Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Income before Income Tax, Domestic and Foreign

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



(In thousands)	2019			2018		2017
U.S.	$	(13,934	)	$	28,281	$	(9,235	)
International	70,405			85,368		84,637
Total income (loss) from continuing operations before income taxes and equity income	$	56,471		$	113,649	$	75,402

Schedule of Components of Income Tax Expense (Benefit)

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



(In thousands)	2019			2018			2017
Income tax expense (benefit):
Currently payable:
U.S. federal	$	903		$	(7	)	$	654
U.S. state	233			177			54
International	23,775			17,127			19,763
Total income taxes currently payable	24,911			17,297			20,471
Deferred U.S. federal	(5,924		)	1,854			46,372
Deferred U.S. state	(1,303		)	(10,911		)	1,121
Deferred international	2,530			(2,741		)	10,226
Total income tax expense from continuing operations	$	20,214		$	5,499		$	78,190

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the normal expected statutory U.S. federal income tax expense (benefit) to the actual Income tax expense from continuing operations as reported on the Consolidated Statements of Operations is as follows:



(In thousands)	2019			2018			2017
U.S. federal income tax expense	$	11,859		$	23,866		$	26,391
U.S. state income taxes, net of federal income tax benefit	(274		)	566			642
U.S. other domestic deductions and credits	(1,322		)	(2,407		)	(364		)
Difference in effective tax rates on international earnings and remittances	9,550			5,394			647
Uncertain tax position contingencies and settlements	310			(1,180		)	(1,518		)
Changes in realization on beginning of the year deferred tax assets	2,343			(6,937		)	1,983
U.S. non-deductible expenses	2,554			1,128			609
Impact of U.S. tax reform	1,643			(11,686		)	49,811
State deferred tax rate change	(3,353		)	—			623
Foreign derived intangible income deduction	—			(2,366		)	—
Employee share-based payments	(3,064		)	(736		)	(346		)
Other, net	(32		)	(143		)	(288		)
Total income tax expense from continuing operations	$	20,214		$	5,499		$	78,190

Schedule of Deferred Tax Assets and Liabilities

The income tax effects of the temporary differences giving rise to the Company's deferred tax assets and liabilities at December 31, 2019 and 2018 are as follows:



	2019					2018
(In thousands)	Asset			Liability		Asset			Liability
Depreciation and amortization (a)	$	—		$	58,229	$	—		$	8,714
Expense accruals	18,421			—		18,827			—
Inventories	4,568			—		3,071			—
Provision for receivables	1,109			—		689			—
Deferred revenue	—			3,222		—			3,122
Operating loss carryforwards	85,378			—		81,755			—
Foreign tax credit carryforwards	24,219			—		25,814			—
Capital loss carryforwards	—			—		9,759			—
Pensions	38,766			—		40,442			—
Currency adjustments	462			—		3,796			—
Deferred financing costs	—			566		—			2,226
Post-retirement benefits	411			—		471			—
Stock based compensation	6,572			—		5,832			—
Other	—			769		5,477			—
Subtotal	179,906			62,786		195,933			14,062
Valuation allowance	(127,074		)	—		(137,450		)	—
Total deferred income taxes	$	52,832		$	62,786	$	58,483		$	14,062


(a)	The increase in 2019 is primarily related to the Clean Earth acquisition. See Note 3, Acquisitions and Dispositions, for additional information.

The deferred tax asset and liability balances recognized on the Consolidated Balance Sheets at December 31, 2019 and 2018 are as follows:



(In thousands)	2019		2018
Deferred income tax assets	$	14,288	$	48,551
Other liabilities	24,242		4,130

Summary of Income Tax Contingencies

A reconciliation of the change in the unrecognized income tax benefits balance from January 1, 2017 to December 31, 2019 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, 2017	$	4,582		$	(30	)	$	4,552
Additions for tax positions related to the current year (includes currency translation adjustment)	658			(2		)	656
Other reductions for tax positions related to prior years	(321		)	—			(321		)
Statutes of limitation expirations	(1,296		)	1			(1,295		)
Balance at December 31, 2017	3,623			(31		)	3,592
Additions for tax positions related to the current year (includes currency translation adjustment)	196			(1		)	195
Statutes of limitation expirations	(1,397		)	6			(1,391		)
Balance at December 31, 2018	2,422			(26		)	2,396
Additions for tax positions related to the current year (includes currency translation adjustment)	414			(7		)	407
Additions for tax positions related to prior years (includes currency translation adjustment)	681			—			681
Statutes of limitation expirations	(326		)	2			(324		)
Settlements	(62		)	9			(53		)
Total unrecognized income tax benefits that, if recognized, would impact the effective income tax rate at December 31, 2019	$	3,129		$	(22	)	$	3,107