Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Components of Provision for Income Taxes

The provision for income taxes from continuing operations consists of the following:

	For the years ended December 31,
In thousands	2012		2011		2010
Current:
Federal	$	3,208	$	1,534	$	(1,422	)
State		265		15		(24	)
Foreign		2,352		3,623		1,921
Total Current		5,825		5,172		475
Deferred:
Federal	$	(2,031)	$	503	$	(1,209	)
State		(291)		108		666
Foreign		673		572		940
Total Deferred		(1,649)		1,183		397
Provision for income taxes	$	4,176	$	6,355	$	872

Reconciliation of the Difference between the Actual Provisions for Income Taxes

The following is a reconciliation of the difference between the actual provision for income taxes from continuing operations and the provision computed by applying the federal statutory tax rate on earnings:

	For the years ended December 31,
In thousands	2012		2011			2010
Statutory federal income tax rate		35.0%		34.0	%		34.0	%
State income taxes, including valuation allowances		—		1.9			20.7
Valuation allowances for deferred tax assets		(15.5)		2.2			87.8
Foreign dividends		0.9		1.7			30.8
Reserve for tax contingencies		0.1		0.6			(7.5	)
Manufacturing deduction		(2.4)		(1.3	)		—
France tax law change		1.0		1.8			5.9
IRC section 987 loss		—		—			(143.3	)
Other		0.8		0.4			3.1
Effective income tax rate		19.9%		41.3	%		31.5	%

Schedule Presents Net Current and Net Long-Term Deferred Tax Assets and Liabilities by Tax Jurisdiction

The following schedule presents net current and net long-term deferred tax assets and liabilities by tax jurisdiction as of December 31, 2012 and 2011:

	2012				2011
	Deferred Tax Assets				Deferred Tax Assets
In thousands	Current		Long-term		Current		Long-term
Federal	$	3,862	$	—	$	1,832	$	—
State		348		—		58		—
Foreign		289		474		288		798
Totals	$	4,499	$	474	$	2,178	$	798

	2012				2011
	Deferred Tax Liabilities				Deferred Tax Liabilities
In thousands	Current		Long-term		Current		Long-term
Federal	$	—	$	2,935	$	—	$	4,491
State		—		205		—		406
Foreign		26		762		32		343
Totals	$	26	$	3,902	$	32	$	5,240

Components of Deferred Tax Asset and Liability

Net deferred tax assets (liabilities) consist of the following as of December 31, 2012 and 2011:

	December 31,
In thousands	2012		2011
Deferred tax assets:
Accounts receivable	$	108	$	106
Inventories		591		733
Net operating loss carryforwards		4,268		4,429
Other accrued liabilities		1,679		1,619
Pension		9,454		8,048
Tax Credits		3,442		6,061
Total deferred tax assets		19,542		20,996
Deferred tax liabilities:
Domestic liability of foreign assets	$	448	$	766
Intangible assets		6,121		6,015
Property, plant and equipment		8,341		9,379
Total deferred tax liabilities		14,910		16,160
Valuation allowance		3,587		7,132
Net deferred tax assets (liabilities)	$	1,045	$	(2,296	)

Schedule of Income from Continuing Operations before Income Taxes

For the years ended December 31, 2012, 2011 and 2010, income from continuing operations before income taxes was derived from the following sources:

	For the years ended December 31,
In thousands	2012		2011		2010
United States	$	14,573	$	4,767	$	(4,906	)
Foreign		6,409		10,635		7,677
Total income from continuing operations before income taxes	$	20,982	$	15,402	$	2,771

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:

In thousands	2012		2011
Unrecognized tax benefits at beginning of year	$	870	$	822
Increases relating to positions taken in prior periods		336		194
Increases (decreases) relating to current period		14		(48	)
Decreases due to settlements with tax authorities		(106)		—
Decreases due to lapse of statute of limitations		(85)		(98	)
Unrecognized tax benefits at end of year	$	1,029	$	870