Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of income (loss) before income taxes

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

(amounts in thousands)	Year Ended December 31, 2018		Year Ended December 31, 2017		Year Ended December 31, 2016
Domestic	$	(32,982)	$	(1,118)	$	(111,056)
Foreign	4,582		20,101		12,516
Total	$	(28,400)	$	18,983	$	(98,540)

Schedule of significant components of income taxes

Significant components of income taxes are as follows:

(amounts in thousands)	Year Ended December 31, 2018		Year Ended December 31, 2017		Year Ended December 31, 2016
Currently payable:
Federal	$	(631)	$	1,323	$	—
State and Local	36		$	32	(1)
Foreign	1,281		$	6,581	(771)
Total currently payable	686		$	7,936	(772)
Deferred:
Federal	(2,404)		(14,801)		10,073
State and Local	(66)		256		(482)
Foreign	3,624		2,030		4,201
Total deferred	1,154		(12,515)		13,792
Provision (benefit) for income taxes	$	1,840	$	(4,579)	$	13,020

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:

(amounts in thousands)	Year Ended December 31, 2018		Year Ended December 31, 2017		Year Ended December 31, 2016
Tax at Statutory Rate	$	(5,962)	$	6,654	$	(34,490)
State income taxes, net of federal tax benefit	(54)		166		(313)
Effect of Foreign Items	834		2,101		(788)
Goodwill impairment	—		—		21,831
Valuation Allowance and unbenefited losses	6,018		18,452		28,466
U.S. valuation allowance release	—		(15,388)		—
Deferred Tax Rate Changes	240		(17,312)		—
Transaction Costs	531		470		—
Tax Incentives	(91)		(68)		(82)
Warrants	—		168		(1,722)
Other	324		178		118
Provision (benefit) for income taxes	$	1,840	$	(4,579)	$	13,020

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, 2018 and December 31, 2017 are as follows:

(amounts in thousands)	December 31, 2018		December 31, 2017
Deferred tax assets:
Pension and other retiree obligations	32		209
Inventory	507		89
Other accruals and reserves	2,856		2,370
Loss and credit carryforwards	14,535		10,932
Interest expense deduction limitation carryforward	2,769		—
Other	—		886
Valuation allowance	(16,367)		(13,061)
Deferred tax assets	4,332		1,425
Deferred tax liabilities:
Intangible assets other than goodwill	(22,443)		(21,753)
Property, plant and equipment	(2,582)		(1,548)
Unrealized foreign currency gains	(2,155)		(1,056)
Other	(52)		—
Deferred tax liabilities	(27,232)		(24,357)
Net deferred tax assets / (liabilities)	$	(22,900)	$	(22,932)

Summary of unrecognized tax benefits

(amounts in thousands)	Year Ended December 31, 2018		Year Ended December 31, 2017		Year Ended Year Ended December 31, 2016
Beginning Balance	$	2,884	$	—	$	—
Additions of tax positions of the current year	393		—		—
Additions to tax positions of the prior years	—		2,884		—
Reductions of tax positions of the prior years	(872)		—		—
Reductions related to prior tax positions due to foreign currency	(525)		—		—
Expiration of statutes of limitations	(1)		—		—
Ending Balance	$	1,879	$	2,884	$	—