Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of income (loss) before income taxes

(Loss) income before income taxes consists of the following components:

	Successor									Predecessor
(amounts in thousands)	Year Ended December 31, 2017			Year Ended December 31, 2016			August 1, 2015  Through  December 31, 2015			January 1, 2015  Through  July 31, 2015
Domestic	$	(1,118	)	$	(111,056	)	$	(34,139	)	$	29,053
Foreign	20,101			12,516			470			(32,261		)
Total	$	18,983		$	(98,540	)	$	(33,669	)	$	(3,208	)

Schedule of significant components of income taxes

Significant components of income taxes are as follows:

	Successor									Predecessor
(amounts in thousands)	Year Ended December 31, 2017			Year Ended December 31, 2016			August 1, 2015  Through  December 31, 2015			January 1, 2015  Through  July 31, 2015
Currently payable:
Federal	$	1,323		$	—		$	—		$	14,370
State and Local	32			(1		)	8			305
Foreign	6,581			(771		)	646			392
Total currently payable	7,936			(772		)	654			15,067
Deferred:
Federal	(14,801		)	10,073			(18,308		)	(4,115		)
State and Local	256			(482		)	(789		)	(57		)
Foreign	2,030			4,201			(789		)	(46		)
Total deferred	(12,515		)	13,792			(19,886		)	(4,218		)
Provision (benefit) for income taxes	$	(4,579	)	$	13,020		$	(19,232	)	$	10,849

Schedule of reconciliation of income tax expense at the U.S. Federal statutory income tax rate to actual income tax provision

A reconciliation of income tax expense at the U.S. Federal statutory income tax rate to actual income tax provision is as follows:

	Successor									Predecessor
(amounts in thousands)	Year Ended December 31, 2017			Year Ended December 31, 2016			August 1, 2015  Through  December 31, 2015			January 1, 2015  Through  July 31, 2015
Tax at Statutory Rate	$	6,654		$	(34,490	)	$	(11,785	)	$	(1,123	)
State income taxes, net of federal tax benefit	166			(313		)	(508		)	141
Effect of Foreign Items	2,101			(788		)	(411		)	2,315
Goodwill impairment	—			21,831			—			—
Valuation Allowance and unbenefited losses	18,452			28,466			(2,004		)	9,321
U.S. valuation allowance release	(15,388		)	—			—			—
Deferred Tax Rate Changes	(17,312		)	—			—			—
Transaction Costs	470			—			—			—
Tax Incentives	(68		)	(82		)	(34		)	—
Warrants	168			(1,722		)	(4,557		)	—
Other	178			118			67			195
Provision (benefit) for income taxes	$	(4,579	)	$	13,020		$	(19,232	)	$	10,849

Schedule of significant components of the Company's deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities at December 31, 2017 and December 31, 2016 are as follows:

(amounts in thousands)	December 31, 2017			December 31, 2016
Deferred tax assets:
Intangible assets other than goodwill	$	—		$	5,208
Pension and other retiree obligations	209			547
Inventory	89			46
Other accruals and reserves	2,370			2,546
Loss and credit carryforwards	10,932			27,682
Other	886			952
Valuation allowance	(13,061		)	(27,732		)
Deferred tax assets	1,425			9,249
Deferred tax liabilities:
Intangible assets other than goodwill	(21,753		)	—
Property, plant and equipment	(2,604		)	(790		)
Deferred tax liabilities	(24,357		)	(790		)
Net deferred tax assets / (liabilities)	$	(22,932	)	$	8,459

Summary of unrecognized tax benefits

	Successor						Predecessor
(amounts in thousands)	Year Ended December 31, 2017		Year Ended December 31, 2016		August 1, 2015  Through  December 31, 2015		January 1, 2015  Through  July 31, 2015
Beginning Balance	$	—	$	—	$	—	$	—
Additions of tax positions of the current year	—		—		—		—
Additions to tax positions of the prior years	2,884		—		—		—
Reductions of tax positions of the prior years	—		—		—		—
Settlements with taxing authorities	—		—		—		—
Expiration of statutes of limitations	—		—		—		—
Provision (benefit) for income taxes	2,884		—		—		—