Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Components Of Income Before Income Taxes

(In thousands)	2019			2018			2017
Components of income (loss) before income taxes
U.S. income (loss)	$	126,552		$	85,234		$	(20,555	)
Non-U.S. income	57,183			77,101			50,330
Income before income taxes	183,735			162,335			29,775
Provision for income taxes
Current
Federal	$	13,770		$	13,574		$	22,272
State	5,436			4,265			813
Non-U.S.	25,608			23,446			11,054
Total current provision	44,814			41,285			34,139
Deferred
Federal	$	5,744		$	291		$	(26,931	)
State	1,346			(1,604		)	(3,630		)
Non-U.S.	(5,818		)	(2,752		)	(759		)
Total deferred provision (benefit)	1,272			(4,065		)	(31,320		)
Provision for income taxes	$	46,086		$	37,220		$	2,819

Reconciliation Of U.S. Federal Income Tax Rates To Effective Tax Rate

Reconciliation of the U.S. federal income tax rates to our effective tax rate:

	2019		2018		2017
U.S. federal income tax rate	21.0	%	21.0	%	35.0	%
State income taxes—U.S.	2.9	%	1.3	%	(6.2	)%
Nondeductible Compensation	1.9	%	1.0	%	—	%
Foreign exchange on entity closures	1.8	%	—	%	—	%
Valuation allowances	0.4	%	0.5	%	(3.3	)%
Taxes on non-U.S. income - U.S., Canadian & European reorganization	0.3	%	1.1	%	(8.4	)%
U.S. tax reform	—	%	1.6	%	66.6	%
Manufacturing deduction credit	—	%	(1.0	)%	(15.3	)%
Employee share-based payments	(2.6	)%	(1.6	)%	(28.0	)%
Research and development credit	(0.6	)%	(0.9	)%	(4.7	)%
Taxes on non-U.S. income	(0.5	)%	0.4	%	(24.6	)%
Other	0.5	%	(0.5	)%	(1.6	)%
Effective income tax rate	25.1	%	22.9	%	9.5	%

Components of Deferred Tax Assets and Liabilities

Components of deferred tax assets and liabilities:

	December 31,
(In thousands)	2019			2018
Deferred tax assets
Product liability	$	29,405		$	31,169
Capitalized research and development	17,886			10,938
Employee benefits	12,009			9,641
Net operating losses and tax credit carryforwards	6,026			7,845
Share-based compensation	5,396			5,561
Accrued expenses and other reserves	4,384			4,385
Other	3,828			4,056
Total deferred tax assets	78,934			73,595
Valuation allowances	(5,937		)	(5,039		)
Net deferred tax assets	72,997			68,556
Deferred tax liabilities
Goodwill and intangibles	(35,999		)	(31,290		)
Property, plant and equipment	(11,714		)	(9,555		)
Other	(2,475		)	(2,353		)
Total deferred tax liabilities	(50,188		)	(43,198		)
Net deferred taxes	$	22,809		$	25,358

Schedule Of Reconciliation Of Change In Tax Liability For Unrecognized Tax Benefits

A reconciliation of the change in the tax liability for unrecognized tax benefits for the years ended December 31, 2019 and 2018 is as follows:

(In thousands)	2019			2018
Beginning balance	$	16,155		$	15,055
Adjustments for tax positions related to the current year	—			1,869
Adjustments for tax positions related to prior years	(7,740		)	(32		)
Statute expiration	(3,296		)	(737		)
Ending balance	$	5,119		$	16,155