Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Income before Income Tax, Domestic and Foreign

Income (loss) from continuing operations before income taxes and equity income (loss) as reported in the Consolidated Statements of Operations consists of the following:



(In thousands)	2015		2014			2013
U.S.	$	16,169	$	22,951		$	(30,422	)
International	18,646		(8,813		)	(160,754		)
Total income (loss) before income taxes and equity income (loss)	$	34,815	$	14,138		$	(191,176	)

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense as reported in the Consolidated Statements of Operations consists of the following:



(In thousands)	2015		2014		2013
Income tax expense (benefit):
Currently payable:
U.S. federal	$	408	$	5,622	$	9,822
U.S. state	546		557		1,375
International	23,095		14,569		41,015
Total income taxes currently payable	24,049		20,748		52,212
Deferred U.S. federal	2,651		3,447		(18,615		)
Deferred U.S. state	812		893		473
Deferred international	166		5,278		(2,095		)
Total income tax expense	$	27,678	$	30,366	$	31,975

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the normal expected statutory U.S. federal income tax expense (benefit) to the actual income tax expense as reported in the Consolidated Statements of Operations:



(In thousands)	2015			2014			2013
U.S. federal income tax	$	12,185		$	4,949		$	(66,912	)
U.S. state income taxes, net of federal income tax benefit	496			713			(917		)
U.S. domestic manufacturing deductions and credits	(2,504		)	(1,882		)	(4,700		)
Tax costs of repatriation from the Infrastructure Transaction	—			—			13,181
Difference in effective tax rates on international earnings and remittances	5,095			4,397			581
Uncertain tax position contingencies and settlements	1,416			(5,298		)	(5,548		)
Changes in realization on beginning of the year deferred tax assets	923			2,283			20,125
Restructuring and impairment charges with no realizable tax benefits	8,508			21,969			—
U.S. nondeductible items	874			1,216			2,953
Loss from disposal from the Infrastructure Transaction	580			2,592			73,819
Cumulative effect of change in statutory tax rates/laws	340			246			(370		)
Income (loss) from unconsolidated entities	62			(587		)	—
Other, net	(297		)	(232		)	(237		)
Total income tax expense	$	27,678		$	30,366		$	31,975

Schedule of Deferred Tax Assets and Liabilities

The tax effects of the temporary differences giving rise to the Company's deferred tax assets and liabilities at December 31, 2015 and 2014 are as follows:



	2015					2014
(In thousands)	Asset			Liability		Asset			Liability
Depreciation and amortization	$	—		$	11,474	$	—		$	16,026
Expense accruals	24,538			—		27,737			—
Inventories	5,588			—		4,396			—
Provision for receivables	1,049			—		798			—
Deferred revenue	—			1,904		—			1,708
Operating loss carryforwards	77,151			—		75,635			—
Foreign tax credit carryforwards	19,199			—		16,476			—
Capital loss carryforwards	2,102			—		2,102			—
Pensions	66,675			—		91,377			—
Currency adjustments	28,589			—		35,386			—
Equity investment in Infrastructure strategic venture	—			10,688		—			23,885
Unit adjustment liability	29,491			—		34,675			—
Post-retirement benefits	869			—		905			—
Other	8,446			—		9,079			—
Subtotal	263,697			24,066		298,566			41,619
Valuation allowance	(110,680		)	—		(131,422		)	—
Total deferred income taxes	$	153,017		$	24,066	$	167,144		$	41,619

The deferred tax asset and liability balances recognized on the Consolidated Balance Sheets at December 31, 2015 and 2014 are as follows:



(In thousands)	2015		2014
Other current assets	$	38,899	$	39,003
Other assets	102,914		94,021
Other current liabilities	767		1,120
Deferred income taxes	12,095		6,379

Summary of Income Tax Contingencies

reconciliation of the change in the unrecognized income tax benefits balance from January 1, 2013 to December 31, 2015 is as follows:



(In thousands)	Unrecognized Income Tax Benefits			Deferred Income Tax Benefits			Unrecognized Income Tax Benefits, Net of Deferred Income Tax Benefits
Balances, January 1, 2013	$	24,918		$	(369	)	$	24,549
Additions for tax positions related to the current year (includes currency translation adjustment)	500			(5		)	495
Additions for tax positions related to prior years (includes currency translation adjustment)	145			(4		)	141
Other reductions for tax positions related to prior years	(3,050		)	—			(3,050		)
Statutes of limitation expirations	(3,348		)	180			(3,168		)
Settlements	(1,616		)	—			(1,616		)
Balance at December 31, 2013	17,549			(198		)	17,351
Additions for tax positions related to the current year (includes currency translation adjustment)	288			(2		)	286
Additions for tax positions related to prior years (includes currency translation adjustment)	156			(55		)	101
Other reductions for tax positions related to prior years	(3,056		)	—			(3,056		)
Statutes of limitation expirations	(2,481		)	143			(2,338		)
Settlements	—			—			—
Balance at December 31, 2014	12,456			(112		)	12,344
Additions for tax positions related to the current year (includes currency translation adjustment)	(483		)	(2		)	(485		)
Additions for tax positions related to prior years (includes currency translation adjustment)	1,249			(4		)	1,245
Other reductions for tax positions related to prior years	(7,846		)	—			(7,846		)
Statutes of limitation expirations	(173		)	59			(114		)
Settlements	(42		)	15			(27		)
Total unrecognized income tax benefits that, if recognized, would impact the effective income tax rate at December 31, 2015	$	5,161		$	(44	)	$	5,117