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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of income before income taxes
Income before income taxes consists of:
Years Ended December 31,202420232022
United States$99,573 $49,681 $65,350 
International370,192 325,144 269,354 
Total$469,765 $374,825 $334,704 
Schedule of provision (benefit) for income taxes
The provision (benefit) for income taxes is composed of:
Years Ended December 31,202420232022
Federal:
Current$10,933 $11,777 $12,791 
Deferred(8,936)(10,931)(783)
$1,997 $846 $12,008 
State:
Current$2,744 $1,300 $2,265 
Deferred(923)(675)(99)
$1,821 $625 $2,166 
International:
Current$103,316 $97,455 $92,199 
Deferred(11,547)(8,277)(11,224)
$91,769 $89,178 $80,975 
Total$95,587 $90,649 $95,149 
Schedule of reconciliation of actual income tax provision and the tax provision computed by applying statutory federal income tax rate
A reconciliation of the provision for income taxes with the amount computed by applying the statutory federal income tax rate of 21% to income before provision for income taxes is as follows:
Years Ended December 31,202420232022
Income tax at statutory rate$98,651 $78,713 $70,288 
State income taxes, net of federal tax effect1,439 362 1,475 
Excess tax benefits from share-based compensation(11,041)(5,935)(3,306)
Deferred tax (benefits) charges, incl. tax rate changes2,691 (3,512)(2,349)
Valuation allowance(14,625)158 1,486 
Legal entity reorganization— 3,630 5,850 
Rate differential on earnings of foreign operations21,357 18,917 19,165 
Other items, net(2,885)(1,684)2,540 
Actual income tax provision$95,587 $90,649 $95,149 
Effective income tax rate20.3 %24.2 %28.4 %
Schedule of significant deferred tax assets and liabilities
Significant deferred tax assets and liabilities as of December 31, 2024 and 2023 are composed of the following temporary differences:
20242023
Deferred Tax Assets:
Net operating loss carryforwards$72,766 $49,016 
Operating and finance leases21,712 20,440 
Pension liabilities6,472 13,608 
Share-based compensation3,747 7,326 
U.S. state tax credits5,790 6,110 
Vacation and bonus16,223 16,915 
U.S. capitalized research expenditures41,956 35,563 
Inventory6,094 7,166 
Accrued liabilities and other reserves9,598 9,622 
Other15,575 16,470 
Total gross deferred tax assets$199,933 $182,236 
Less valuation allowance(61,134)(48,856)
Net deferred tax assets$138,799 $133,380 
Deferred Tax Liabilities:
Acquisition related intangibles$51,155 $57,426 
Depreciation and amortization21,325 25,541 
Operating and finance leases22,672 22,715 
Other8,059 6,988 
Total gross deferred tax liabilities$103,211 $112,670 
Net deferred tax assets (liabilities)
$35,588 $20,710 
Schedule of reconciliation of the beginning and ending amount of income tax uncertainties A reconciliation of the beginning and ending amount of income tax uncertainties is as follows:
202420232022
Balance at January 1$5,942 $6,919 $7,225 
Increases based on tax positions for the current year300 985 1,433 
Increases (Decreases) based on tax positions of prior years107 (997)(1,616)
Settlements(127)(901)(80)
Lapse of statute of limitations(430)(64)(43)
Balance at December 31$5,792 $5,942 $6,919 
Schedule of major tax jurisdictions the Company files in, with the years still subject to income tax examinations The major tax jurisdictions we file in, with the years still subject to income tax examinations, are listed below:
Major Tax
Jurisdiction		Tax Years
Subject to
Examination
United States — Federal2021-2024
United States — State2020-2024
France2021-2024
Germany2022-2024
Italy2018-2024
China2014-2024