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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule Of Income From Continuing Operations Before Income Taxes

Income (loss) from continuing operations before income taxes and income tax expense (benefit) for continuing operations are as follows:

(In thousands)			2020						2019						2018
Income (loss) from continuing operations before income taxes:
Domestic			$	(58,033)					$	52,536					$	67,806
Foreign			32,987						19,470						12,565
Total			$	(25,046)					$	72,006					$	80,371
Current income tax expense (benefit):
Federal			$	4,777					$	7,551					$	30
State			136						1,558						766
Foreign			2,374						579						771
Total			7,287						9,688						1,567
Deferred income tax expense (benefit):
Federal			(18,191)						15,298						16,264
State			(640)						187						948
Foreign			3,331						(11,628)						28
Total			(15,500)						3,857						17,240
Total income tax expense (benefit)			$	(8,213)					$	13,545					$	18,807

Summary Of Effective Income Tax Rate For Continuing Operations

			2020									2019									2018
(In thousands, except percentages)			Amount			%						Amount			%						Amount			%
Foreign rate differences			$	3,753		(14.9)						$	1,533		1.9						$	1,576		2.1
U.S. tax on foreign branch income			1,409			(5.6)						16,029			22.3						2,229			2.8
Non-deductible expenses			219			(0.9)						285			0.4						99			0.1
Valuation allowance for capital loss carryforwards			52			(0.2)						60			0.1						553			0.7
Unremitted earnings from foreign operations			13			(0.1)						60			0.1						126			0.2
Foreign derived intangible income deduction			—			—						(319)			(0.4)						(695)			(0.9)
Valuation allowance due to foreign losses and impairments			—			—						(14,350)			(19.9)						(2,162)			(2.7)
Stock-based compensation			(24)			0.1						292			0.4						177			0.2
Dividend received deduction net of foreign withholding tax			(52)			0.2						(1,016)			(1.4)						—			—
Tax contingency accruals and tax settlements			(58)			0.2						(2,543)			(3.5)						673			0.8
State taxes, net of federal income tax benefit			(373)			1.5						1,050			1.5						1,203			1.5
Research and development tax credit			(633)			2.5						(523)			(0.7)						(130)			(0.2)
Changes in estimates related to prior year tax provision			(2,472)			9.9						(135)			(0.2)						(380)			(0.5)
Brazilian tax incentive			(4,787)			19.1						(1,999)			(2.8)						(1,340)			(1.7)
Income tax expense (benefit) at federal statutory rate			(5,260)			21.0						15,121			21.0						16,878			21.0
Income tax expense (benefit) at effective income tax rate			$	(8,213)		32.8						$	13,545		18.8						$	18,807		23.4

Schedule Of Deferred Tax Liabilities And Assets

liabilities and deferred income tax assets for continuing operations at December 31, 2020 and 2019, are as follows:

(In thousands)			2020						2019
Deferred income tax liabilities:
Amortization of goodwill and identifiable intangibles			$	9,520					$	12,080
Depreciation			10,844						7,395
Foregone tax credits on foreign branch income			5,714						12,361
Excess of carrying value over tax basis of investment in kaléo			4,905						17,504
Derivative financial instruments			659						—
Right-of-use leased assets			2,979						751
Other			285						488
Total deferred income tax liabilities			34,906						50,579
Deferred income tax assets:
Pensions			25,576						21,025
Employee benefits			9,757						7,963
Excess capital losses			7,462						1,551
Inventory			2,613						3,759
Asset write-offs, divestitures and environmental accruals			2,904						1,355
Tax benefit on U.S. federal, state and foreign NOL and credit carryforwards			18,305						17,992
Timing adjustment for unrecognized tax benefits on uncertain tax positions, including portion relating to interest and penalties			134						187
Allowance for doubtful accounts			141						383
Lease liabilities			3,144						967
Derivative financial instruments			—						345
Foreign currency translation gain adjustment			1,423						255
Deferred income tax assets before valuation allowance			71,459						55,782
Less: Valuation allowance			17,485						3,787
Total deferred income tax assets			53,974						51,995
Net deferred income tax (assets) liabilities			$	(19,068)					$	(1,416)
Amounts recognized in the consolidated balance sheets:
Deferred income tax assets (noncurrent)			$	19,068					$	12,435
Deferred income tax liabilities (noncurrent)			—						11,019
Net deferred income tax assets (liabilities)			$	19,068					$	1,416

Schedule Of Unrecognized Uncertain Tax Positions

A reconciliation of the Company’s unrecognized uncertain tax positions since January 1, 2018, is shown below:

			Years Ended December 31,
(In thousands)			2020						2019						2018
Balance at beginning of period			$	881					$	3,361					$	1,962
Increase (decrease) due to tax positions taken in:
Current period			12						12						13
Prior period			—						49						1,430
Increase (decrease) due to settlements with taxing authorities			(265)						(151)						—
Reductions due to lapse of statute of limitations			—						(2,390)						(44)
Balance at end of period			$	628					$	881					$	3,361

Schedule Of Additional Information Related To Unrecognized Uncertain Tax Positions

Additional information related to unrecognized uncertain tax positions since January 1, 2018 is summarized below:

			Years Ended December 31,
(In thousands)			2020						2019						2018
Gross unrecognized tax benefits on uncertain tax positions (reflected in current income tax, other noncurrent liability accounts, or deferred tax assets in the balance sheet)			$	628					$	881					$	3,361
Deferred income tax assets related to unrecognized tax benefits on uncertain tax positions (reflected in deferred income tax accounts in the balance sheet)			(110)						(163)						(211)
Net unrecognized tax benefits on uncertain tax positions, which would impact the effective tax rate if recognized			518						718						3,150
Interest and penalties accrued on deductions taken relating to uncertain tax positions (approximately $2, $(144) and $107 reflected in income tax expense in the income statement in 2020, 2019 and 2018, respectively, with the balance shown in current income tax and other noncurrent liability accounts in the balance sheet)			102						100						243
Related deferred income tax assets recognized on interest and penalties			(24)						(23)						(56)
Interest and penalties accrued on uncertain tax positions net of related deferred income tax benefits, which would impact the effective tax rate if recognized			78						77						187
Total net unrecognized tax benefits on uncertain tax positions reflected in the balance sheet, which would impact the effective tax rate if recognized			$	596					$	795					$	3,337

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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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