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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule Of U.S. And Non-U.S. Components Of Income (Loss) Before Provision (Benefit) For Income Taxes

(Loss) income before the (benefit) provision for income taxes was derived from the following sources:

			Year Ended December 31,
			2023						2022						2021
			(Dollars in thousands)
U.S.			$	(111,821)					$	55,107					$	(69,087)
Foreign			(161,943)						397,211						525,493
(Loss) income before (benefit) provision for income taxes			$	(273,764)					$	452,318					$	456,406

Schedule Of Income Tax Expense (Benefit)

The (benefit) provision for income taxes consisted of the following:

			Year Ended December 31,
			2023						2022						2021
			(Dollars in thousands)
U.S. income taxes:
Current			$	(129)					$	3,590					$	645
Deferred			(12,643)						13,302						2,132
			(12,772)						16,892						2,777
Foreign income taxes:
Current			9,738						48,744						71,088
Deferred			(15,480)						3,720						(5,789)
			(5,742)						52,464						65,299
(Benefit) provision for income taxes			$	(18,514)					$	69,356					$	68,076

Schedule Of Income Tax Expense (Benefit) Computed By Applying The U.S. Federal Income Tax Rate

			Year Ended December 31,
			2023						2022						2021
			(Dollars in thousands)
Tax at statutory U.S. federal rate			$	(57,490)					$	94,987					$	95,845
Impact of U.S. Tax Cuts and Jobs Act of 2017 - GILTI			1,041						38,153						51,016
Impact of Tax Receivable Agreement			91						(39)						49
Valuation allowance			(282)						(1,259)						(2,208)
State taxes, net of federal tax benefit			818						2,182						1,414
U.S. tax impact of foreign earnings (net of foreign tax credits)			311						348						537
Establishment/resolution of uncertain tax positions			(36)						(40)						(48)
Adjustment for foreign income taxed at different rates			16,666						(25,656)						(38,530)
Foreign tax credits			(2,534)						(34,264)						(43,821)
Change-in-Control-related compensation			—						(1,432)						10,626
Impact of non-deductible goodwill impairment			24,570						—						—
Other			(1,669)						(3,624)						(6,804)
(Benefit) provision for income taxes			$	(18,514)					$	69,356					$	68,076

Schedule Of Deferred Tax Assets And Deferred Tax Liabilities

			December 31,
			2023						2022
			(Dollars in thousands)
Deferred tax assets:
Post-employment and other employee benefits			$	18,088					$	15,088
Foreign tax credit and other carryforwards			40,172						25,856
Capitalized research and experimental costs			212						736
Environmental reserves			1,058						1,040
Inventory adjustments			7,710						5,767
Long-term contract option amortization			881						934
Previously taxed income			—						8,304
Other			1,198						2,695
Total gross deferred tax assets			69,319						60,420
Less: valuation allowance			(8,956)						(9,269)
Total deferred tax assets			60,363						51,151
Deferred tax liabilities:
Fixed assets			$	51,474					$	51,410
Inventory			—						14,649
Goodwill and acquired intangibles			6,418						10,089
Mark-to-market hedges			1,403						3,903
Other			2,732						4,205
Total deferred tax liabilities			62,027						84,256
Net deferred tax liability			$	(1,664)					$	(33,105)

Schedule Of Valuation Allowance Activity

Valuation allowance activity for the years ended December 31, 2023, 2022 and 2021 is as follows:

			(Dollars in thousands)
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
Credited to income			(268)
Translation adjustment			(45)
Balance as of December 31, 2023			$	8,956

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits

			(Dollars in thousands)
Balance as of December 31, 2021			$	73
Lapse of statute of limitations			(40)
Foreign currency impact			3
Balance as of December 31, 2022			$	36
Lapse of statute of limitations			(36)
Foreign currency impact			—
Balance as of December 31, 2023			$	—

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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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