Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Components of Income Tax Expense

	Years ended December 31,
	2013			2012			2011
	(In thousands)
Income (loss) from continuing operations before taxes:
United States operations	$	31,678		$	(22,533	)	$	27,324
Foreign operations		95,371			27,575			90,775
Income from continuing operations before taxes	$	127,049		$	5,042		$	118,099
Income tax expense (benefit):
Currently payable
United States federal	$	(4,493	)	$	(6,944	)	$	(4,741	)
United States state and local		(26	)		(2,519	)		1,303
Foreign		21,377			14,020			18,572
		16,858			4,557			15,134
Deferred
United States federal		3,575			(22,661	)		(1,276	)
United States state and local		1,593			(424	)		(799	)
Foreign		289			(19,666	)		3,732
		5,457			(42,751	)		1,657
Income tax expense (benefit)	$	22,315		$	(38,194	)	$	16,791

Effective Income Tax Rate Reconciliation from Continuing Operations

	Years Ended December 31,
	2013			2012			2011
Effective income tax rate reconciliation from continuing operations:
United States federal statutory rate		35.0	%		35.0	%		35.0	%
State and local income taxes		1.5	%		(10.7	%)		0.8	%
Impact of change in deferred tax asset valuation allowance		(0.6	%)		(187.8	%)		(6.8	%)
Impact of change in tax contingencies		3.8	%		3.3	%		(1.1	%)
Impact of change in United States tax legislation		(3.3	%)		0.0	%		0.0	%
Foreign income tax rate differences		(12.1	%)		(278.1	%)		(6.8	%)
Federal and state impact of Cooper liability settlement		0.0	%		(416.5	%)		0.0	%
Domestic permanent differences & tax credits		(6.7	%)		97.3	%		(6.9	%)
		17.6	%		(757.5	%)		14.2	%

Components of Deferred Income Tax Balances

	December 31,
	2013			2012
	(In thousands)
Components of deferred income tax balances:
Deferred income tax liabilities:
Plant, equipment, and intangibles	$	(97,229	)	$	(89,433	)
Deferred income tax assets:
Postretirement, pensions, and stock compensation		27,592			44,814
Reserves and accruals		33,788			22,042
Net operating loss and tax credit carryforwards		88,307			84,716
Valuation allowances		(10,165	)		(7,498	)
		139,522			144,074
Net deferred income tax asset	$	42,293		$	54,641

Summary of Net Operating Loss Carryforwards and Tax Credit Carryforwards

The following tables summarize our net operating loss carryforwards and tax credit carryforwards as of December 31, 2013 by jurisdiction:

	Net Operating Loss Carryforwards
	(In thousands)
United States - various states	$	120,233
Netherlands		54,900
Australia		18,359
Germany		16,781
Other		10,313
Total	$	220,586
	Tax Credit Carryforwards
	(In thousands)
United States	$	34,172
Canada		18,850
Total	$	53,022

Reconciliation of Beginning and Ending Gross Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending gross amount of unrecognized tax benefits is as follows:

	2013			2012
	(In thousands)
Balance at beginning of year	$	17,377		$	23,199
Additions based on tax positions related to the current year		1,932			1,001
Additions for tax positions of prior years		3,761			8,928
Reductions for tax positions of prior years - Settlement		(2,490	)		(640	)
Reduction for tax positions of prior years - Statute of limitations		(1,941	)		(15,111	)
Balance at end of year	$	18,639		$	17,377