Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Provision (benefit) for income taxes

The provision (benefit) for income taxes related to continuing operations was as follows:

	Year Ended December 31,
(In thousands)	2017			2016			2015
Current:
U.S. Federal	$	(236	)	$	(37,854	)	$	(32,272	)
State	561			20			(34		)
Foreign	10,301			10,440			11,411
Total current	10,626			(27,394		)	(20,895		)
Deferred:
U.S. Federal	(3,848		)	2,670			(2,624		)
State	(796		)	(181		)	179
Foreign	(1,089		)	863			1,942
Total deferred	(5,733		)	3,352			(503		)
Total income tax expense (benefit)	$	4,893		$	(24,042	)	$	(21,398	)

The total provision (benefit) was allocated to the following components of income (loss):

	Year Ended December 31,
(In thousands)	2017			2016			2015
Income (loss) from continuing operations	$	4,893		$	(24,042	)	$	(21,398	)
Loss from discontinued operations	(4,616		)	—			—
Total provision (benefit)	$	277		$	(24,042	)	$	(21,398	)

Income (loss) from continuing operations before income taxes

Income (loss) from continuing operations before income taxes was as follows:

	Year Ended December 31,
(In thousands)	2017			2016			2015
U.S.	$	(27,282	)	$	(76,805	)	$	(122,082	)
Foreign	43,394			12,051			9,856
Income (loss) from continuing operations before income taxes	$	16,112		$	(64,754	)	$	(112,226	)

Effective income tax rate

The effective income tax rate for continuing operations is reconciled to the statutory federal income tax rate as follows:

	Year Ended December 31,
	2017		2016		2015
Income tax expense (benefit) at federal statutory rate	35.0	%	(35.0	%)	(35.0	%)
Nondeductible expenses	16.2	%	2.8	%	2.8	%
Net impact of Tax Act	(22.3	%)	—		—
Worthless stock deduction - Brazil	—		(14.4	%)	—
Goodwill and other asset impairments	—		3.5	%	15.7	%
Manufacturing deduction	—		0.8	%	1.8	%
Different rates on earnings of foreign operations	(13.3	%)	(1.2	%)	(3.6	%)
Dividend taxes on unremitted earnings	9.3	%	2.2	%	1.4	%
Change in valuation allowance	1.5	%	6.9	%	2.8	%
Uncertain tax positions	—		—		(2.2	%)
State tax expense (benefit), net	(1.8	%)	(2.5	%)	(1.5	%)
Other items, net	5.8	%	(0.2	%)	(1.3	%)
Total income tax expense (benefit)	30.4	%	(37.1	%)	(19.1	%)

Schedule of deferred tax assets and liabilities

Temporary differences and carryforwards which give rise to deferred tax assets and liabilities at December 31 are as follows:

(In thousands)	2017			2016
Deferred tax assets:
Net operating losses	$	23,490		$	18,771
Capitalized inventory costs	4,581			12,378
Stock based compensation	3,793			6,955
Accruals not currently deductible	7,730			4,883
Unrealized foreign exchange losses, net	2,595			3,087
Foreign tax credits	9,262			3,269
Other	10,451			1,871
Total deferred tax assets	61,902			51,214
Valuation allowance	(30,154		)	(21,847		)
Total deferred tax assets, net of allowances	31,748			29,367
Deferred tax liabilities:
Accelerated depreciation and amortization	(34,265		)	(43,225		)
Original issue discount on 2021 Convertible Notes	(4,299		)	(8,553		)
Tax on unremitted earnings	(16,821		)	(8,555		)
Other	(3,190		)	(6,030		)
Total deferred tax liabilities	(58,575		)	(66,363		)
Total net deferred tax liabilities	$	(26,827	)	$	(36,996	)
Non-current deferred tax assets	$	4,753		$	1,747
Non-current deferred tax liabilities	(31,580		)	(38,743		)
Net deferred tax liabilities	$	(26,827	)	$	(36,996	)

Income tax contingencies

A reconciliation of the beginning and ending provision for uncertain tax positions is as follows: 

(In thousands)	2017			2016			2015
Balance at January 1	$	665		$	419		$	3,786
Additions (reductions) for tax positions of prior years	(399		)	477			(95		)
Additions (reductions) for tax positions of current year	—			—			—
Reductions for settlements with tax authorities	—			—			(575		)
Reductions for lapse of statute of limitations	(9		)	(231		)	(2,697		)
Balance at December 31	$	257		$	665		$	419