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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Loss from Continuing Operations Before Benefit for Income Taxes | Loss from continuing operations before benefit for income taxes was as follows:
|  | Year ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Income / (Loss) from continuing operations before expense / (benefit) for income taxes and share of net income from joint venture |  |  |  |  |  |  |  |  |  |  |  |
United States |  |  | (71,603 | ) |  |  | (39,160 | ) |  |  | (50,831 | )
Foreign |  |  | 12,730 |  |  |  | 8,294 |  |  |  | 1,613 |
Total |  |  | (58,873 | ) |  |  | (30,866 | ) |  |  | (49,218 | )
Income Tax Benefit | Total income tax benefit was as follows:
|  | Year ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Tax Expense: |  |  |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | (47,916 | ) |  |  | (2,595 | ) |  |  | (2,228 | )
State |  |  | (12,226 | ) |  |  | 679 |  |  |  | 189 |
Foreign |  |  | 4,310 |  |  |  | 2,004 |  |  |  | 1,340 |
Total current expense |  |  | (55,832 | ) |  |  | 88 |  |  |  | (699 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | (25,017 | ) |  |  | (9,679 | ) |  |  | (16,007 | )
State |  |  | 3,009 |  |  |  | (6,406 | ) |  |  | (1,913 | )
Deferred tax valuation allowance |  |  | 710 |  |  |  | 1,882 |  |  |  | — |
Foreign |  |  | (1,896 | ) |  |  | (1,323 | ) |  |  | (1,223 | )
Total deferred expense (benefit) |  |  | (23,194 | ) |  |  | (15,526 | ) |  |  | (19,143 | )
Total expense (benefit) |  |  | (79,026 | ) |  |  | (15,438 | ) |  |  | (19,842 | )
Reconciliation of Income Taxes Based on U.S. Federal Statutory Rate | A reconciliation of income taxes based on the U.S. federal statutory rate is summarized as follows:
|  | Year ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Rate Rec: Percentages |  |  |  |  |  |  |  |  |  |  |  |
Income taxes at the federal statutory rate |  |  | 35.0 | % |  |  | 34.0 | % |  |  | 34.0 | %
Change in valuation allowance |  |  | -1.2 | % |  |  | -6.1 | % |  |  | 0.0 | %
Foreign tax credits, exclusive of tax reform |  |  | -13.8 | % |  |  | 8.2 | % |  |  | 2.7 | %
State taxes, net of federal taxes, exclusive of tax reform |  |  | 9.1 | % |  |  | 5.7 | % |  |  | 3.6 | %
Non-U.S. earnings taxed at different rates |  |  | 1.7 | % |  |  | 4.8 | % |  |  | 3.2 | %
Non-deductible mergers and acquisitions costs |  |  | 0.0 | % |  |  | 0.0 | % |  |  | -2.6 | %
R&D Tax credit |  |  | 0.3 | % |  |  | 0.9 | % |  |  | 1.3 | %
Change in uncertain tax positions |  |  | -0.4 | % |  |  | 3.2 | % |  |  | 0.0 | %
Impact of Tax Reform |  |  |  |  |  |  |  |  |  |  |  |
Toll Charge, net of foreign tax credit |  |  | -11.5 | % |  |  | 0.0 | % |  |  | 0.0 | %
Remeasurement of deferred taxes pursuant to tax reform |  |  | 65.6 | % |  |  | 0.0 | % |  |  | 0.0 | %
Tax Reform impact on divestiture of business segment |  |  | 33.9 | % |  |  | 0.0 | % |  |  | 0.0 | %
Section 199/Domestic Production Deduction |  |  | 0.8 | % |  |  | 0.0 | % |  |  | 0.0 | %
Divestiture of Business Segment, exclusive of tax reform |  |  | 13.6 | % |  |  | 0.0 | % |  |  | 0.0 | %
Prior period revisions |  |  | 0.5 | % |  |  | 4.2 | % |  |  | 1.8 | %
Foreign JV Net Income |  |  | 0.0 | % |  |  | -4.1 | % |  |  | -2.3 | %
Other adjustments, net |  |  | 0.7 | % |  |  | -0.8 | % |  |  | -1.3 | %
|  |  | 134.2 | % |  |  | 50.0 | % |  |  | 40.3 | %
Principal Components of Deferred Tax Assets and Liabilities | The principal components of the deferred tax assets and liabilities are as follows:
Summary of Deferred’s |  |  |  |  |  |  |  |  |  |  |  |
Deferred income tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Tax in excess of book depreciation |  |  | 34,143 |  |  |  | 40,389 |  |  |  | 39,447 |
Goodwill |  |  | 58 |  |  |  | 23 |  |  |  | — |
Intangible assets |  |  | 50,688 |  |  |  | 86,492 |  |  |  | 91,947 |
Other deferred tax liabilities |  |  | 389 |  |  |  | 720 |  |  |  | (0 | )
Total deferred income tax liabilities |  |  | 85,278 |  |  |  | 127,624 |  |  |  | 131,394 |
Deferred income tax assets: |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 2,067 |  |  |  | 1,165 |  |  |  | 1,697 |
Inventories |  |  | 2,248 |  |  |  | 740 |  |  |  | 4,370 |
Pension/Personnel accruals |  |  | 1,596 |  |  |  | 1,395 |  |  |  | 2,669 |
Net operating loss carry forwards |  |  | 6,950 |  |  |  | 10,297 |  |  |  | 6,289 |
Foreign tax credits |  |  | — |  |  |  | 5,759 |  |  |  | 3,242 |
Guarantee claim deduction |  |  | — |  |  |  | 414 |  |  |  | 1,141 |
Credit carry forwards |  |  | 3,427 |  |  |  | 4,581 |  |  |  | 4,958 |
Accruals and reserves |  |  | 2,015 |  |  |  | 1,151 |  |  |  | 0 |
Other deferred tax assets |  |  | 3,019 |  |  |  | 10,193 |  |  |  | 2,084 |
Deferred income tax assets before Valuation Allowance |  |  | 21,322 |  |  |  | 35,695 |  |  |  | 26,451 |
Valuation allowance on deferred tax assets |  |  | (7,608 | ) |  |  | (4,090 | ) |  |  | (2,376 | )
Total deferred income tax assets |  |  | 13,714 |  |  |  | 31,605 |  |  |  | 24,075 |
Net deferred income tax liabilities (1) |  |  | 71,564 |  |  |  | 96,019 |  |  |  | 107,319 |
(1) | In accordance with the U.S. Tax Cuts and Jobs Act of 2017, our ending domestic deferred balances have been remeasured to 21% for the year ended December 31, 2017.
Summary of Activity in Total Valuation Allowances | The following table summarizes our total valuation allowances:
|  | Balance at Beginning of Year |  |  | Additions |  |  | Recoveries |  |  | Reprice |  |  | Balance at End of Year |
Year ended December 31, 2017 |  | $ | 4,090 |  |  | $ | 3,518 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,608 |
Year ended December 31, 2016 |  | $ | 2,376 |  |  | $ | 1,882 |  |  | $ | (168 | ) |  | $ | — |  |  | $ | 4,090 |
Year ended December 31, 2015 |  | $ | — |  |  | $ | 2,376 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,376 |
Summary of Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits, Excluding Interest and Penalties | A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding interest and penalties, is as follows:
|  | Year Ended December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Beginning balance |  | $ | 4,741 |  |  | $ | 5,724 |  |  | $ | 3,834 |
Additions for tax positions of prior years |  |  | 1,404 |  |  |  | 179 |  |  |  | 2,516 |
Reductions for tax positions of prior years |  |  | (490 | ) |  |  | (1,162 | ) |  |  | (626 | )
Ending balance |  | $ | 5,655 |  |  | $ | 4,741 |  |  | $ | 5,724 |

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