INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES

Schedule of income before income taxes

Years Ended December 31,	2014		2013		2012
United States	$	31,681	$	28,968	$	58,250
International		254,620		235,415		183,123
Total	$	286,301	$	264,383	$	241,373

Components of provision (benefit) for income taxes

Years Ended December 31,	2014			2013			2012
Current:
U.S. Federal	$	14,023		$	7,174		$	17,027
State/Local		42			(631	)		491
International		99,585			79,070			70,450
	$	113,650		$	85,613		$	87,968
Deferred:
U.S. Federal/State	$	(10,130	)	$	9,575		$	8,757
International		(8,843	)		(2,731	)		(17,772	)
	$	(18,973	)	$	6,844		$	(9,015	)
Total	$	94,677		$	92,457		$	78,953

Schedule of reconciliation of actual income tax provision and the tax provision computed by applying statutory federal income tax rate

Years Ended December 31,	2014			2013			2012
Income tax at statutory rate	$	100,205		$	92,534		$	84,481
State income taxes (benefits), net of federal benefit (tax)		770			(610	)		717
Provision for distribution of current foreign earnings		695			11,388			9,552
Rate differential on earnings of foreign operations		(5,478	)		(10,167	)		(14,865	)
Other items, net		(1,515	)		(688	)		(932	)
Actual income tax provision	$	94,677		$	92,457		$	78,953
Effective income tax rate		33.1	%		35.0	%		32.7	%

Components of significant deferred tax assets and liabilities

	2014			2013
Deferred Tax Assets:
Pension liabilities	$	35,582		$	21,106
Stock options		15,672			10,785
Foreign tax credit carryforward		10,348			—
Net operating loss carryforwards		7,896			6,675
U.S. state tax credits		7,641			6,192
Vacation		5,892			6,109
Workers compensation		4,526			4,180
Other		9,584			15,709
Total gross deferred tax assets		97,141			70,756
Less valuation allowance		(7,734	)		(4,840	)
Net deferred tax assets		89,407			65,916
Deferred Tax Liabilities:
Depreciation, amortization and leases		53,121			61,316
Acquisition related intangibles		18,058			20,100
Total gross deferred tax liabilities		71,179			81,416
Net deferred tax assets / (liabilities)	$	18,228		$	(15,500	)

Schedule of reconciliation of the beginning and ending amount of income tax uncertainties

	2014			2013			2012
Balance at January 1	$	7,988		$	8,464		$	9,071
Increases based on tax positions for the current year		113			110			245
Increases based on tax positions of prior years		228			381			107
Decreases based on tax positions of prior years		(1,073	)		(92	)		(257	)
Settlements		(407	)		(515	)		(21	)
Lapse of statute of limitations		(441	)		(360	)		(681	)
Balance at December 31	$	6,408		$	7,988		$	8,464

Summary of major tax jurisdictions the Company files in, with the years still subject to income tax examinations

Major Tax Jurisdiction	Tax Years Subject to Examination
United States — Federal	2011 – 2014
United States — State	2009 – 2014
France	2012 – 2014
Germany	2011 – 2014
Italy	2010 – 2014
China	2012 – 2014