,293) |
Adjustment for foreign income taxed at different rates | (38,530) |  |  | (38,464) |  |  | (76,922) |
Foreign tax credits | (43,821) |  |  | (37,280) |  |  | (56,171) |
Change-in-Control-related compensation | 10,626 |  |  | — |  |  | — |
Other | (6,804) |  |  | (1,450) |  |  | (2,491) |
Provision for income taxes | $ | 68,076 |  |  | $ | 75,671 |  |  | $ | 98,225 |
Schedule Of Deferred Tax Assets And Deferred Tax Liabilities |
| As of December 31,
| 2021 |  | 2020
| (Dollars in thousands)
Deferred tax assets: |  |  |
Post-employment and other employee benefits | $ | 17,375 |  |  | $ | 18,202 |
Foreign tax credit and other carryforwards | 32,452 |  |  | 37,101 |
Capitalized research and experimental costs | 1,935 |  |  | 3,897 |
Environmental reserves | 1,133 |  |  | 1,111 |
Inventory adjustments | 10,545 |  |  | 7,381 |
Long-term contract option amortization | 982 |  |  | 1,031 |
Provision for rationalization charges | 71 |  |  | 96 |
Mark-to-market hedges | — |  |  | 3,552 |
Previously taxed income | 5,229 |  |  | 2,163 |
Other | 2,175 |  |  | 1,483 |
Total gross deferred tax assets | 71,897 |  |  | 76,017 |
Less: valuation allowance | (10,550) |  |  | (12,773) |
Total deferred tax assets | 61,347 |  |  | 63,244 |
Deferred tax liabilities: |  |  |
Fixed assets | $ | 51,595 |  |  | $ | 54,485 |
Inventory | 8,834 |  |  | 8,573 |
Goodwill and acquired intangibles | 9,502 |  |  | 7,552 |
Mark-to-market hedges | 2,824 |  |  | — |
Other | 3,079 |  |  | 3,254 |
Total deferred tax liabilities | 75,834 |  |  | 73,864 |
Net deferred tax (liability) | $ | (14,487) |  |  | $ | (10,620) |
Schedule Of Valuation Allowance Activity | Valuation allowance activity for the years ended December 31, 2021, 2020 and 2019 is as follows:
| (Dollars in thousands)
Balance as of December 31, 2018 | $ | 58,446 |
Credited to income | (14,548) |
Changes attributable to write-off of underlying assets | (30,138) |
Translation adjustment | (24) |
Balance as of December 31, 2019 | $ | 13,736 |
Credited to income | (980) |
Translation adjustment | 17 |
Balance as of December 31, 2020 | $ | 12,773 |
Credited to income | (2,208) |
Translation adjustment | (15) |
Balance as of December 31, 2021 | $ | 10,550 |
Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits |
| (Dollars in thousands)
Balance as of December 31, 2019 | $ | 184 |
Settlements | (75) |
Foreign currency impact | 16 |
Balance as of December 31, 2020 | $ | 125 |
Lapse of statutes of limitations | (45) |
Foreign currency impact | (7) |
Balance as of December 31, 2021 | $ | 73 |

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