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Income taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Components of Provision for Income Taxes from Continuing Operations
The following table summarizes the components of the provision for income taxes from continuing operations:
202220212020
Current:
Federal$32,798 $134,336 $11,148 
State8,747 16,970 9,644 
Non-U.S.56,442 35,399 35,042 
Deferred:
Federal(27,528)(85,272)(9,475)
State10,116 (16,933)(13,734)
Non-U.S.2,428 (10,151)(10,694)
$83,003 $74,349 $21,931 
Summaries of U.S. and Non-U.S. Components of Income from Continuing Operations Before Taxes
The following table summarizes the U.S. and non-U.S. components of income from continuing operations before taxes:
202220212020
U.S.$164,151 $209,231 $233,034 
Non-U.S.281,768 350,237 124,698 
$445,919 $559,468 $357,732 
Reconciliations Between Statutory Federal Income Tax Rate and Effective Income Tax Rate
Reconciliations between the statutory federal income tax rate and the effective income tax rate are as follows:
202220212020
Federal statutory rate21.0 %21.0 %21.0 %
Tax effect of international items(4.6)(6.0)(5.3)
Foreign merger - deferred taxes— — — 
Excess tax benefits related to share-based compensation(0.3)(1.1)(4.9)
State taxes, net of federal benefit3.4 0.1 (0.3)
Uncertain tax contingencies(0.4)(0.1)(0.5)
Contingent consideration0.1 0.2 (2.2)
Intellectual property impairment charge— — (1.2)
Research and development tax credit(1.0)(0.8)(1.1)
Other, net0.5 — 0.6 
18.6 %13.3 %6.1 %
Deferred Tax Assets and Liabilities
The following table summarizes significant components of our deferred tax assets and liabilities at December 31, 2022 and 2021:
20222021
Deferred tax assets:
Tax loss and credit carryforwards$110,857 $168,113 
Lease Liabilities32,339 32,127 
Pension1,163 350 
Reserves and accruals64,498 64,421 
Other24,013 4,379 
Less: valuation allowances(91,531)(143,177)
Total deferred tax assets141,339 126,213 
Deferred tax liabilities:
Property, plant and equipment25,427 24,479 
Intangibles — stock acquisitions379,298 352,139 
Unremitted non-U.S. earnings67,833 73,385 
Lease Assets32,339 32,127 
Other18,926 7,387 
Total deferred tax liabilities523,823 489,517 
Net deferred tax liability$(382,484)$(363,304)
Uncertain Tax Positions for Liabilities Associated with Unrecognized Tax Benefits
Uncertain Tax Positions: The following table is a reconciliation of the beginning and ending balances for liabilities associated with unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020:
202220212020
Balance at January 1
$6,105 $7,230 $7,561 
Increase in unrecognized tax benefits related to prior years
215 — 1,286 
Decrease in unrecognized tax benefits related to prior years
(761)— — 
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations
(1,117)(956)(1,864)
(Decrease) increase in unrecognized tax benefits due to foreign currency translation
(182)(169)247 
Balance at December 31
$4,260 $6,105 $7,230 
Examinations by Major Tax Jurisdictions
The taxable years for which the applicable statute of limitations remains open by major tax jurisdictions are as follows:
 BeginningEnding
U.S.20192022
Canada20182022
China20172022
Czech Republic20192022
France20192022
Germany20112022
India20022022
Ireland20182022
Italy20172022
Malaysia20152022
Singapore20182022
Schedule of Cash Flow, Supplemental Disclosures, Income Tax Supplemental cash flow information
Year Ended December 31,
202220212020
Income taxes paid, net of refunds$162,046 $108,609 $77,163