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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
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 thousands202220212020
Current:
Federal$(2,692)$20,197 $(963)
State and local3,698 7,271 1,731 
Foreign25,433 12,594 12,409 
Total current26,439 40,062 13,177 
Deferred:
Federal(24,167)(36,196)(2,852)
State and local(4,723)(12,186)(3,340)
Foreign(23,832)(12,657)(60,444)
Total deferred(52,722)(61,039)(66,636)
Change in valuation allowance20,087 (24,535)53,697 
Total provision (benefit) for income taxes$(6,196)$(45,512)$238 
Income Tax Rate Reconciliation A reconciliation of income taxes at the U.S. federal statutory rate of 21% to the consolidated actual tax rate is as follows:
Year Ended December 31,
In thousands202220212020
Income (loss) before income taxes
Domestic$(19,104)$(91,579)$24,010 
Foreign3,361 (32,231)(80,649)
Total income (loss) before income taxes$(15,743)$(123,810)$(56,639)
Expected federal income tax provision (benefit)$(3,306)$(26,000)$(11,894)
Divestitures1,578 — 10,936 
Change in valuation allowance20,087 (24,535)53,697 
Onshoring of international operations— (10,933)— 
Stock-based compensation1,611 (2,465)(163)
Foreign earnings(22,244)25,738 (58,649)
Tax credits(10,967)(8,988)(9,101)
Uncertain tax positions, including interest and penalties(2,053)6,693 11,144 
Change in tax rates385 (1,919)557 
State income tax provision (benefit), net of federal effect(2,873)(5,722)(1,997)
U.S. tax provision on foreign earnings146 58 142 
Nondeductible goodwill impairment6,375 — — 
Local foreign taxes551 667 1,298 
Other, net4,514 1,894 4,268 
Total provision (benefit) from income taxes$(6,196)$(45,512)$238 
Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities consist of the following:
December 31,
In thousands20222021
Deferred tax assets
Loss carryforwards(1)
$405,674 $412,023 
Tax credits(2)
44,790 39,767 
Accrued expenses18,774 39,511 
Pension plan benefits expense7,037 17,140 
Warranty reserves8,535 9,302 
Depreciation and amortization72,505 94,917 
Equity compensation7,061 6,126 
Inventory valuation5,356 2,593 
Deferred revenue13,346 11,534 
Interest11,721 17,971 
Leases9,543 9,460 
Capitalized research costs74,058 29,246 
Other deferred tax assets, net7,986 9,062 
Total deferred tax assets686,386 698,652 
Valuation allowance(427,423)(443,593)
Total deferred tax assets, net of valuation allowance258,963 255,059 
Deferred tax liabilities
Depreciation and amortization(34,909)(56,897)
Leases(8,274)(8,489)
Other deferred tax liabilities, net(4,631)(10,201)
Total deferred tax liabilities(47,814)(75,587)
Net deferred tax assets$211,149 $179,472 

(1)For tax return purposes at December 31, 2022, we had U.S. federal loss carryforwards of $4.2 million, which begin to expire in the year 2023. At December 31, 2022, 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, 2022, there was a valuation allowance of $427.4 million primarily associated with foreign loss carryforwards.
(2)For tax return purposes at December 31, 2022, we had: U.S. general business credits of $47.1 million, which begin to expire in 2037; and state tax credits of $41.9 million, which begin to expire in 2023.
Summary of Valuation Allowance
Changes in the valuation allowance for deferred tax assets are summarized as follows:
Year Ended December 31,
In thousands202220212020
Balance at beginning of period$443,593 $503,859 $427,030 
Other adjustments(36,257)(35,731)23,132 
Additions charged to costs and expenses20,087 (24,535)53,697 
Balance at end of period, noncurrent$427,423 $443,593 $503,859 
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, 2020$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 
Gross increase to positions in prior years14,450 
Gross decrease to positions in prior years(2,786)
Gross increases to current period tax positions4,702 
Audit settlements— 
Decrease related to lapsing of statute of limitations(23,164)
Effect of change in exchange rates(2,587)
Unrecognized tax benefits at December 31, 2022$130,144 

At December 31,
In thousands202220212020
The amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate$130,137 $139,503 $134,473 
The net interest and penalties expense recognized were as follows:
Year Ended December 31,
In thousands202220212020
Net interest and penalties expense (benefit)$4,665 $(1,097)$400 

At December 31,
In thousands20222021
Accrued interest$7,575 $2,964 
Accrued penalties567 747 
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 2018
IndonesiaSubsequent to 2017
ItalySubsequent to 2016