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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Taxes on Income Before Equity in Net Income
Taxes on income before equity in net income of associated companies for the years ended December 31, 2025, 2024 and 2023 are as follows:
202520242023
Current:
Federal$9,373 $15,276 $12,159 
State2,106 2,395 2,938 
Foreign43,556 41,662 51,930 
Total55,035 59,333 67,027 
Deferred:
Federal(11,411)(4,385)518 
State(310)(24)(163)
Foreign(18,707)(5,624)(11,797)
Total$(30,428)$(10,033)$(11,442)
Taxes on income before equity in net income of associated companies
$24,607 $49,300 $55,585 
Schedule of Components of Income Before Taxes
The components of income before taxes and equity of associated companies for the years ended December 31, 2025, 2024 and 2023 are as follows:
202520242023
U.S.$(11,519)$17,167 $14,520 
Foreign18,548 137,891 138,604 
Total$7,029 $155,058 $153,124 
Schedule of Deferred Tax Assets and Liabilities
Total deferred tax assets and liabilities are composed of the following as of December 31, 2025 and 2024:
20252024
Pension and other postretirement benefits$4,426 $5,472 
Allowance for credit losses2,232 1,895 
Insurance and litigation reserves614 565 
Performance incentives5,291 5,582 
Equity-based compensation3,634 2,891 
Prepaid expense458 426 
Operating loss carryforward32,065 24,702 
Foreign tax credit and other credits23,516 19,516 
Interest22,786 16,423 
Restructuring reserves2,230 158 
Right-of-use lease assets8,790 7,629 
Inventory reserves3,596 2,423 
Research and development14,036 12,608 
Other3,242 1,261 
Total deferred tax assets, gross126,916 101,551 
Valuation allowance(33,376)(27,993)
Total deferred tax assets, net$93,540 $73,558 
Depreciation14,095 9,814 
Intangibles185,501 170,309 
Lease liabilities9,661 8,575 
Outside basis in equity investment4,500 6,080 
Unremitted earnings8,469 8,392 
Total deferred tax liabilities$222,226 $203,170 
Total net deferred tax liabilities$(128,686)$(129,612)
Schedule of Classification of Net Deferred Tax Assets and Liabilities
The Company’s net deferred tax assets and liabilities are classified in the Consolidated Balance Sheets as of December 31, 2025 and 2024 as follows:
20252024
Non-current deferred tax assets$12,128 $9,216 
Non-current deferred tax liabilities140,814 138,828 
Total net deferred tax liabilities$(128,686)$(129,612)
Schedule of Changes in Deferred Tax Asset Valuation Allowance
The following are the changes in the Company’s deferred tax asset valuation allowance for the years ended December 31, 2025, 2024 and 2023:
202520242023
Balance at January 1,$27,993 $24,182 $11,730 
   Net charges to income tax expense$5,281 $5,693 $14,393 
   Release of valuation allowance$(1,228)$(1,882)$(1,941)
Purchase accounting adjustments$1,330 $— $— 
Balance at December 31,$33,376 $27,993 $24,182 
Schedule of Payments for Income Taxes, Net
Payments for income taxes including withholding taxes, net for the year ended December 31, 2025 are as follows ($ in thousands):
2025
U.S. Federal$7,163 
U.S. State (1)
2,090 
Foreign
Brazil11,592 
China15,040 
India3,422 
Mexico9,149 
Other 11,255 
Total income taxes paid, net$59,711 
(1) During the year ended December 31, 2025, there were no individual state jurisdictions with cash taxes paid that equaled or exceeded 5% of total income taxes paid.
Schedule of Reconciliation of Income Taxes
The following is a reconciliation of income taxes at the Federal statutory rate with income taxes recorded by the Company for the year ended December 31, 2025:
2025
Total%
Income tax provision at the Federal statutory tax rate1,476 21.0 %
State and local income taxes, net of federal (1)
1,351 $—19.2 %
Effect of cross-border tax laws
Global Intangible Low-Taxed Income (GILTI), net of FTC's2,100 29.9 %
Foreign-Derived Intangible Income (FDII)(1,180)(16.8)%
Foreign branch income, net of FTC's(5,060)(72.0)%
Subpart F income, net of FTC's182 2.6 %
Other Cross-Border Tax 224 3.2 %
Tax Credits
R&D(566)(8.1)%
Changes in valuation allowances3,480 49.5 %
Nontaxable or nondeductible items
Share-based compensation1,642 23.4 %
Other nontaxable or nondeductible items254 3.6 %
Other adjustments
Other(852)(12.1)%
Change in unrecognized tax benefits(5,708)(81.2)%
Foreign tax effects:
Brazil
Statutory income tax rate differential2,949 42.0 %
Other(198)(2.8)%
China
Withholding taxes4,100 58.3 %
R&D deduction(1,402)(19.9)%
Other266 3.8 %
France
Non-deductible impairment3,197 45.5 %
Other(229)(3.3)%
Germany
Non-deductible impairment5,257 74.8 %
Other(835)(11.9)%
Korea
Withholding taxes1,760 25.0 %
Malta
Statutory income tax rate differential(3,166)(45.0)%
Other1,009 14.4 %
Mexico
Statutory income tax rate differential1,896 27.0 %
Other599 8.5 %
Netherlands
Other2,060 29.3 %
Spain
Non-deductible impairment1,605 22.8 %
Other141 2.0 %
United Kingdom
Non-deductible impairment2,451 34.9 %
Other3 — %
Other foreign jurisdictions5,801 82.5 %
Effective Tax Rate$24,607 350.1 %
(1) During the year ended December 31, 2025, state taxes in Indiana, Pennsylvania, and Michigan comprised greater than 50% of the tax effect in this category.
The following is a reconciliation of income taxes at the Federal statutory rate with income taxes recorded by the Company for the years ended December 31, 2024 and 2023:
20242023
Income tax provision at the Federal statutory tax rate$32,562 $32,156 
Unremitted earnings(30)1,211 
Tax law changes / reform(37)47 
U.S. tax on foreign operations9,625 9,014 
Foreign derived intangible income(1,336)(1,147)
Withholding taxes8,418 11,193 
FTC's(6,898)(3,432)
Share-based compensation2,345 1,814 
Foreign tax rate differential1,315 4,731 
Research and development credit(1,902)(2,000)
Audit settlements— 456 
Uncertain tax positions(2,372)(598)
State income tax provisions, net1,905 2,158 
Non-deductible expenses341 416 
Intercompany transfer of intangible assets2,295 (584)
Goodwill impairment— — 
Provision to return and other adjustments2,655 (930)
Miscellaneous items, net414 1,080 
Taxes on income before equity in net income of associated companies$49,300 $55,585 
Schedule of Reconciliation of Uncertain Tax Positions
A reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended December 31, 2025, 2024 and 2023, respectively, is as follows:
202520242023
Unrecognized tax benefits as of January 1$13,949 $15,659 $16,340 
Decrease in unrecognized tax benefits taken in prior periods(1,351)(88)(147)
Increase in unrecognized tax benefits taken in current period4,011 2,684 1,799 
Decrease in unrecognized tax benefits due to lapse of statute of limitations(4,954)(3,559)(2,736)
Decrease in unrecognized tax benefits due to audit settlements(506)— — 
Increase (decrease) due to foreign exchange rates1,230 (747)403 
Unrecognized tax benefits as of December 31$12,379 $13,949 $15,659 
Schedule of Income Tax Examinations Tax years that remain subject to examination by major tax jurisdictions are shown in the table below:
JurisdictionOpen Years
Brazil2020-2025
China2020-2025
Germany2019-2025
India2020-2025
Italy2019-2025
Mexico2020-2025
Netherlands2020-2025
Spain2019-2025
U.S. Federal and State2020-2025
United Kingdom2021-2025