Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule Of U.S. And Non-U.S. Components Of Income (Loss) Before Provision (Benefit) For Income Taxes

The following table summarizes the U.S. and non-U.S. components of income (loss) before provision (benefit) for income taxes:

	Predecessor									Successor
	For the Year Ended December 31,						For the Period January 1  Through August 14, 2015			For the Period August 15  Through December 31, 2015
	2013			2014
	(Dollars in thousands)
U.S.	$	8,495		$	(255,043	)	$	(96,258	)	$	(22,755	)
Non-U.S.	(48,597		)	(39,749		)	(20,305		)	(3,916		)
	$	(40,102	)	$	(294,792	)	$	(116,563	)	$	(26,671	)

Schedule Of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	Predecessor									Successor
	For the Year Ended December 31,						For the Period January 1  Through August 14, 2015			For the Period August 15  Through December 31, 2015
	2013			2014
	(Dollars in thousands)
U.S income taxes:
Current	$	4,104		$	(1,762	)	$	(20	)	$	(52	)
Deferred	(5,652		)	(537		)	403			686
	(1,548		)	(2,299		)	383			634
Non-U.S. income taxes:
Current	5,422			8,349			3,182			1,565
Deferred	(16,717		)	(15,466		)	521			4,681
	(11,295		)	(7,117		)	3,703			6,246
Total income tax expense (benefit)	$	(12,843	)	$	(9,416	)	$	4,086		$	6,880

Schedule Of Income Tax Expense (Benefit) Computed By Applying The U.S. Federal Income Tax Rate

Income tax expense (benefit) differed from the amounts computed by applying the U.S. federal income tax rate of 35% to income before provision (benefit) for income taxes as set forth in the following table:

	Predecessor									Successor
	For the Year Ended December 31,						For the Period January 1  Through August 14, 2015			For the Period August 15  Through December 31, 2015
	2013			2014
	(Dollars in thousands)
Tax at statutory U.S. federal rate	$	(14,036	)	$	(103,177	)	$	(40,797	)	$	(9,335	)
U.S. valuation allowance, net	(700		)	73,350			27,443			8,876
State taxes, net of federal tax benefit	(371		)	(4,387		)	(3,215		)	(697		)
U.S. tax return adjustments to estimated taxes	(1,032		)	(368		)	—			—
Resolution of uncertain tax positions	(752		)	(513		)	71			64
Adjustment for foreign income taxed at different rates	6,832			7,376			11,435			7,324
U.S. tax credits	(2,577		)	(1,000		)	—			—
Non-U.S. tax exemptions, holidays and credits	—			—			(691		)	228
Goodwill impairment	—			17,161			8,026			—
Capital loss expiration	—			2,422			—			—
Other	(207		)	(280		)	1,814			420
Total income tax (benefit) expense	$	(12,843	)	$	(9,416	)	$	4,086		$	6,880

Schedule Of Deferred Tax Assets And Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant components of the deferred tax assets and deferred tax liabilities at December 31, 2014, and December 31, 2015 are set forth in the following table:

	As of December 31,
	2014 Predecessor			2015 Successor
	(Dollars in thousands)
Deferred tax assets:
Postretirement and other employee benefits	$	43,204		$	34,713
Foreign tax credit and other carryforwards	64,214			115,163
Capitalized research and experimental costs	23,446			21,592
Environmental reserves	3,366			4,273
Inventory adjustments	19,568			12,719
Capital loss	272			276
Long-term contract option amortization	2,214			2,138
Provision for rationalization charges	17,255			5,967
Other	6,288			729
Total gross deferred tax assets	179,827			197,570
Less: valuation allowance	(95,721		)	(165,539		)
Total deferred tax assets	84,106			32,031
Deferred tax liabilities:
Fixed assets	$	59,292		$	54,150
Debt discount amortization / Deferred financing fees	3,301			7,666
Inventory	6,865			4,985
Goodwill and acquired intangibles	1,046			2,686
Other	3,761			4,647
Total deferred tax liabilities	74,265			74,134
Net deferred tax (liability) asset	$	9,841		$	(42,103	)

Schedule Of Valuation Allowance Activity

Valuation allowance activity for the years ended December 31, 2013, 2014 and 2015 is as follows:

	For the year ended December 31,
	2013			2014
	(Dollars in thousands)
Balance as of January 1	$	26,312		$	20,411
(Credited) / charged to income	(614		)	74,157
Translation adjustment	(746		)	(800		)
Changes attributable to movement in underlying assets	(4,541		)	1,953
Balance as of December 31	$	20,411		$	95,721

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	As of December 31,
	2013			2014
	(Dollars in thousands)
Balance at January 1	$	9,769		$	7,203
Additions based on tax positions related to the current year	881			268
Additions for tax positions of prior years	323			232
Reductions for tax positions of prior years	(2,779		)	(1,204		)
Lapse of statutes of limitations	—			(1,180		)
Settlements	(988		)	(1,503		)
Foreign currency impact	(3		)	(106		)
Balance at December 31	$	7,203		$	3,710