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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

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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