Income Taxes (Tables)

6 Months Ended

Jun. 30, 2021

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 six months ended June 30, 2021 and 2020:

	Three months ended June 30,				Six months ended June 30,
(in thousands, except percentages)	2021		2020		2021		2020
Income tax based on income from continuing operations (1)	$	13,251	$	16,262	$	24,583	$	23,571
Provision for change in estimated tax rate	(218)		(490)		(218)		(490)
Income tax before discrete items	13,033		15,772		24,365		23,081
Discrete tax expense:
Exercise of U.S. stock options	(14)		—		(156)		—
Adjustments to prior period tax liabilities	22		879		(1,421)		767
Revaluation of deferred tax assets due to tax rate change	352		—		352		—
Provision for/resolution of tax audits and contingencies, net	—		(1,489)		278		(1,733)
Write-off of net operating losses related to tax audit	—		—		—		1,830
Tax effect of non-deductible foreign exchange loss on intercompany loan	—		(13)		—		3,656
Creation of valuation allowance	—		222		—		222
Other	53		(7)		68		(5)
Total income tax expense	$	13,446	$	15,364	$	23,486	$	27,818
(1) Calculated at estimated tax rates of 29.5% and 34.0%, respectively