Income Taxes (Tables)

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The following table presents components of income tax expense for the three months ended March 31, 2020 and 2019:

	Three months ended
	March 31,
(in thousands, except percentages)	2020	2019
Income tax based on income from continuing operations, at estimated tax rates of 36.5% and 29.4%, respectively	$7,309	$10,847
Income tax before discrete items	7,309	10,847
Discrete tax expense:
Exercise of U.S. stock options	-	(50)
Adjustments to prior period tax liabilities	(112)	194
Provision for/resolution of tax audits and contingencies, net	(244)	(2,232)
Out-of-period adjustments to deferred tax assets	1,830	(1,346)
Tax effect of non-deductible foreign exchange loss on intercompany loan	3,668	-
Other	3	63
Total income tax expense	$12,454	$7,476