Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Income (Loss) Before Income Taxes

Income before income taxes consists of the following:

	2012		2011		2010
U.S.	$	175,927		202,476		104,036
Non-U.S.		185,635		184,505		127,815
Income before income taxes	$	361,562		386,981		231,851

Schedule Of Components Of Provision For Income Taxes

The following table details the components of the provision for income taxes. A portion of these income taxes will be payable within one year and are, therefore, classified as current, while the remaining balance is deferred:

	2012			2011			2010
Current:
U.S. federal	$	42,450			69,164			31,459
U.S. state and local		9,211			5,283			2,392
Non-U.S.		47,414			41,084			24,646
Deferred:
U.S. federal		13,499			(3,048	)		1,680
U.S. state and local		548			(825	)		1,518
Non-U.S.		(16,053	)		(4,219	)		(4,798	)
Provision for income taxes	$	97,069			107,439			56,897

Reconciliation Of The Effective Income Tax Rate

The U.S. federal corporate statutory rate is reconciled to the Company’s effective income tax rate as follows:

	2012			2011			2010
U.S. federal corporate statutory rate		35.0	%		35.0	%		35.0	%
State and local taxes, less federal tax benefit		1.7			1.2			1.7
Foreign income taxes		(7.0	)		(6.7	)		(10.7	)
Manufacturing benefit		(1.1	)		(1.2	)		(1.0	)
Repatriation, net of foreign financing tax effect		0.2			(0.3	)		(1.1	)
Valuation allowance adjustments		(1.6	)		(0.4	)		—
Other, net		(0.4	)		0.2			0.6
Effective income tax rate		26.8	%		27.8	%		24.5	%

Schedule Of Deferred Tax Assets And Liabilities

The principal items that gave rise to deferred income tax assets and liabilities are as follows:

	2012			2011
Deferred tax assets:
Reserves and accruals	$	40,184			56,660
Postretirement benefits other than pensions		5,117			5,888
Postretirement benefits — pensions		9,979			12,483
Tax loss and interest carryforwards		29,045			26,952
Foreign tax credit carryforwards		6,422			5,545
Other		15,941			10,130
Total deferred tax assets		106,688			117,658
Valuation allowance		(6,720	)		(11,948	)
Deferred tax liabilities:
LIFO inventory		(3,070	)		(3,242	)
Property, plant and equipment		(17,824	)		(20,590	)
Intangibles		(108,357	)		(115,103	)
Other		(11,476	)		(7,588	)
Total deferred tax liabilities		(140,727	)		(146,523	)
Net deferred income tax liability	$	(40,759	)		(40,813	)

Reconciliation Of The Changes To Tax Reserve

Below is a tabular reconciliation of the changes in total unrecognized tax benefits during the years ended December 31, 2012, 2011, and 2010:

	2012			2011			2010
Total unrecognized tax benefits at January 1	$	5,296			4,510			5,238
Gross increases for tax positions of prior years		208			1,449			1,396
Gross decreases for tax positions of prior years		(118	)		(364	)		(2,042	)
Gross increases for tax positions of current year		1,322			301			646
Increases due to acquisitions		—			2,412			—
Settlements		(903	)		(1,434	)		(464	)
Lapse of statute of limitations		(301	)		(1,513	)		(221	)
Changes due to currency fluctuations		130			(65	)		(43	)
Total unrecognized tax benefits at December 31	$	5,634			5,296			4,510

Schedule Of Expected Expiration Dates Of Tax Loss Carryforwards

The expected expiration dates of our carryforwards as of December 31, 2012 and 2011 are as follows:

	December 31, 2012							December 31, 2011
	Tax Benefit		Valuation Allowance			Net Tax Benefit		Tax Benefit		Valuation Allowance			Net Tax Benefit
2012		—		—			—		205		(205	)		—
2013		247		(247	)		—		277		(242	)		35
2014		176		(176	)		—		215		(215	)		—
2015		353		(106	)		247		391		(112	)		279
2016		98		(68	)		30		344		(116	)		228
2017		231		(212	)		19		—		—			—
2018		16		—			16		41		—			41
2019		119		(2	)		117		124		—			124
2020		24		(9	)		15		—		—			—
2021		25		—			25		—		—			—
2022		70		(12	)		58		—		—			—
2023		—		—			—		505		—			505
2024		—		—			—		674		—			674
2026		554		—			554		—		—			—
2027		686		—			686		265		—			265
2028		—		—			—		147		—			147
2029		—		—			—		213		—			213
2030		43		—			43		—		—			—
2032		299		(265	)		34		—		—			—
Indefinite life		26,104		(5,238	)		20,866		23,551		(10,870	)		12,681
Total	$	29,045		(6,335	)		22,710	$	26,952		(11,760	)		15,192