XML 67 R50.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income (loss) from continuing operations before taxes and noncontrolling interests [Abstract]                
Domestic     $ 67,938 $ 132,426 $ 62,921      
Foreign     399,464 461,079 371,689      
Income before taxes     467,402 593,505 434,610      
Current [Abstract]:                
Federal     14,594 24,423 2,336      
State and local     1,769 3,313 466      
Foreign     152,343 121,810 82,258      
Total current income tax expense     168,706 149,546 85,060      
Deferred [Abstract]:                
Federal     (4,871) (40,136) 554      
State and local     (3,651) 532 383      
Foreign     (18,295) 53,080 49,676      
Total deferred income tax expense     (26,817) 13,476 50,613      
Total income tax expense     141,889 163,022 135,673      
Deferred tax assets [Abstract]:                
Pension and other retiree obligations $ 29,400   29,400 29,327        
Inventories 23,836   23,836 21,040        
Net operating loss carryforwards 81,497   81,497 82,498        
Tax credit carryforwards 54,363   54,363 53,145        
Research and development costs 17,829   17,829 7,704        
Original issue discount interest 20,039   20,039 0        
Other accruals and reserves 25,179   25,179 29,930        
Total gross deferred tax assets 252,143   252,143 223,644        
Less valuation allowance (99,663)   (99,663) (101,169)        
Deferred tax assets, net 152,480   152,480 122,475        
Deferred tax liabilities [Abstract]:                
Property and equipment (9,429)   (9,429) (8,307)        
Tax deductible goodwill (7,040)   (7,040) (6,144)        
Earnings not indefinitely reinvested (88,004)   (88,004) (113,661)        
Other - net (6,389)   (6,389) (6,879)        
Total gross deferred tax liabilities (110,862)   (110,862) (134,991)        
Net deferred tax liabilities       (12,516)        
Net deferred tax assets 41,618   41,618          
Discrete Tax Items Repatriation       59,642 53,316      
Tax effects of changes in uncertain tax positions       5,941        
Reconciliation of income tax expense at federal statutory rate to actual income tax provision [Abstract]                
Tax at statutory rate     98,154 124,636 91,268      
State income taxes, net of U.S. federal tax benefit     (1,487) 3,038 671      
Effect of foreign operations     9,260 13,422 5,521      
Tax on earnings not indefinitely reinvested     37,061 71,141 54,648      
Unrecognized tax benefits     1,999 (4,699) 1,318      
Change in valuation allowance on deferred tax assets     (1,770) (58,696) (14,921)      
Foreign income taxable in the U.S.     11,829 14,925 9,532      
Foreign tax credit     (29,997) (20,408) (9,477)      
U.S. Base Erosion Anti-Abuse Tax     16,837 20,918 9,134      
Change in U.S. tax regulations     0 0 (8,276)      
Other     3 (1,255) (3,745)      
Total income tax expense     141,889 163,022 135,673      
Discrete Tax Items - Release of Valuation Allowance       (33,669) (5,714)      
Net operating loss carryforwards [Abstract]                
Discrete tax items included income tax expense     0 20,032 39,326      
Available tax credit carryforwards [Abstract]                
Discrete Tax Items Repatriation       (59,642) (53,316)      
Unremitted foreign earnings   $ 385,000   360,000        
Tax liability on unremitted foreign earnings 86,000   86,000          
Income tax uncertainties [Abstract]                
Cash repatriated during the current period 325,000     81,243        
Repatriation taxes paid 63,600     25,201        
Amount of TCJA tax first installment     27,670 14,757 14,757 $ 14,757 $ 14,757 $ 14,757
Net income taxes paid (refunded)     224,232 134,199 79,106      
Company accrued interest and penalties related to the unrecognized tax benefits 1,947   1,947 2,587        
Company recognized interest and penalties.     821 376 591      
Unrecognized tax benefits [Roll Forward]                
Balance at beginning of year     18,429 26,719 40,652      
Addition based on tax positions related to the current year     1,210 0 141      
Addition based on tax positions related to prior years     5,455 3,197 1,037      
Currency translation adjustments       (366) (523)      
Currency translation adjustments     230          
Reduction based on tax positions related to prior years     0 0 (13,154)      
Reduction for settlements     (10,000) (9,420) (982)      
Reduction for lapses of statute of limitation     (2,467) (1,701) (452)      
Balance at end of year 12,857 $ 26,719 12,857 $ 18,429 $ 26,719 $ 40,652    
2024 [Member]                
Operating Loss Carryforwards [Line Items]                
Expected TCJA tax payment, net 37,622   37,622          
2025 [Member]                
Operating Loss Carryforwards [Line Items]                
Expected TCJA tax payment, net 47,027   47,027          
Minimum [Member]                
Available tax credit carryforwards [Abstract]                
Decrease in Unrecognized Tax Benefits is Reasonably Possible 1,250   1,250          
Maximum [Member]                
Available tax credit carryforwards [Abstract]                
Decrease in Unrecognized Tax Benefits is Reasonably Possible 10,487   10,487          
Belgium [Member]                
Net operating loss carryforwards [Abstract]                
Net operating loss carryforward 154,735   154,735          
Israel [Member]                
Net operating loss carryforwards [Abstract]                
Net operating loss carryforward 5,364   5,364          
Available tax credit carryforwards [Abstract]                
Unremitted foreign earnings     380,000          
Japan [Member]                
Net operating loss carryforwards [Abstract]                
Net operating loss carryforward 4,704   $ 4,704          
Japan [Member] | Minimum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2025          
Japan [Member] | Maximum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2033          
Netherlands [Member]                
Net operating loss carryforwards [Abstract]                
Net operating loss carryforward 10,324   $ 10,324          
The Republic of China (Taiwan) [Member]                
Net operating loss carryforwards [Abstract]                
Net operating loss carryforward 11,728   $ 11,728          
The Republic of China (Taiwan) [Member] | Minimum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2026          
The Republic of China (Taiwan) [Member] | Maximum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2028          
California [Member]                
Net operating loss carryforwards [Abstract]                
Net operating loss carryforward 16,517   $ 16,517          
California [Member] | Minimum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2028          
California [Member] | Maximum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2037          
Pennsylvania [Member]                
Net operating loss carryforwards [Abstract]                
Net operating loss carryforward 549,914   $ 549,914          
Pennsylvania [Member] | Minimum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2024          
Pennsylvania [Member] | Maximum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2043          
Arizona [Member]                
Net operating loss carryforwards [Abstract]                
Net operating loss carryforward 15,516   $ 15,516          
Arizona [Member] | Minimum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2032          
Arizona [Member] | Maximum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date NOL carryforward     Dec. 31, 2040          
Germany [Member]                
Available tax credit carryforwards [Abstract]                
Unremitted foreign earnings     $ 218,000          
Research Tax Credit [Member] | California [Member]                
Net operating loss carryforwards [Abstract]                
Tax credit carryforward, amount 20,983   20,983          
Available tax credit carryforwards [Abstract]                
Tax Credit Carryforward 20,983   20,983          
U.S. Foreign Tax Credit [Member]                
Net operating loss carryforwards [Abstract]                
Tax credit carryforward, amount 32,468   32,468          
Available tax credit carryforwards [Abstract]                
Tax Credit Carryforward $ 32,468   $ 32,468          
U.S. Foreign Tax Credit [Member] | Minimum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date tax credit carryforward     Dec. 31, 2028          
U.S. Foreign Tax Credit [Member] | Maximum [Member]                
Net operating loss carryforwards [Abstract]                
Expiration date tax credit carryforward     Dec. 31, 2030