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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule Of Income From Continuing Operations Before Income Taxes

Income (loss) before income taxes and income tax expense (benefit) are as follows:

(In thousands)			2023						2022						2021
Income (loss) before income taxes:
Domestic			$	(175,510)					$	3,259					$	22,774
Foreign			15,480						29,585						44,336
Total			$	(160,030)					$	32,844					$	67,110
Current income tax expense (benefit):
Federal			$	19					$	2					$	1,232
State			—						772						764
Foreign			1,954						3,071						13,521
Total			1,973						3,845						15,517
Deferred income tax expense (benefit):
Federal			(57,220)						24						(7,862)
State			(280)						(537)						125
Foreign			1,402						1,057						1,504
Total			(56,098)						544						(6,233)
Total income tax expense (benefit)			$	(54,125)					$	4,389					$	9,284

Summary Of Effective Income Tax Rate For Continuing Operations

			2023									2022									2021
(In thousands, except percentages)			Amount			%						Amount			%						Amount			%
Income tax expense (benefit) at federal statutory rate			$	(33,622)		21.0						$	6,882		21.0						$	14,116		21.0
Stranded taxes released with termination of pension			(21,912)			13.7						—			—						—			—
Changes in estimates related to prior year tax provision			(1,322)			0.8						(175)			(0.5)						(383)			(0.6)
Brazilian tax incentive			(876)			0.5						(3,873)			(11.8)						(7,019)			(10.4)
Research and development tax credit			(766)			0.5						(1,489)			(4.5)						(928)			(1.4)
Tax on Prodepe tax incentive			(488)			0.3						(1,024)			(3.1)						2,858			4.3
State taxes, net of federal income tax benefit			(437)			0.3						48			0.1						933			1.4
Foreign currency translation variation on intercompany loans			—			—						—			—						1,374			2.0
Dividend received deduction net of foreign withholding tax			—			—						—			—						(109)			(0.2)
Foreign derived intangible income deduction			—			—						(763)			(2.3)						—			—
Tax contingency accruals and tax settlements			1			—						88			0.3						202			0.3
Changes in federal valuation allowance			237			(0.1)						—			—						(5,415)			(8.1)
Non-deductible other			594			(0.4)						381			1.2						1,053			1.6
Foreign rate differences			1,746			(1.1)						2,924			8.9						8,269			12.3
U.S. tax on foreign branch income			2,720			(1.7)						1,390			4.1						(5,667)			(8.4)
Income tax expense (benefit) at effective income tax rate			$	(54,125)		33.8						$	4,389		13.4						$	9,284		13.8

Schedule Of Deferred Tax Liabilities And Assets

Deferred income tax assets and deferred income tax liabilities at December 31, 2023 and 2022, are as follows:

(In thousands)			2023						2022
Deferred income tax assets:
Pension and other postretirement obligations			$	—					$	7,535
Employee benefits			5,821						7,558
Basis difference in capital assets			2,131						2,098
Inventory			2,643						3,952
Asset write-offs, divestitures and environmental accruals			1,025						1,075
U.S. federal and state NOL and credit carryforwards			33,247						24,914
Capitalized R&D expenditures			6,543						4,874
Other			2,364						1,220
Lease liabilities			2,711						3,328
Interest expense limitation			2,592						—
Foreign currency translation gain adjustment			591						1,224
Deferred income tax assets before valuation allowance			59,668						57,778
Less: Valuation allowance			15,078						13,807
Total deferred income tax assets			44,590						43,971
Deferred income tax liabilities:
Goodwill and identifiable intangibles			$	3,392					$	10,533
Property, plant and equipment			10,330						14,950
Foregone tax credits on foreign branch income			1,880						719
Right-of-use leased assets			2,409						3,147
Other			1,545						722
Total deferred income tax liabilities			19,556						30,071
Net deferred income tax assets (liabilities)			$	25,034					$	13,900
Amounts recognized in the consolidated balance sheets:
Deferred income tax assets (noncurrent)			$	25,034					$	13,900
Deferred income tax liabilities (noncurrent)			—						—
Net deferred income tax assets (liabilities)			$	25,034					$	13,900

Schedule Of Unrecognized Uncertain Tax Positions

A reconciliation of the Company’s unrecognized uncertain tax positions since January 1, 2021, is shown below:

			Years Ended December 31,
(In thousands)			2023						2022						2021
Balance at beginning of period			$	628					$	648					$	628
Increase (decrease) due to tax positions taken in:
Current period			25						2						—
Prior period			23						44						40
Reductions due to lapse of statute of limitations			(17)						(66)						(20)
Balance at end of period			$	659					$	628					$	648

Schedule Of Additional Information Related To Unrecognized Uncertain Tax Positions

Additional information related to unrecognized uncertain tax positions since January 1, 2021 is summarized below:

			Years Ended December 31,
(In thousands)			2023						2022						2021
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)			$	659					$	628					$	648
Deferred income tax assets related to unrecognized tax benefits on uncertain tax positions (reflected in deferred income tax accounts in the balance sheet)			98						143						48
Net unrecognized tax benefits on uncertain tax positions, which would impact the effective tax rate if recognized			757						771						696
Interest and penalties accrued on deductions taken relating to uncertain tax positions (approximately $20, $16 and $26 reflected in income tax expense in the income statement in 2023, 2022 and 2021, respectively, with the balance shown in current income tax and other noncurrent liability accounts in the balance sheet)			169						149						133
Related deferred income tax assets recognized on interest and penalties			(39)						(34)						(31)
Interest and penalties accrued on uncertain tax positions net of related deferred income tax benefits, which would impact the effective tax rate if recognized			130						115						102
Total net unrecognized tax benefits on uncertain tax positions reflected in the balance sheet, which would impact the effective tax rate if recognized			$	887					$	886					$	798

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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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