Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Income (Loss) Before Income Taxes


	2011		2010		2009
U.S.	$	202,476		104,036		31,449
Non-U.S.		184,505		127,815		(169,843	)
Income (loss) before income taxes	$	386,981		231,851		(138,394	)

Schedule Of Components Of Provision For Income Taxes


	2011			2010			2009
Current:
U.S. federal	$	69,164			31,459			18,351
U.S. state and local		5,283			2,392			2,060
Non-U.S.		41,084			24,646			17,345
Deferred:
U.S. federal		(3,048	)		1,680			(3,810	)
U.S. state and local		(825	)		1,518			(1,143	)
Non-U.S.		(4,219	)		(4,798	)		(7,898	)
Provision for income taxes	$	107,439			56,897			24,905

Reconciliation Of The Effective Income Tax Rate


	2011			2010			2009
U.S. federal corporate statutory rate		35.0	%		35.0	%		35.0	%
State and local taxes, less federal tax benefit		1.2			1.7			(0.7	)
Foreign income taxes		(6.7	)		(10.7	)		7.1
Goodwill impairment		—			—			(64.2	)
Manufacturing benefit		(1.2	)		(1.0	)		0.7
Repatriation, net of foreign financing tax effect		(0.3	)		(1.1	)		1.4
Other, net		(0.2	)		0.6			2.7
Effective income tax rate		27.8	%		24.5	%		(18.0	)%

Schedule Of Deferred Tax Assets And Liabilities


	2011			2010
Deferred tax assets:
Reserves and accruals	$	56,660			37,137
Postretirement benefits other than pensions		5,888			5,913
Postretirement benefits — pensions		12,483			14,075
Tax loss and interest carryforwards		26,952			32,375
Foreign tax credit carryforwards		5,545			6,825
Other		10,130			11,252
Total deferred tax assets		117,658			107,577
Valuation allowance		(11,948	)		(19,687	)
Deferred tax liabilities:
LIFO inventory		(3,242	)		(3,637	)
Property, plant and equipment		(20,590	)		(21,063	)
Intangibles		(115,103	)		(89,255	)
Other		(7,588	)		(1,464	)
Total deferred tax liabilities		(146,523	)		(115,419	)
Net deferred income tax liability	$	(40,813	)		(27,529	)

Reconciliation Of The Changes To Tax Reserve


	2011			2010
Total unrecognized tax benefits at January 1	$	4,510			5,238
Gross increases for tax positions of prior years		1,449			1,396
Gross decreases for tax positions of prior years		(364	)		(2,042	)
Gross increases for tax positions of current year		301			646
Increases due to acquisitions		2,412			—
Settlements		(1,434	)		(464	)
Lapse of statute of limitations		(1,513	)		(221	)
Changes due to currency fluctuations		(65	)		(43	)
Total unrecognized tax benefits at December 31	$	5,296			4,510

Schedule Of Expected Expiration Dates Of Tax Loss Carryforwards


	December 31, 2011							December 31, 2010
	Tax Benefit		Valuation Allowance			Net Tax Benefit		Tax Benefit		Valuation Allowance			Net Tax Benefit
2011		—		—			—		561		(561	)		—
2012		205		(205	)		—		197		(197	)		—
2013		277		(242	)		35		462		(462	)		—
2014		215		(215	)		—		58		(58	)		—
2015		391		(112	)		279		346		(115	)		231
2016		344		(116	)		228		203		—			203
2017		—		—			—		—		—			—
2018		41		—			41		25		—			25
2019		124		—			124		59		—			59
2023		505		—			505		234		—			234
2024		674		—			674		695		—			695
2027		265		—			265		434		(434	)		—
2028		147		—			147		158		(158	)		—
2029		213		—			213		230		(230	)		—
2030		—		—			—		—		—			—
2031		—		—			—		—		—			—
Indefinite life		23,551		(10,870	)		12,681		28,713		(17,472	)		11,241
Total	$	26,952		(11,760	)		15,192	$	32,375		(19,687	)		12,688

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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