Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Schedule Of Income Before Taxes

(in thousands) For year ended December 31,	2011			2010		2009
U.S. operations	$	(115,718	)	$	104,694	$	69,050
Non-U.S. operations		136,172			106,235		115,876
Total	$	20,454		$	210,929	$	184,926

Schedule Of Provision For Income Taxes

(in thousands) For year ended December 31,	2011			2010			2009
Current:
U.S. federal tax	$	2,869		$	(2,530	)	$	(4,187	)
U.S. state and local tax		2,176			1,256			5
Non-U.S. tax		32,816			26,560			28,744
Total current		37,861			25,286			24,562
Deferred:
U.S. federal tax		(45,576	)		26,326			19,879
U.S. state and local tax		524			238			2,720
Non-U.S. tax		1,129			4,889			3,685
Total deferred		(43,923	)		31,453			26,284
Total provision (benefit) for income taxes	$	(6,062	)	$	56,739		$	50,846

Schedule Of Deferred Tax Assets And Liabilities

(in thousands) For year ended December 31,	2011		2010		2009
Statutory U.S. federal tax rate		35.0%		35.0%		35.0%
Increase (reduction) from:
Non-U.S. taxes		-70.8%		-3.1%		-5.0%
Repatriation of non-U.S. earnings, net of credits		6.3%		1.2%		4.5%
Deferred taxes on earnings of non-U.S. subsidiaries		0.0%		-2.4%		-1.8%
State and local taxes, net of federal benefit		14.1%		0.7%		1.0%
U.S. research and development tax credit		-11.0%		-3.0%		-2.3%
U.S. domestic manufacturing deduction		-9.9%		-0.9%		-0.6%
Tax benefit from sale of subsidiary		0.0%		0.0%		-3.0%
Other		6.4%		-0.6%		-0.3%
Effective tax rate		-29.9%		26.9%		27.5%

Reconciliation Of The Statutory U.S. Federal Rate To The Effective Tax Rate

(in thousands) December 31,	2011			2010
Deferred tax assets:
Asbestos-related liabilities	$	260,969		$	199,009
Tax loss and credit carryforwards		93,337			78,289
Environmental reserves		20,042			11,333
Inventories		15,858			14,737
Accrued bonus and stock-based compensation		12,488			15,105
Pension and post-retirement benefits		50,623			13,074
Other		35,362			19,879
Total		488,679			351,426
Less: valuation allowance		107,511			62,830
Total deferred tax assets, net of valuation allowance		381,168			288,596
Deferred tax liabilities:
Basis difference in fixed assets		(35,341	)		(36,479	)
Basis difference in intangible assets		(75,127	)		(74,132	)
Total deferred tax liabilities		(110,468	)		(110,611	)
Net deferred tax asset	$	270,700		$	177,985
Balance sheet classification:
Current deferred tax assets		46,664		$	44,956
Long-term deferred tax assets		265,849			182,832
Accrued liabilities		(145	)		(951	)
Long-term deferred tax liability		(41,668	)		(48,852	)
Net deferred tax asset	$	270,700		$	177,985

Summary Of Tax Loss And Tax Credit Carryforwards

(in thousands) Year of expiration	U.S. Federal Tax Credits			U.S. Federal Tax Losses		U.S. State Tax Credits			U.S. State Tax Losses			Non- U.S. Tax Losses			Total
2012-2016	$	105		$	—	$	1,624		$	136,179		$	10,470
After 2016		34,430			505		3,253			342,590			24,963
Indefinite		—			—		13,969			—			29,748
Total tax carryforwards	$	34,535		$	505	$	18,846		$	478,769		$	65,181
Deferred tax asset on tax carryforwards	$	34,535		$	177	$	12,250		$	27,880		$	18,495		$	93,337
Valuation allowance on tax carryforwards		(105	)		—		(11,587	)		(27,880	)		(18,490	)		(58,062	)
Net deferred tax asset on tax carryforwards	$	34,430		$	177	$	663		$	—		$	5		$	35,275

Schedule Of Gross Unrecognized Tax Benefits Reconciliation

(in thousands)	2011			2010
Balance of liability as of January 1	$	3,725		$	6,937
Increase as a result of tax positions taken during a prior year		3,334			155
Decrease as a result of tax positions taken during a prior year		(19	)		(2,654	)
Increase as a result of tax positions taken during the current year		2,876			1,908
Decrease as a result of settlements with taxing authorities		—			(1,334	)
Reduction as a result of a lapse of the statute of limitations		(326	)		(1,287	)
Balance of liability as of December 31	$	9,590		$	3,725