Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The Company's income before income taxes and income tax expense for continuing operations, each by tax jurisdiction, consisted of the following:

	Year ended December 31,
	2013			2012			2011
	(dollars in thousands)
Income before income taxes:
Domestic	$	50,150		$	11,920		$	49,060
Foreign	47,610			30,340			30,680
Total income before income taxes	$	97,760		$	42,260		$	79,740
Current income tax expense:
Federal	$	16,080		$	8,250		$	4,500
State and local	1,460			1,860			2,490
Foreign	9,650			4,190			9,890
Total current income tax expense	27,190			14,300			16,880
Deferred income tax expense (benefit):
Federal	(4,490		)	(6,200		)	10,390
State and local	(1,020		)	(750		)	830
Foreign	(3,290		)	(1,380		)	830
Total deferred income tax expense	(8,800		)	(8,330		)	12,050
Income tax expense	$	18,390		$	5,970		$	28,930

Schedule of Deferred Tax Assets and Liabilities

The components of deferred taxes at December 31, 2013 and 2012 are as follows:

	2013			2012
	(dollars in thousands)
Deferred tax assets:
Accounts receivable	$	1,240		$	1,110
Inventories	7,840			5,670
Accrued liabilities and other long-term liabilities	40,410			34,880
Tax loss and credit carryforwards	10,010			6,740
Gross deferred tax asset	59,500			48,400
Valuation allowances	(6,530		)	(4,440		)
Net deferred tax asset	52,970			43,960
Deferred tax liabilities:
Property and equipment	(20,420		)	(19,800		)
Goodwill and other intangible assets	(66,440		)	(60,990		)
Other, principally deferred income	(6,310		)	(3,860		)
Gross deferred tax liability	(93,170		)	(84,650		)
Net deferred tax liability	$	(40,200	)	$	(40,690	)

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of income tax expense computed at the U.S. federal statutory rate to income tax expense allocated to income from continuing operations before income taxes:

	2013			2012			2011
	(dollars in thousands)
U.S. federal statutory rate	35		%	35		%	35		%
Tax at U.S. federal statutory rate	$	34,220		$	14,790		$	27,910
State and local taxes, net of federal tax benefit	270			730			2,440
Differences in statutory foreign tax rates	(8,550		)	(4,920		)	(2,250		)
Change in recognized tax benefits	(1,630		)	(1,320		)	(700		)
Tax holiday(a)	(1,980		)	(1,160		)	—
Nontaxable gains	(5,460		)	—			—
Restructuring (benefits)/charges	2,230			(2,400		)	1,300
Noncontrolling interest	(1,410		)	(790		)	—
Net change in valuation allowance	1,980			1,600			130
Other, net	(1,280		)	(560		)	100
Income tax expense	$	18,390		$	5,970		$	28,930

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the change in the UTBs and related accrued interest and penalties for the years ended December 31, 2013 and 2012 is as follows:

	Unrecognized Tax Benefits
	(dollars in thousands)
Balance at December 31, 2011	$	13,390
Tax positions related to current year:
Additions	3,990
Tax positions related to prior years:
Additions	6,760
Reductions	(320		)
Settlements	(720		)
Lapses in the statutes of limitations	(1,370		)
Balance at December 31, 2012	$	21,730
Tax positions related to current year:
Additions	1,300
Tax positions related to prior years:
Additions	15,340
Reductions	(4,310		)
Settlements	—
Lapses in the statutes of limitations	(2,490		)
Balance at December 31, 2013	$	31,570