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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2012
Income Tax Expense (Benefit) [Abstract]  
Schedule Of U.S. And Non-U.S. Components Of Income (Loss) Before Provision (Benefit) For Income Taxes
The following table summarizes the U.S. and non-U.S. components of income (loss) before provision (benefit) for income taxes:
 
For the Year Ended
December 31,
 
2010
 
2011
 
2012
 
(Dollars in thousands)
U.S.
$
32,539

 
$
32,877

 
$
29,422

Non-U.S.
141,026

 
110,414

 
105,065

 
$
173,565

 
$
143,291

 
$
134,487

Schedule Of Income Tax Expense (Benefit)
Income tax expense (benefit) consists of the following:
 
For the Year Ended
December 31,
 
2010
 
2011
 
2012
 
(Dollars in thousands)
U.S income taxes:
 
 
 
 
 
Current
$
6,307

 
$
16,988

 
$
(6,529
)
Deferred
(29,060
)
 
(46,379
)
 
4,543

 
(22,753
)
 
(29,391
)
 
(1,986
)
Non-U.S. income taxes:
 
 
 
 
 
Current
21,638

 
18,173

 
12,371

Deferred
20

 
1,325

 
6,462

 
21,658

 
19,498

 
18,833

Total income tax expense (benefit)
$
(1,095
)
 
$
(9,893
)
 
$
16,847

Schedule Of Income Tax Expense (Benefit) Computed By Applying The U.S. Federal Income Tax Rate
Income tax expense (benefit) differed from the amounts computed by applying the U.S. federal income tax rate of 35% to income before provision (benefit) for income taxes as set forth in the following table:
 
For the Year Ended
December 31,
 
2010
 
2011
 
2012
 
(Dollars in thousands)
Tax at statutory U.S. federal rate
$
60,748

 
$
50,152

 
$
47,071

U.S. valuation allowance, net
(42,393
)
 
(45,989
)
 
(1,800
)
State taxes, net of federal tax benefit
337

 
474

 
593

U.S. tax return adjustments to estimated taxes
3,311

 
(455
)
 
(1,612
)
Non-controlling interest gain
(3,345
)
 

 

Nondeductible expenses acquisition costs
5,324

 

 

Establishment (resolution) of uncertain tax positions
(1,151
)
 
1,507

 
(8,118
)
Adjustment for foreign income taxed at different rates
(19,107
)
 
(14,450
)
 
(15,553
)
Non-U.S. tax exemptions, holidays and credits
(4,781
)
 
(2,535
)
 
(4,259
)
Other
(38
)
 
1,403

 
524

Total income tax expense (benefit)
$
(1,095
)
 
$
(9,893
)
 
$
16,846

Schedule Of Deferred Tax Assets And Deferred Tax Liabilities
The tax effects of temporary differences that give rise to significant components of the deferred tax assets and deferred tax liabilities at December 31, 2011, and December 31, 2012 are set forth in the following table:
 
At December 31,
 
2011
 
2012
 
(Dollars in thousands)
Deferred tax assets:
 
 
 
Postretirement and other employee benefits
$
48,209

 
$
51,646

Foreign tax credit and other carryforwards
57,428

 
54,102

Capitalized research and experimental costs
1,712

 
999

Environmental reserves
3,935

 
4,057

Inventory adjustments
11,202

 
13,365

Capital loss
3,226

 
3,222

Other
7,148

 
9,052

Total gross deferred tax assets
132,860

 
136,443

Less: valuation allowance
(25,509
)
 
(26,312
)
Total deferred tax assets
107,351

 
110,131

Deferred tax liabilities:
 
 
 
Fixed assets
$
90,552

 
$
102,568

Debt discount amortization
12,563

 
9,720

Inventory
5,575

 
9,531

Unrealized foreign currency exchange gain
560

 
80

Goodwill and acquired intangibles
13,240

 
11,299

Other
730

 
2,340

Total deferred tax liabilities
123,220

 
135,538

Net deferred tax liability
$
15,869

 
$
25,407

Schedule Of Valuation Allowance Activity
Valuation allowance activity for the years ended December 31, 2010, 2011 and 2012 is as follows:
 
For the year ended
December 31,
 
2010
 
2011
 
2012
 
(Dollars in thousands)
Balance at January 1
$
106,831

 
$
74,945

 
$
25,509

(Credited) / charged to income
(11,366
)
 
(49,403
)
 
(1,800
)
Acquisition accounting
(30,333
)
 

 

Translation adjustment
528

 
(391
)
 
(52
)
Changes attributable to movement in underlying assets
9,397

 
358

 
2,655

Other
(112
)
 

 

Balance at December 31
$
74,945

 
$
25,509

 
$
26,312

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
 
December 31,
 
2010
 
2011
 
2012
 
(Dollars in thousands)
Balance at January 1
$
20,656

 
$
13,719

 
$
16,788

Additions based on tax positions related to the current year

 

 
90

Additions for tax positions of prior years
15,205

 
3,910

 
4,643

Reductions for tax positions of prior years
(20,660
)
 
(165
)
 
(11,019
)
Lapse of statutes of limitations
(1,183
)
 
(627
)
 
(163
)
Settlements

 

 
(576
)
Foreign currency impact
(299
)
 
(49
)
 
6

Balance at December 31
$
13,719

 
$
16,788

 
$
9,769