Income Taxes - (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of (Loss) Income before Income Tax, Domestic and Foreign

The components of (loss) income from continuing operations before income taxes and equity in losses of joint venture were as follows:

	Successor			Predecessor
	September 1, 2017 through December 31, 2017			January 1, 2017 through August 31, 2017		Year Ended December 31, 2016
Domestic	$	(16,934	)	$	27,153	$	(104,524	)
Non-United States ("U.S")	419			7,650		(7,935		)

Schedule of Components of Income Tax (Benefit) Expense

The income taxes benefit consisted of the following components:

	Successor			Predecessor
	September 1, 2017 through December 31, 2017			January 1, 2017 through August 31, 2017			Year Ended December 31, 2016
Federal
current	$	—		$	—		$	—
deferred	(3,106		)	(1,412		)	(4,231		)
State
current	—			25			25
deferred	(316		)	—			(114		)
Foreign
current	249			953			1,783
deferred	(15		)	(953		)	(9		)
	$	(3,188	)	$	(1,387	)	$	(2,546	)

Schedule of Effective Income Tax Rate Reconciliation

The items accounting for differences between the income tax benefit computed at the federal statutory rate and the provision for income taxes were as follows:

	Successor			Predecessor
	September 1, 2017 through December 31, 2017			January 1, 2017 through August 31, 2017			Year Ended December 31, 2016
Federal income tax at statutory rates	$	(5,780	)	$	12,181		$	(39,361	)
State income taxes, net of federal income tax benefits	(2,871		)	(2,347		)	(5,118		)
Permanent items:
Section 956 inclusions	294			2,132			13,132
Convertible debt – non-deductible	—			(29,903		)	3,024
Intercompany bad debt deduction	(11,680		)	—			—
Other permanent differences	943			1,941			2,719
Federal and state income tax on joint venture	—			—			(1,660		)
Rate differential on foreign income	(34		)	(490		)	795
Valuation allowance	19,157			15,771			23,746
Discrete impact of the Tax Act	(4,799		)	—			—
Other	1,582			(672		)	177
Income tax benefit	$	(3,188	)	$	(1,387	)	$	(2,546	)
Effective income tax benefit rate	19.3		%	(4.0		)%	2.3		%

Schedule of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities of December 31, 2017 and 2016 are as follows:

	Successor			Predecessor
	December 31,			December 31,
	2017			2016
Deferred tax assets:
Pension and postretirement benefits	$	—		$	809
Deferred compensation	540			595
Restructuring related and other reserves	5			4
Alternative minimum tax and net operating loss carryforward	55,295			91,769
Intangible assets and goodwill	6,439			11,647
Other, net	1,692			2,818
Deferred tax assets before valuation allowance	63,971			107,642
Valuation allowance	(52,153		)	(79,908		)
Total deferred tax assets	$	11,818		$	27,734
Deferred tax liabilities:
Depreciation	$	4,991		$	5,006
Inventory	3,301			20,172
Pension	135			—
Excess of book basis over tax basis in investments	238			—
Convertible debt discount	17,773			1,883
Other, net	268			292
Total deferred tax liabilities	26,706			27,353
Net deferred tax (liabilities) assets	$	(14,888	)	$	381

Summary of Valuation Allowance

Activity in the Company's valuation allowances for the U.S. and non-U.S. operations were as follows:

	Successor			Predecessor
	September 1, 2017 through December 31, 2017			January 1, 2017 through August 31, 2017			Year Ended December 31, 2016
Domestic
Balance, beginning of period	$	47,898		$	69,683		$	55,474
Provision charged to expense	(6,403		)	(16,765		)	18,906
Fresh-start accounting adjustments	—			(5,020		)	—
Provision charged to discontinued operations and other comprehensive income	1,542			—			(4,697		)
Balance, end of period	$	43,037		$	47,898		$	69,683
Foreign
Balance, beginning of period	$	8,725		$	10,225		$	8,481
Impact of foreign exchange on beginning of period balance	230			633			(702		)
Fresh-start accounting adjustments	—			(354		)
Provision charged to expense	161			(1,779		)	2,446
Balance, end of period	$	9,116		$	8,725		$	10,225