XML 62 R40.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule Of U.S. And Non-U.S. Components Of Income (Loss) Before Provision (Benefit) For Income Taxes | Income before the provision for income taxes was derived from the following sources:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (Dollars in thousands)
U.S. | $ | 55,107 |  |  | $ | (69,087) |  |  | $ | 51,672 |
Foreign | 397,211 |  |  | 525,493 |  |  | 458,373 |
Income before provision for income taxes | $ | 452,318 |  |  | $ | 456,406 |  |  | $ | 510,045 |
Schedule Of Income Tax Expense (Benefit) | The provision for income taxes consists of the following:
| Year Ended December 31, |
| 2022 |  | 2021 |  | 2020
| (Dollars in thousands) |
U.S. income taxes: |  |  |  |  |  |
Current | $ | 3,590 |  |  | $ | 645 |  |  | $ | (7,660) |  |
Deferred | 13,302 |  |  | 2,132 |  |  | 27,822 |  |
| 16,892 |  |  | 2,777 |  |  | 20,162 |  |
Foreign income taxes: |  |  |  |  |  |
Current | 48,744 |  |  | 71,088 |  |  | 63,092 |  |
Deferred | 3,720 |  |  | (5,789) |  |  | (7,583) |  |
| 52,464 |  |  | 65,299 |  |  | 55,509 |  |
Provision for income taxes | $ | 69,356 |  |  | $ | 68,076 |  |  | $ | 75,671 |  |
Schedule Of Income Tax Expense (Benefit) Computed By Applying The U.S. Federal Income Tax Rate |
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (Dollars in thousands)
Tax at statutory U.S. federal rate | $ | 94,987 |  |  | $ | 95,845 |  |  | $ | 107,109 |
Impact of U.S. Tax Cuts and Jobs Act of 2017 - GILTI | 38,153 |  |  | 51,016 |  |  | 45,539 |
Impact of Tax Receivable Agreement | (39) |  |  | 49 |  |  | (4,429) |
Valuation allowance | (1,259) |  |  | (2,208) |  |  | (980) |
State taxes, net of federal tax benefit | 2,182 |  |  | 1,414 |  |  | 3,591 |
U.S. tax impact of foreign earnings (net of foreign tax credits) | 348 |  |  | 537 |  |  | 2,113 |
Establishment/resolution of uncertain tax positions | (40) |  |  | (48) |  |  | (78) |
Adjustment for foreign income taxed at different rates | (25,656) |  |  | (38,530) |  |  | (38,464) |
Foreign tax credits | (34,264) |  |  | (43,821) |  |  | (37,280) |
Change-in-Control-related compensation | (1,432) |  |  | 10,626 |  |  | — |
Other | (3,624) |  |  | (6,804) |  |  | (1,450) |
Provision for income taxes | $ | 69,356 |  |  | $ | 68,076 |  |  | $ | 75,671 |
Schedule Of Deferred Tax Assets And Deferred Tax Liabilities |
| December 31,
| 2022 |  | 2021
| (Dollars in thousands)
Deferred tax assets: |  |  |
Post-employment and other employee benefits | $ | 15,088 |  |  | $ | 17,375 |
Foreign tax credit and other carryforwards | 25,856 |  |  | 32,452 |
Capitalized research and experimental costs | 736 |  |  | 1,935 |
Environmental reserves | 1,040 |  |  | 1,133 |
Inventory adjustments | 5,767 |  |  | 10,545 |
Long-term contract option amortization | 934 |  |  | 982 |
Previously taxed income | 8,304 |  |  | 5,229 |
Other | 2,695 |  |  | 2,246 |
Total gross deferred tax assets | 60,420 |  |  | 71,897 |
Less: valuation allowance | (9,269) |  |  | (10,550) |
Total deferred tax assets | 51,151 |  |  | 61,347 |
Deferred tax liabilities: |  |  |
Fixed assets | $ | 51,410 |  |  | $ | 51,595 |
Inventory | 14,649 |  |  | 8,834 |
Goodwill and acquired intangibles | 10,089 |  |  | 9,502 |
Mark-to-market hedges | 3,903 |  |  | 2,824 |
Other | 4,205 |  |  | 3,079 |
Total deferred tax liabilities | 84,256 |  |  | 75,834 |
Net deferred tax liability | $ | (33,105) |  |  | $ | (14,487) |
Schedule Of Valuation Allowance Activity | Valuation allowance activity for the years ended December 31, 2022, 2021 and 2020 is as follows:
| (Dollars in thousands)
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 |
Credited to income | (1,259) |
Translation adjustment | (22) |
Balance as of December 31, 2022 | $ | 9,269 |
Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits |
| (Dollars in thousands)
Balance as of December 31, 2020 | $ | 125 |
Lapse of statute of limitations | (45) |
Foreign currency impact | (7) |
Balance as of December 31, 2021 | $ | 73 |
Lapse of statute of limitations | (40) |
Foreign currency impact | 3 |
Balance as of December 31, 2022 | $ | 36 |

X
- Definition Reconciliation of the beginning and ending amount of unrecognized tax benefits [Table Text Block]. + References No definition available. + Details
Name: | gti_ReconciliationOfBeginningAndEndingAmountOfUnrecognizedTaxBenefitsTableTextBlock
Namespace Prefix: | gti_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + 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 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration