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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Provision Income tax provision (benefit) applicable to continuing operations consists of the following:
 
Year ended December 31,
(in thousands)
2018
 
2017
 
2016
Current:
 
 
 
 
 
  Federal
$
(549
)
 
$
(1,668
)
 
$
(702
)
  State and local
323

 
643

 
199

  Foreign
1,138

 
1,125

 
1,385

 
$
912

 
$
100

 
$
882

 
 
 
 
 
 
Deferred:
 
 
 
 
 
  Federal
$
10,073

 
$
(61,655
)
 
$
3,523

  State and local
578

 
(2,107
)
 
1,696

  Foreign
367

 
528

 
810

 
$
11,018

 
$
(63,234
)
 
$
6,029

 
 
 
 
 
 
Total:
 
 
 
 
 
  Federal
$
9,525

 
$
(63,323
)
 
$
2,821

  State and local
901

 
(1,464
)
 
1,895

  Foreign
1,505

 
1,653

 
2,195

 
$
11,931

 
$
(63,134
)
 
$
6,911
Components of Income Before Income Taxes Income (loss) before income taxes from continuing operations consists of the following:
 
Year ended December 31,
(in thousands)
2018
 
2017
 
2016
  U.S.
$
46,678

 
$
(25,645
)
 
$
11,526

  Foreign
6,478

 
5,120

 
9,855

 
$
53,156

 
$
(20,525
)
 
$
21,381
Schedule of Effective Tax Rate Reconciliation A reconciliation from the statutory U.S. federal tax rate to the effective tax rate follows:
 
Year ended December 31,
 
2018
 
2017
 
2016
Statutory U.S. federal tax rate
21.0
 %
 
35.0
 %
 
35.0
 %
Increase (decrease) in rate resulting from:
 
 
 
 
 
 State and local income taxes, net of related federal taxes
3.4

 
(4.2
)
 
5.8

 Federal income tax credits
(3.4
)
 
—

 
(7.3
)
 Change in federal and state tax rates
(2.1
)
 
374.8

 
—

 Income taxes on foreign earnings
(1.5
)
 
(2.2
)
 
(1.3
)
 Nondeductible compensation
1.5

 
(2.5
)
 
2.0

 Tax effect of GILTI
1.4

 
—

 
—

 Equity Method Investments
1.1

 
(0.4
)
 
0.3

 Impacts related to the 2017 Tax Act
0.6

 
(7.1
)
 
—

 Other, net
0.5

 
4.4

 
(0.8
)
 Release (accrual) of unrecognized tax benefits
(0.1
)
 
3.0

 
0.1

 Effect of noncontrolling interest
0.1

 
0.2

 
(4.7
)
 Goodwill impairment
—

 
(93.5
)
 
—

 Tax associated with accrued and unpaid dividends
—

 
0.1

 
3.2

Effective tax rate
22.5
 %
 
307.6
 %
 
32.3
 %
Schedule of Deferred Tax Liabilities and Assets Significant components of the Company's deferred tax liabilities and assets are as follows:
 
December 31,
(in thousands)
2018
 
2017
Deferred tax liabilities:
 
 
 
 Property, plant and equipment and Rail Group assets leased to others
$
(168,345
)
 
$
(129,876
)
 Equity method investments
(24,732
)
 
(31,223
)
 Other
(7,999
)
 
(8,754
)
 
(201,076
)
 
(169,853
)
Deferred tax assets:
 
 
 
 Employee benefits
13,161

 
15,229

 Accounts and notes receivable
2,069

 
2,317

 Inventory
7,595

 
6,100

 Federal income tax credits
13,075

 
10,225

 Net operating loss carryforwards
12,766

 
5,753

 Deferred interest (a)
6,476

 
—

 Lease liability
8,473

 
—

 Other
8,839

 
9,674

 Total deferred tax assets
72,454

 
49,298

Valuation allowance
(1,185
)
 
(1,024
)
 
71,269

 
48,274

Net deferred tax liabilities
$
(129,807
)
 
$
(121,579
)
Schedule of Unrecognized Tax Benefits Excluding Interest and Penalties A reconciliation of the January 1, 2016 to December 31, 2018 amount of unrecognized tax benefits is as follows:

(in thousands)
 
Balance at January 1, 2016
$
1,431

Additions based on tax positions related to the current year
113

Additions based on tax positions related to prior years
—

Reductions based on tax positions related to prior years
(40
)
Reductions as a result of a lapse in statute of limitations
(52
)
Balance at December 31, 2016
1,452

 
 
Additions based on tax positions related to the current year
—

Reductions based on tax positions related to prior years
(92
)
Reductions as a result of a lapse in statute of limitations
(573
)
Balance at December 31, 2017
787

 
 
Additions based on tax positions related to the current year
—

Additions based on tax positions related to prior years
—

Reductions based on tax positions related to prior years
—

Reductions as a result of a lapse in statute of limitations
(169
)
Balance at December 31, 2018
$
618