Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Earnings (loss) from operations before income taxes and noncontrolling interest:



	For the year ended					For the eleven months ended
(In thousands)	December 31, 2013			December 31, 2012		December 31, 2011
United States	$	(22,011	)	$	33,523	$	(26,057	)
Foreign	36,641			47,619		53,575
	$	14,630		$	81,142	$	27,518

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense attributable to continuing operations consists of the following:



	For the year ended						For the eleven months ended
(In thousands)	December 31, 2013			December 31, 2012			December 31, 2011
Current income tax expense:
Federal	$	1,276		$	23,032		$	12,350
State	587			1,499			549
Foreign	6,938			6,125			7,438
	$	8,801		$	30,656		$	20,337
Deferred income tax expense (benefit):
Federal	$	2,775		$	1,136		$	(11,932	)
State	(32		)	(374		)	(372		)
Foreign	(350		)	217			(673		)
	2,393			979			(12,977		)
	$	11,194		$	31,635		$	7,360

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax assets and liabilities are as follows:



Years ended (In thousands)	December 31, 2013			December 31, 2012
Deferred tax assets:
Amortization	$	2,726		$	3,942
Accrued expenses and other	6,523			6,136
Allowance for doubtful receivables	1,217			385
Employee benefit plans	3,059			12,120
Inventory reserves	1,979			1,060
Foreign tax credits	16,758			17,820
Net operating loss	27,318			15,159
Capital loss carryforward	1,995			4,634
Uncertain tax positions	1,121			854
Other reserves	350			1,061
Valuation allowance	(18,721		)	(19,403		)
	$	44,325		$	43,768
Deferred tax liabilities:
Prepaid and other	$	(8,696	)	$	(10,658	)
Undistributed foreign earnings	(13,451		)	(11,242		)
Depreciation and amortization	(10,140		)	(9,514		)
	(32,287		)	(31,414		)
Net deferred tax asset	$	12,038		$	12,354

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the provision for income taxes to the amount computed at the federal statutory rate is as follows:



	For the year ended						For the eleven months ended
(In thousands)	December 31, 2013			December 31, 2012			December 31, 2011
Tax at statutory rate	$	5,121		$	28,399		$	9,632
Tax effect of:
U.S. state income taxes, net of federal benefit	313			561			(15		)
Tax exempt interest	(11		)	(22		)	(9		)
Other non-deductible expenses and return to provision adjustments	(554		)	1,935			1,839
Dividend from non-consolidating domestic subsidiary	852			1,120			—
Valuation allowance release on non-consolidated NOL carryforward	—			—			(2,287		)
Valuation allowance movement on capital loss carryforward	121			(347		)	(313		)
Change in reserve for tax contingencies	571			(192		)	(2,317		)
Foreign dividend and subpart F income	11,203			15,020			21,278
Tax benefit on undistributed foreign earnings	(185		)	(4,507		)	(8,465		)
Foreign tax rate differential	(6,237		)	(10,380		)	(11,956		)
Other	—			48			(27		)
	$	11,194		$	31,635		$	7,360

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following is a reconciliation of the total amounts of unrecognized tax benefits related to uncertain tax positions, excluding interest and penalties, during the year ended December 31, 2013:



(In thousands)
Balance as of January 1, 2013	$	2,679
Gross increases – tax positions prior periods	1,356
Gross decreases – tax positions prior periods	—
Gross increases – tax positions current period	—
Gross decreases – tax positions current period	—
Decreases – settlements with taxing authorities	—
Reductions - lapse of statute of limitations	—
December 31, 2013	$	4,035