Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes and Adjustment for Noncontrolling Interests

Components of the Company’s (loss) income before income taxes and adjustment for noncontrolling interests were as follows:

	Year Ended December 31,
	2021		2020		2019
Domestic	$	(142,883)	$	(235,574)	$	53,425
Foreign	(146,569)		(94,647)		44,877
	$	(289,452)	$	(330,221)	$	98,302

Schedule of Income Tax Expense (Benefit)

The Company’s income tax expense (benefit) consists of the following:

	Year Ended December 31,
	2021		2020		2019
Current
Federal	$	5,158	$	(65,565)	$	(227)
State	68		(196)		(171)
Foreign	(1,590)		13,636		20,613
Deferred
Federal	12,217		(15,060)		4,405
State	(484)		1,297		(767)
Foreign	24,023		5,041		12,236
	$	39,392	$	(60,847)	$	36,089

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the U.S. statutory federal rate to the income tax provision was as follows:  

	Year Ended December 31,
	2021			2020			2019
Tax at U.S. statutory rate	$	(60,785)		$	(69,346)		$	20,643
State and local taxes	(3,276)			(4,933)			209
Tax credits and incentives	(7,634)			(5,750)			(8,034)
Changes in tax law, other	(361)			352			2,909
U.S. tax reform/Global Intangible Low-Taxed Income ("GILTI")/foreign derived intangible income	—			(1,046)			1,102
Effect of foreign tax rates	(13,525)			(15,432)			(1,656)
Nonrecurring permanent items	(3,710)			(3,069)			(5,250)
CARES Act	—			(27,844)			—
Foreign branch	1,641			(1,215)			(2,258)
Stock compensation (ASU 2016-09)	1,257			1,640			1,596
Non deductible expenses	6,618			9,335			2,820
Tax reserves/audit settlements	(5,043)			1,071			(206)
Valuation allowance	124,228			51,609			24,625
Other, net	(18)			3,781			(411)
Income tax expense (benefit)	$	39,392		$	(60,847)		$	36,089
Effective income tax rate	(13.6)		%	18.4		%	36.7		%

Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2021 and 2020 were as follows:

	2021		2020
Deferred tax assets:
Pension, postretirement and other benefits	$	40,026	$	53,229
Capitalized expenditures	12,521		14,411
Net operating loss and tax credit carryforwards	275,222		215,980
Operating lease	27,934		26,160
All other items	61,785		53,290
Total deferred tax assets	417,488		363,070
Deferred tax liabilities:
Property, plant and equipment	(21,745)		(29,415)
Operating lease right-of-use	(26,863)		(26,160)
All other items	(14,506)		(15,597)
Total deferred tax liabilities	(63,114)		(71,172)
Valuation allowances	(334,983)		(234,425)
Net deferred tax assets	$	19,391	$	57,473

Reconciliation of Unrecognized Tax Benefits

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

 

	2021		2020
Balance at beginning of period	$	11,272	$	10,123
Tax positions related to the current period
Gross additions	337		1,115
Gross reductions	—		—
Tax positions related to prior years
Gross additions	10		342
Gross reductions	(5,143)		—
Settlements	(2,905)		(232)
Lapses on statutes of limitations	—		(76)
Balance at end of period	$	3,571	$	11,272