Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

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:

	2022		2021		2020
Income from continuing operations before income taxes:
U.S.	$	(53,088)	$	(28,832)	$	(21,538)
International	91,273		156,649		123,033
Income from continuing operations before income taxes	$	38,185	$	127,817	$	101,495
Income tax provision:
Current:
U.S. – federal	$	276	$	4,733	$	3,697
U.S. – state	778		1,009		(92)
International	29,374		38,609		41,506
	30,428		44,351		45,111
Deferred:
U.S. – federal	$	(790)	$	(6,800)	$	1,914
U.S. – state	(579)		(1,051)		222
International	(4,353)		(8,556)		(9,127)
	(5,722)		(16,407)		(6,991)
Income taxes	$	24,706	$	27,944	$	38,120

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:

	2022		2021
Deferred tax assets:
Pension	$	11,505	$	8,803
Tax loss carryforwards	10,970		11,067
Inventory valuation	8,015		10,660
Other postretirement/postemployment costs	7,715		7,741
Accrued compensation	7,430		9,775
Goodwill	8,981		14,960
Lease obligation	8,493		9,790
Other	17,310		16,609
Valuation allowance	(6,456)		(3,869)
Total deferred tax assets	73,963		85,536
Deferred tax liabilities:
Depreciation and amortization	(81,409)		(94,286)
Goodwill	(9,899)		(9,909)
Swedish tax incentive	(7,196)		(8,531)
Right of use liability	(8,456)		(9,826)
Other	(11,537)		(7,712)
Total deferred tax liabilities	(118,497)		(130,264)
Net deferred tax liabilities	$	(44,534)	$	(44,728)

Amounts related to deferred taxes in the balance sheets as of December 31, 2022 and 2021 are presented as follows:

	2022		2021
Non-current deferred tax assets	$	18,028	$	21,976
Non-current deferred tax liabilities	(62,562)		(66,704)
Net deferred tax liabilities	$	(44,534)	$	(44,728)

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:

	2022		2021		2020
U.S. federal statutory income tax rate	21.0	%	21.0	%	21.0	%
Foreign operations taxed at different rates	0.6		0.1		5.6
Foreign losses without tax benefit	7.5		1.9		3.0
Italian goodwill & intangible realignment	—		(2.1)		—
Goodwill impairment	37.5		—		—
GILTI	12.0		2.3		3.0
Tax holidays	(30.2)		(2.5)		(1.0)
Stock awards excess tax expense	3.3		0.4		0.6
Tax on Seeger transaction	—		—		4.9
Charge (benefit) for change in valuation allowances	9.3		—		(0.5)
Audits including MAP Approval	2.8		(1.5)		0.2
Adjustment to prior year's tax return	(2.2)		1.0		—
Foreign tax rate change	—		0.4		—
Other	3.1		0.9		0.8
Consolidated effective income tax rate	64.7	%	21.9	%	37.6	%

Summary of Income Tax Contingencies

A reconciliation of the unrecognized tax benefits for 2022, 2021 and 2020 follows:

	2022		2021		2020
Balance at January 1	$	8,671	$	9,156	$	8,919
Increase (decrease) in unrecognized tax benefits due to:
Tax positions taken during prior periods	—		—		550
Tax positions taken during the current period	873		637		649
Settlements	—		(70)		—
Lapse of the applicable statute of limitations	(1,171)		(1,218)		(900)
Foreign currency translation	(123)		166		(62)
Balance at December 31	$	8,250	$	8,671	$	9,156