Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. federal statutory income tax rate to the consolidated effective income tax rate from continuing operations follows:

	2015		2014		2013
U.S. federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State taxes (net of federal benefit)	0.2		0.5		0.3
Foreign losses without tax benefit	1.1		1.1		0.8
U.S. Tax Court Decision	—		—		15.3
Foreign operations taxed at lower rates	(12.9	)	(9.9	)	(14.4	)
Repatriation from current year foreign earnings	4.3		2.6		1.1
Tax withholding refund	(1.9	)	—		—
Tax Holiday's	(3.2	)	(2.7	)	(6.2	)
Other	0.6		1.0		0.9
Consolidated effective income tax rate	23.2	%	27.6	%	32.8	%

Schedule of Income before Income Tax, Domestic and Foreign and Components of Income Tax Expense

The components of Income from continuing operations before income taxes and Income taxes follow:

	2015			2014			2013
Income from continuing operations before income taxes:
U.S.	$	11,525		$	33,070		$	10,343
International	146,421			133,430			97,231
Income from continuing operations before income taxes	$	157,946		$	166,500		$	107,574
Income tax provision:
Current:
U.S. – federal	$	(210	)	$	22,673		$	8,356
U.S. – state	2,019			1,236			539
International	32,217			35,954			16,933
	34,026			59,863			25,828
Deferred:
U.S. – federal	7,670			(6,737		)	13,792
U.S. – state	(1,137		)	1,279			(110		)
International	(3,993		)	(8,446		)	(4,257		)
	2,540			(13,904		)	9,425
Income taxes	$	36,566		$	45,959		$	35,253

Schedule of Deferred Tax Assets and Liabilities

Deferred income tax assets and liabilities at December 31 consist of the tax effects of temporary differences related to the following:

	Assets						Liabilities
	2015			2014			2015			2014
Allowance for doubtful accounts	$	662		$	494		$	129		$	86
Depreciation and amortization	(1,610		)	(19,338		)	78,786			59,271
Inventory valuation	15,911			17,072			1,843			1,981
Other postretirement/postemployment costs	2,978			17,549			(12,774		)	(247		)
Tax loss carryforwards	13,412			13,977			(1,919		)	(56		)
Pension	1,663			21,968			(22,946		)	(1,005		)
Accrued compensation	2,975			15,418			(7,267		)	—
Goodwill	—			(13,772		)	14,545			57
Swedish tax incentive	—			—			4,647			4,255
Unrealized foreign currency gain	—			—			1,350			1,999
Other	4,374			4,398			7,513			5,763
	40,365			57,766			63,907			72,104
Valuation allowance	(14,401		)	(15,856		)	—			—
	$	25,964		$	41,910		$	63,907		$	72,104
Current deferred income taxes	$	24,825		$	31,849		$	1,543		$	1,957
Non-current deferred income taxes	1,139			10,061			62,364			70,147
	$	25,964		$	41,910		$	63,907		$	72,104

Summary of Income Tax Contingencies

A reconciliation of the unrecognized tax benefits for 2015, 2014 and 2013 follows:

	2015			2014		2013
Balance at January 1	$	8,560		$	8,027	$	9,321
Increase (decrease) in unrecognized tax benefits due to:
Tax positions taken during prior periods	1,691			533		9,944
Tax positions taken during the current period	—			—		3,350
Acquisition	598			—		556
Settlements with taxing authorities	—			—		(15,144		)
Lapse of the applicable statute of limitations	(215		)	$	—	$	—
Balance at December 31	$	10,634		$	8,560	$	8,027