Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Income before Income Tax, Domestic and Foreign

The components of the Company’s income (loss) before income taxes and equity in earnings of non-consolidated affiliates by taxing jurisdiction for the years ended December 31, were:



	2018			2017		2016
Income (Loss):
U.S.	$	(68,698	)	$	48,053	$	(16,661	)
Non-U.S.	(11,709		)	39,025		(33,055		)
	$	(80,407	)	$	87,078	$	(49,716	)

Schedule Of Components Of Income Taxes Provision Benefit

The provision (benefit) for income taxes by taxing jurisdiction for the years ended December 31, were:



	2018			2017			2016
Current tax provision
U.S. federal	$	444		$	(1,657	)	$	—
U.S. state and local	2			98			(1,520		)
Non-U.S.	7,584			6,514			2,154
	8,030			4,955			634
Deferred tax provision (benefit):
U.S. federal	(9,315		)	(172,873		)	5,785
U.S. state and local	(2,990		)	(7,775		)	(3,550		)
Non-U.S.	35,878			7,629			(12,273		)
	23,573			(173,019		)	(10,038		)
Income tax provision (benefit)	$	31,603		$	(168,064	)	$	(9,404	)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense (benefit) using the U.S. federal income tax rate compared with actual income tax expense for the years ended December 31, is as follows:



	2018			2017			2016
Income (loss) before income taxes, equity in non-consolidated affiliates and noncontrolling interest	$	(80,407	)	$	87,078		$	(49,716	)
Statutory income tax rate	21.0		%	35.0		%	35.0		%
Tax expense (benefit) using statutory income tax rate	(16,886		)	30,477			(17,401		)
State and foreign taxes	(2,988		)	8,863			(94		)
Non-deductible stock-based compensation	1,512			1,441			1,123
Other non-deductible expense	10,091			(220		)	1,848
Change to valuation allowance	49,482			(103,212		)	6,605
Effect of the difference in U.S. federal and local statutory rates	(152		)	(2,939		)	(353		)
Impact of tax reform	—			(100,472		)	—
Noncontrolling interests	(2,674		)	(4,413		)	(1,287		)
Impact of foreign operations	1,711			(2,453		)	—
Adjustment to deferred tax balances	(8,865		)	—			—
Other, net	372			4,864			155
Income tax expense (benefit)	$	31,603		$	(168,064	)	$	(9,404	)
Effective income tax rate	(39.3		)%	(193.0		)%	18.9		%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of significant temporary differences representing deferred tax assets and liabilities at December 31, were as follows:



	2018			2017
Deferred tax assets:
Capital assets and other	$	905		$	5,059
Net operating loss carry forwards	70,646			49,318
Interest deductions	8,911			2,026
Refinancing charge	2,926			5,578
Goodwill and intangibles	123,504			129,455
Stock compensation	2,101			1,208
Pension plan	3,872			4,165
Unrealized foreign exchange	14,645			8,653
Capital loss carry forwards	11,827			11,450
Accounting reserves	8,280			412
Gross deferred tax asset	247,617			217,324
Less: valuation allowance	(68,479		)	(19,032		)
Net deferred tax assets	179,138			198,292
Deferred tax liabilities:
Goodwill amortization	(91,726		)	(89,727		)
Total deferred tax liabilities	(91,726		)	(89,727		)
Net deferred tax asset (liability)	$	87,412		$	108,565
Disclosed as:
Deferred tax assets	$	92,741		$	115,325
Deferred tax liabilities	(5,329		)	(6,760		)
	$	87,412		$	108,565

Schedule Of Changes In Tax Reserve



	2018			2017			2016
A reconciliation of the change in unrecognized tax benefits is as follows:
Unrecognized tax benefit - Beginning Balance	$	1,433		$	1,465		$	3,605
Current year positions	—			489			—
Prior period positions	7			(436		)	(134		)
Settlements	(314		)	—			(1,374		)
Lapse of statute of limitations	(239		)	(85		)	(632		)
Unrecognized tax benefits - Ending Balance	$	887		$	1,433		$	1,465