Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022		2021		2020
U.S.	$	(152,602)	$	(34,462)	$	(87,315)
International	29,644		71,968		33,095
Total income (loss) from continuing operations before income taxes and equity income	$	(122,958)	$	37,506	$	(54,220)

Schedule of Components of Income Tax Expense (Benefit)

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


(In thousands)	2022		2021		2020
Income tax expense (benefit):
Currently payable:
U.S. federal	$	—	$	—	$	(12,116)
U.S. state	1,416		507		468
International	14,914		22,295		16,518
Total income taxes currently payable	16,330		22,802		4,870
Deferred U.S. federal	(6,219)		(4,594)		(10,558)
Deferred U.S. state	(2,274)		(18)		(3,078)
Deferred international	2,544		(9,101)		93
Total income tax expense (benefit) from continuing operations	$	10,381	$	9,089	$	(8,673)

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 (benefit) from continuing operations as reported on the Consolidated Statements of Operations is as follows:


(In thousands)	2022		2021		2020
U.S. federal income tax expense (benefit), at statutory tax rate of 21%	$	(25,821)	$	7,877	$	(11,386)
U.S. state income taxes, net of federal income tax benefit	(929)		(310)		(2,015)
U.S. other domestic deductions and credits	(594)		(415)		(1,312)
Difference in effective tax rates on international earnings and remittances	8,929		4,488		7,872
Uncertain tax position contingencies and settlements	(290)		783		289
Changes in realization of deferred tax assets	8,263		(5,035)		(1,501)
U.S. non-deductible expenses	791		936		2,300

Nondeductible goodwill impairment	19,548		—		—
State deferred tax rate changes	154		592		(40)
Foreign derived intangible income deduction	(938)		—		—
Share-based compensation	1,268		173		(184)
Net operating loss carryback	—		—		(2,696)
Total income tax expense (benefit) from continuing operations	$	10,381	$	9,089	$	(8,673)

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, 2022 and 2021 are as follows:


	2022 (a)				2021 (a)
(In thousands)	Asset		Liability		Asset		Liability
Depreciation and amortization	$	—	$	61,145	$	—	$	80,278
Right-of-use assets	—		24,826		—		25,130
Operating lease liabilities	25,024		—		24,802		—
Expense accruals	28,758		—		24,949		—
Inventories	4,011		—		3,400		—
Provision for receivables	2,781		—		3,997		—
Deferred revenue	4,484		—		—		2,750
Operating loss carryforwards	54,237		—		67,442		—
Tax credit carryforwards	21,443		—		18,608		—

Pensions	5,171		—		23,298		—
Currency adjustments	—		3,330		3,701		—

Section 163(j) disallowed interest expense	13,869		—		4,843		—
Research and development	2,795		—		—		—
Stock based compensation	6,580		—		7,396		—
Other	—		3,198		2,164		—
Subtotal	169,153		92,499		184,600		108,158
Valuation allowance	(89,234)		—		(92,385)		—
Total deferred income taxes	$	79,919	$	92,499	$	92,215	$	108,158

(a) Does not include approximately $1.0 billion of statutory loss carryforwards within Luxembourg for which the Company considers the utilization of these attributes remote and as such no deferred tax asset or corresponding valuation allowance has been recorded.

Summary of Income Tax Contingencies

A reconciliation of the change in the unrecognized income tax benefits balance from January 1, 2020 to December 31, 2022 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, 2020	$	3,129	$	(22)	$	3,107
Additions for tax positions related to the current year (includes currency translation adjustment)	596		(2)		594

Other reductions for tax positions related to prior years	(771)		—		(771)
Statutes of limitation expirations	(58)		2		(56)

Balance at December 31, 2020	2,896		(22)		2,874
Additions for tax positions related to the current year (includes currency translation adjustment)	316		(1)		315
Additions for tax positions related to prior years (includes currency translation adjustment)	500		—		500

Statutes of limitation expirations	(585)		1		(584)

Balance at December 31, 2021	3,127		(22)		3,105

Additions for tax positions related to the current year (includes currency translation adjustment)	189		(1)		188


Statutes of limitation expirations	(524)		2		(522)

Total unrecognized income tax benefits that, if recognized, would impact the effective income tax rate at December 31, 2022	$	2,792	$	(21)	$	2,771

Tax Years Subjected to Examniation

The tax years that remain subject to examination for the Company's major tax jurisdictions as of December 31, 2022 are shown below:


Jurisdiction						Earliest Open Year
Brazil						2018
China						2017
France						2020
United States:
Federal income tax						2014
State income tax						2016