Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Income before Income Tax, Domestic and Foreign

The components of the Company’s income (loss) before income taxes and equity in earnings of non-consolidated affiliates by taxing jurisdiction for the years ended December 31, were:


	2020		2019		2018
Income (Loss):
U.S.	$	(73,227)	$	(17,491)	$	(76,960)
Non-U.S.	(15,175)		38,358		(11,709)
	$	(88,402)	$	20,867	$	(88,669)

Schedule Of Components Of Income Taxes Provision Benefit

The provision (benefit) for income taxes by taxing jurisdiction for the years ended December 31, were:


	2020		2019		2018
Current tax provision
U.S. federal	$	3,016	$	2,638	$	444
U.S. state and local	742		12		2
Non-U.S.	4,241		2,875		7,584
	7,999		5,525		8,030
Deferred tax provision (benefit):
U.S. federal	75,686		4,635		(10,817)
U.S. state and local	34,404		1,130		(3,476)
Non-U.S.	(1,534)		(974)		35,878
	108,556		4,791		21,585
Income tax expense (benefit)	$	116,555	$	10,316	$	29,615

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense (benefit) using the U.S. federal income tax rate compared with actual income tax expense for the years ended December 31, is as follows:


	2020			2019			2018
Income (loss) before income taxes, equity in non-consolidated affiliates and noncontrolling interest	$	(88,402)		$	20,867		$	(88,669)
Statutory income tax rate	21.0		%	21.0		%	21.0		%
Tax expense (benefit) using U.S. statutory income tax rate	(18,564)			4,382			(18,621)
State and foreign taxes	(3,486)			1,496			(3,944)
Non-deductible stock-based compensation	1,162			3,823			1,512
Global intangible low-taxed income	1,363			1,147			710
Base erosion and anti-abuse tax	4,697			2,504			389
Other non-deductible expense	1,043			273			1,388
Change to valuation allowance	128,938			(2,830)			49,482
Effect of the difference in U.S. federal and local statutory rates	67			1,422			(152)
Noncontrolling interests	(4,649)			(3,566)			(2,674)
Other impacts of foreign operations	1,160			2,724			612
Impact of goodwill impairments	10,158			436			8,703
Adjustments to accrued taxes in previous periods	4,641			(3,544)			1,192
Adjustment to deferred tax balances*	(9,999)			1,920			(8,845)
Other, net	24			129			(137)
Income tax expense (benefit)	$116,555			$10,316			$29,615
Effective income tax rate	(131.8)%			49.4%			(33.4)%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of significant temporary differences representing deferred tax assets and liabilities at December 31, were as follows:


	2020		2019
Deferred tax assets:
Accounting reserves and other	$	20,831	$	10,987
Net operating loss carryforwards	47,139		60,705
Interest deductions	20,819		16,797
Refinancing charge	—		669
Goodwill and intangibles	122,045		117,421
Stock compensation	1,693		1,736
Pension plan	4,856		4,414
Unrealized foreign exchange	11,995		11,373
Capital loss carryforwards	13,657		13,081
Lease liabilities	77,870		76,397
Gross deferred tax asset	320,905		313,580
Less: valuation allowance	(198,452)		(65,649)
Net deferred tax assets	122,453		247,931
Deferred tax liabilities:
Right-of-use assets	$	(57,890)	$	(67,613)
Refinancing charge	(1,675)		—
Withholding taxes	(475)		(546)
Capital assets	(1,893)		(382)
Goodwill amortization	(88,326)		(98,677)
Total deferred tax liabilities	(150,259)		(167,218)
Net deferred tax asset (liability)	$	(27,806)	$	80,713

Deferred tax assets	$	179	$	84,900
Deferred tax liabilities	(27,985)		(4,187)
	$	(27,806)	$	80,713

Schedule Of Changes In Tax Reserve

If these unrecognized tax benefits were to be recognized, it would affect the Company’s effective tax rate.


	2020		2019		2018
A reconciliation of the change in unrecognized tax benefits is as follows:
Unrecognized tax benefit - Beginning Balance	$	996	$	887	$	1,433
Current year positions	581		275		—
Prior period positions	—		—		7
Settlements	—		—		(314)
Lapse of statute of limitations	(170)		(166)		(239)
Unrecognized tax benefits - Ending Balance	$	1,407	$	996	$	887