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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Income Tax Provision
The following table summarizes the provision (benefit) for U.S. federal, state, and foreign taxes on income from continuing operations:
Year Ended December 31,
In thousands202120202019
Current:
Federal$20,197 $(963)$4,859 
State and local7,271 1,731 2,179 
Foreign12,594 12,409 13,771 
Total current40,062 13,177 20,809 
Deferred:
Federal(36,196)(2,852)2,334 
State and local(12,186)(3,340)(1,846)
Foreign(12,657)(60,444)(1,518)
Total deferred(61,039)(66,636)(1,030)
Change in valuation allowance(24,535)53,697 838 
Total provision (benefit) for income taxes$(45,512)$238 $20,617 
Income Tax Rate Reconciliation A reconciliation of income taxes at the U.S. federal statutory rate of 21% to the consolidated actual tax rate is as follows:
Year Ended December 31,
In thousands202120202019
Income (loss) before income taxes
Domestic$(91,579)$24,010 $57,261 
Foreign(32,231)(80,649)15,771 
Total income (loss) before income taxes$(123,810)$(56,639)$73,032 
Expected federal income tax provision (benefit)$(26,000)$(11,894)$15,337 
Latin America Divestiture— 10,936 — 
Change in valuation allowance(24,535)53,697 838 
Onshoring of international operations(10,933)— — 
Stock-based compensation(2,465)(163)(2,130)
Foreign earnings25,738 (58,649)(15,610)
Tax credits(8,988)(9,101)(8,794)
Uncertain tax positions, including interest and penalties6,693 11,144 13,060 
Change in tax rates(1,919)557 9,514 
State income tax provision (benefit), net of federal effect(5,722)(1,997)2,805 
U.S. tax provision on foreign earnings58 142 129 
Local foreign taxes667 1,298 1,471 
Other, net1,894 4,268 3,997 
Total provision (benefit) from income taxes$(45,512)$238 $20,617 
Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities consist of the following:
December 31,
In thousands20212020
Deferred tax assets
Loss carryforwards(1)
$412,023 $423,013 
Tax credits(2)
39,767 88,433 
Accrued expenses68,757 47,569 
Pension plan benefits expense17,140 21,735 
Warranty reserves9,302 11,083 
Depreciation and amortization94,917 6,363 
Equity compensation6,126 4,701 
Inventory valuation2,593 1,799 
Deferred revenue11,534 9,705 
Interest17,971 — 
Leases9,460 10,872 
Other deferred tax assets, net9,062 10,817 
Total deferred tax assets698,652 636,090 
Valuation allowance(443,593)(503,859)
Total deferred tax assets, net of valuation allowance255,059 132,231 
Deferred tax liabilities
Depreciation and amortization(56,897)(39,995)
Leases(8,489)(10,046)
Other deferred tax liabilities, net(10,201)(7,969)
Total deferred tax liabilities(75,587)(58,010)
Net deferred tax assets$179,472 $74,221 

(1)For tax return purposes at December 31, 2021, we had U.S. federal loss carryforwards of $4.8 million, which begin to expire in the year 2022. At December 31, 2021, we have net operating loss carryforwards in Luxembourg of $1.3 billion, the majority of which can be carried forward indefinitely, offset by a full valuation allowance. The remaining portion of the loss carryforwards are composed primarily of losses in various other state and foreign jurisdictions. The majority of these losses can be carried forward indefinitely. At December 31, 2021, there was a valuation allowance of $443.6 million primarily associated with foreign loss carryforwards.
(2)For tax return purposes at December 31, 2021, we had: (1) U.S. general business credits of $53.3 million, which begin to expire in 2028; (2) U.S. foreign tax credits of $1.6 million, which begin to expire in 2025; and (3) state tax credits of $39.3 million, which begin to expire in 2022.
Summary of Valuation Allowance
Changes in the valuation allowance for deferred tax assets are summarized as follows:
Year Ended December 31,
In thousands202120202019
Balance at beginning of period$503,859 $427,030 $437,149 
Other adjustments(35,731)23,132 (10,957)
Additions charged to costs and expenses(24,535)53,697 838 
Balance at end of period, noncurrent$443,593 $503,859 $427,030 
Unrecognized Tax Benefits Related To Uncertain Tax Positions
A reconciliation of the beginning and ending amount of unrecognized tax benefits were as follows:
In thousandsTotal
Unrecognized tax benefits at January 1, 2019$112,558 
Gross increase to positions in prior years1,067 
Gross decrease to positions in prior years(3,296)
Gross increases to current period tax positions13,762 
Audit settlements— 
Decrease related to lapsing of statute of limitations(1,574)
Effect of change in exchange rates(802)
Unrecognized tax benefits at December 31, 2019$121,715 
Gross increase to positions in prior years633 
Gross decrease to positions in prior years(2,140)
Gross increases to current period tax positions14,821 
Audit settlements(795)
Decrease related to lapsing of statute of limitations(2,381)
Effect of change in exchange rates4,057 
Unrecognized tax benefits at December 31, 2020$135,910 
Gross increase to positions in prior years570 
Gross decrease to positions in prior years(19,709)
Gross increases to current period tax positions31,456 
Audit settlements— 
Decrease related to lapsing of statute of limitations(4,535)
Effect of change in exchange rates(4,163)
Unrecognized tax benefits at December 31, 2021$139,529 

At December 31,
In thousands202120202019
The amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate$139,503 $134,473 $120,410 
The net interest and penalties expense recognized were as follows:
Year Ended December 31,
In thousands202120202019
Net interest and penalties expense (benefit)$(1,097)$400 $708 

At December 31,
In thousands20212020
Accrued interest$2,964 $3,432 
Accrued penalties747 1,645 
We file income tax returns in various jurisdictions. We are subject to income tax examination by tax authorities in our major tax jurisdictions as follows:
Tax JurisdictionYears Subject to Audit
U.S. federalSubsequent to 2002
FranceSubsequent to 2018
GermanySubsequent to 2013
United KingdomSubsequent to 2016
IndonesiaSubsequent to 2015
ItalySubsequent to 2016