Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Schedule Of Income (Loss) Before Income Tax Expense

(Dollars in thousands)	2017		2016		2015
United States	$	(5,143)	$	(1,886)	$	3,826
Foreign		38,675		14,324		23,149
Income before income taxes and equity earnings of unconsolidated joint ventures	$	33,532	$	12,438	$	26,975
Equity earnings of unconsolidated joint ventures:
United States		--		--		--
Foreign		815		999		1,204
Income before income taxes	$	34,347	$	13,437	$	28,179

Schedule Of Significant Components Of Provision For Income Taxe

(Dollars in thousands)	2017		2016		2015
Current income tax expense (benefit)
Federal (1)	$	(7,846)	$	2,982	$	481
State		775		675		516
Foreign		7,079		4,685		3,120
Total		8		8,342		4,117
Deferred income tax expense (benefit)
Federal		3,654		(4,197)		612
State		(2,351)		(422)		(940)
Foreign		2,026		297		1,359
Total		3,329		(4,322)		1,031
Total income tax expense	$	3,337	$	4,020	$	5,148

⁽¹⁾ The 2017 amount includes a federal tax benefit of $7,785 related to changes in unrecognized tax benefits and related interest.

Schedule Of Components Of Deferred Tax Assets And Liabilities

(Dollars in thousands)	December 31, 2017 (1)		December 31, 2016
Deferred Tax Assets:
Net operating loss carry-forwards	$	8,579	$	11,940
Alternative minimum tax credit carry-forwards		939		1,690
Compensation and employee benefits		4,146		6,221
Deferred revenue		2,500		5,486
Accrued expenses		6,178		7,134
Accrued taxes		2,440		3,381
Land and property		8,457		12,857
Other		107		995
Total Deferred Tax Assets		33,346		49,704
Deferred Tax Liabilities:
Intangibles		(1,087)		(1,482)
Cancellation of indebtedness		(481)		(1,559)
Notes receivable		--		(7,403)
Total Deferred Tax Liabilities		(1,568)		(10,444)
Net deferred tax assets before valuation allowance		31,778		39,260
Valuation allowance		(6,870)		(10,593)
Net deferred tax asset	$	24,908	$	28,667

⁽¹⁾ We recorded an adjustment to our federal deferred income tax assets and liabilities as of December 31, 2017 to reflect the reduction in the U.S. statutory federal corporate income tax rate from 35% to 21% resulting from the Tax Act.

Schedule Of Income Tax Reconciliation Items

(Dollars in thousands)	2017		2016		2015
Expected tax provision	$	12,022	$	4,566	$	9,581
Increase (decrease) in tax expense resulting from:
Foreign tax rate differential		(2,153)		(648)		(654)
Change in valuation allowance		(905)		129		1,531
State and local tax provision		(541)		307		1,133
Prior year adjustments		(79)		(954)		(514)
Unrecognized tax benefits		(8,498)		262		946
Advance to Overseas Subsidiary		(7,620)		--		--
Impact of Tax Act		13,018		--		--
Non-taxable insurance proceeds		(1,871)		--		--
Indefinite reinvestment assertion		--		--		(3,089)
State rate and law change		--		--		(3,635)
Other		(36)		358		(151)
Actual tax provision	$	3,337	$	4,020	$	5,148

Summary Of The Activity Related To Unrecognized Tax Benefits

(Dollars in thousands)	2017		2016		2015
Unrecognized tax benefits – gross beginning balance	$	11,480	$	11,022	$	3,760
Gross increase (decrease) - prior year tax positions		(7,905)		133		6,679
Gross increase (decrease) - current period tax positions		--		325		583
Settlements		(452)		--		--
Unrecognized tax benefits – gross ending balance	$	3,123	$	11,480	$	11,022