Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Provision (benefit) for income taxes

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

	Year Ended December 31,
(In thousands)	2018		2017			2016
Income (loss) from continuing operations	$	14,997	$	4,893		$	(24,042	)
Loss from discontinued operations	—		(4,616		)	—
Total provision (benefit)	$	14,997	$	277		$	(24,042	)

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

	Year Ended December 31,
(In thousands)	2018			2017			2016
Current:
U.S. Federal	$	805		$	(236	)	$	(37,854	)
State	1,384			561			20
Foreign	12,572			10,301			10,440
Total current	14,761			10,626			(27,394		)
Deferred:
U.S. Federal	(331		)	(3,848		)	2,670
State	66			(796		)	(181		)
Foreign	501			(1,089		)	863
Total deferred	236			(5,733		)	3,352
Total income tax expense (benefit)	$	14,997		$	4,893		$	(24,042	)

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)	2018		2017			2016
U.S.	$	4,084	$	(27,282	)	$	(76,805	)
Foreign	43,194		43,394			12,051
Income (loss) from continuing operations before income taxes	$	47,278	$	16,112		$	(64,754	)

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,
	2018		2017		2016
Income tax expense (benefit) at federal statutory rate	21.0	%	35.0	%	(35.0	%)
Nondeductible executive compensation	2.5	%	4.8	%	0.3	%
Other nondeductible expenses	2.6	%	8.5	%	2.5	%
Stock-based compensation	(1.7	%)	2.9	%	—
Different rates on earnings of foreign operations	1.9	%	(13.3	%)	(1.2	%)
Dividend taxes on unremitted earnings	6.4	%	9.3	%	2.2	%
U.S. tax on foreign earnings	0.7	%	—		—
Change in valuation allowance	(1.7	%)	1.5	%	6.9	%
State tax expense (benefit), net	2.7	%	(1.8	%)	(2.5	%)
Net impact of Tax Act	(3.4	%)	(22.3	%)	—
Worthless stock deduction - Brazil	—		—		(14.4	%)
Goodwill and other asset impairments	—		—		3.5	%
Manufacturing deduction	—		—		0.8	%
Other items, net	0.7	%	5.8	%	(0.2	%)
Total income tax expense (benefit)	31.7	%	30.4	%	(37.1	%)

Schedule of deferred tax assets and liabilities

Temporary differences and carryforwards which give rise to deferred tax assets and liabilities consisted of the following at December 31:

(In thousands)	2018			2017
Deferred tax assets:
Net operating losses	$	14,054		$	23,490
Foreign tax credits	7,304			9,262
Accruals not currently deductible	3,209			7,730
Unrealized foreign exchange losses, net	3,575			2,595
Stock-based compensation	3,266			3,793
Capitalized inventory costs	1,972			4,581
Alternative minimum tax carryforwards	2,198			1,626
Other	6,631			8,825
Total deferred tax assets	42,209			61,902
Valuation allowance	(23,842		)	(30,154		)
Total deferred tax assets, net of allowances	18,367			31,748
Deferred tax liabilities:
Accelerated depreciation and amortization	(29,656		)	(34,265		)
Tax on unremitted earnings	(16,174		)	(16,821		)
Original issue discount on 2021 Convertible Notes	(3,347		)	(4,299		)
Other	(2,160		)	(3,190		)
Total deferred tax liabilities	(51,337		)	(58,575		)
Total net deferred tax liabilities	$	(32,970	)	$	(26,827	)
Noncurrent deferred tax assets	$	4,516		$	4,753
Noncurrent deferred tax liabilities	(37,486		)	(31,580		)
Net deferred tax liabilities	$	(32,970	)	$	(26,827	)

Income tax contingencies

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

(In thousands)	2018			2017			2016
Balance at January 1	$	257		$	665		$	419
Additions (reductions) for tax positions of prior years	(3		)	(399		)	477
Additions (reductions) for tax positions of current year	—			—			—
Reductions for settlements with tax authorities	—			—			—
Reductions for lapse of statute of limitations	(31		)	(9		)	(231		)
Balance at December 31	$	223		$	257		$	665