Income Taxes (Tables)

9 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following table presents components of income tax expense for the three and nine months ended September 30, 2020 and 2019:

	Three months ended September 30,				Nine months ended September 30,
(in thousands, except percentages)	2020		2019		2020		2019
Income tax based on income from continuing operations, at estimated tax rates of 32.2% and 27.5%, respectively	$	12,666	$	14,662	$	34,550	$	38,256
Provision for change in estimated tax rate	(1,196)		(692)		—		—
Income tax before discrete items	11,470		13,970		34,550		38,256
Discrete tax expense:
Exercise of U.S. stock options	(7)		(55)		(7)		(111)
Adjustments to prior period tax liabilities	(1,750)		(160)		(983)		187
Provision for/resolution of tax audits and contingencies, net	(46)		(558)		(1,779)		(2,785)
Out-of-period adjustments to deferred tax assets	—		—		1,830		(1,366)
Tax effect of non-deductible foreign exchange loss on intercompany loan	3		—		3,658		—
Changes in valuation allowance	8		(11)		230		830
Other	8		8		5		64
Total income tax expense	$	9,686	$	13,194	$	37,504	$	35,075