Income Taxes (Tables)

9 Months Ended

Sep. 30, 2014

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense

The following table presents components of income tax expense/(benefit) for the three and nine months ended September 30, 2014 and 2013:
 

		Three months ended September 30,								Nine months ended September 30,
(in thousands)	2014				2013				2014			2013
Income tax based on income from continuing operations, at estimated tax rates of 34.9% and 41.0%, respectively		$	6,470			$	2,902			$	19,226		$	6,382
Provision for change in estimated tax rates			(243	)			170				-			-
Income tax before discrete items			6,227				3,072				19,226			6,382
Discrete tax expense/(benefit):
Provision for/adjustment to beginning of year valuation allowances			-				-				437			-
Provision for/resolution of tax audits and contingencies, net			330				-				1,310			425
Adjustments to prior period tax liabilities			205				(818	)			459			(734	)
Enacted legislation change			-				(269	)			-			(269	)
Repatriation of non-U.S. prior years' earnings			-				396				-			582
Other discrete tax adjustments, net			-				-				3			-
Total income tax expense/(benefit)		$	6,762			$	2,381			$	21,435		$	6,386