Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

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

	Year ended December 31,
	2015			2014			2013
	(dollars in thousands)
Income (loss) before income taxes:
Domestic	$	(3,150	)	$	67,300		$	47,760
Foreign	(18,970		)	2,300			28,390
Total income (loss) before income taxes	$	(22,120	)	$	69,600		$	76,150
Current income tax expense:
Federal	$	12,150		$	24,630		$	13,020
State and local	1,080			3,440			1,740
Foreign	2,060			1,170			6,690
Total current income tax expense	15,290			29,240			21,450
Deferred income tax expense (benefit):
Federal	(1,980		)	(9,370		)	(2,420		)
State and local	(1,530		)	(40		)	(1,280		)
Foreign	(5,240		)	2,880			(840		)
Total deferred income tax expense	(8,750		)	(6,530		)	(4,540		)
Income tax expense	$	6,540		$	22,710		$	16,910

Schedule of Deferred Tax Assets and Liabilities

The components of deferred taxes at December 31, 2015 and 2014 are as follows:

	2015			2014
	(dollars in thousands)
Deferred tax assets:
Accounts receivable	$	550		$	350
Inventories	5,680			5,680
Accrued liabilities and other long-term liabilities	27,550			34,430
Tax loss and credit carryforwards	4,660			12,420
Gross deferred tax asset	38,440			52,880
Valuation allowances	(3,060		)	(5,980		)
Net deferred tax asset	35,380			46,900
Deferred tax liabilities:
Property and equipment	(16,340		)	(19,290		)
Goodwill and other intangible assets	(26,600		)	(44,570		)
Other, principally deferred income	(3,450		)	(5,020		)
Gross deferred tax liability	(46,390		)	(68,880		)
Net deferred tax liability	$	(11,010	)	$	(21,980	)

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:

	2015			2014			2013
	(dollars in thousands)
U.S. federal statutory rate	35		%	35		%	35		%
Tax at U.S. federal statutory rate	$	(7,740	)	$	24,360		$	26,650
State and local taxes, net of federal tax benefit	(520		)	2,520			280
Differences in statutory foreign tax rates	110			(200		)	(4,330		)
Change in recognized tax benefits	(460		)	(2,490		)	(1,900		)
Goodwill impairment	11,430			—			—
Nontaxable gains	(980		)	—			(5,460		)
Restructuring (benefits)/charges	—			—			2,230
Noncontrolling interest	—			(280		)	(1,410		)
Research and manufacturing incentives	(1,680		)	(1,920		)	(1,680		)
Tax on undistributed foreign earnings	610			50			290
Net change in valuation allowance	3,770			3,270			820
Other, net	2,000			(2,600		)	1,420
Income tax expense	$	6,540		$	22,710		$	16,910

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, 2015 and 2014 is as follows:

	Unrecognized Tax Benefits
	(dollars in thousands)
Balance at December 31, 2013	$	8,470
Tax positions related to current year:
Additions	390
Tax positions related to prior years:
Additions	270
Reductions	(1,280		)
Settlements	—
Lapses in the statutes of limitations	(2,580		)
Balance at December 31, 2014	$	5,270
Tax positions related to current year:
Additions	240
Tax positions related to prior years:
Additions	1,570
Reductions	(360		)
Settlements	(390		)
Lapses in the statutes of limitations	(1,720		)
Balance at December 31, 2015	$	4,610