Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Components of Provision for Income Taxes from Continuing Operations

The following table summarizes the components of the provision for income taxes from continuing operations:

	2013			2012			2011
	(Dollars in thousands)
Current:
Federal	$	(2,974	)	$	20,959		$	(2,604	)
State		1,736			3,623			4,621
Foreign		36,400			30,476			48,600
Deferred:
Federal		(9,703	)		(34,629	)		(20,584	)
State		(1,825	)		(720	)		(961	)
Foreign		(87	)		(3,296	)		(3,294	)
	$	23,547		$	16,413		$	25,778

Summaries of U.S. and Non-U.S. Components of Income from Continuing Operations Before Taxes

The following table summarizes the United States and non-United States components of income from continuing operations before taxes:

	2013			2012			2011
	(Dollars in thousands)
United States	$	(3,544	)	$	(315,928	)	$	(10,952	)
Other		179,274			150,559			156,052
	$	175,730		$	(165,369	)	$	145,100

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:

	2013			2012			2011
Federal statutory rate		35.00	%		35.00	%		35.00	%
Goodwill impairment		—			(60.84	)		—
Tax effect of International items		(15.26	)		11.88			(15.36	)
State taxes, net of federal benefit		(0.32	)		(0.90	)		1.18
Uncertain tax contingencies		(4.06	)		4.85			(2.66	)
Contingent consideration reversals		(2.04	)		—			—
Other, net		0.08			0.08			(0.39	)
		13.40	%		(9.93	)%		17.77	%

Deferred Tax Assets and Liabilities

The following table summarizes significant components of the Company’s deferred tax assets and liabilities at December 31, 2013 and 2012:

	2013			2012
	(Dollars in thousands)
Deferred tax assets:
Tax loss and credit carryforwards	$	104,043		$	92,282
Pension		39,310			63,737
Reserves and accruals		39,478			39,485
Other		27,092			21,255
Less: valuation allowances		(86,510	)		(69,527	)
Total deferred tax assets		123,413			147,232
Deferred tax liabilities:
Property, plant and equipment		26,550			24,766
Intangibles — stock acquisitions		400,297			324,983
Unremitted foreign earnings		147,326			151,780
Other		12,030			13,129
Total deferred tax liabilities		586,203			514,658
Net deferred tax liability	$	(462,790	)	$	(367,426	)

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 twelve month periods ending December 31, 2013,  2012 and 2011:

	2013			2012			2011
	(Dollars in thousands)
Balance at January 1	$	62,108		$	75,026		$	89,281
Increase in unrecognized tax benefits related to prior years		—			1,110			1,855
Decrease in unrecognized tax benefits related to prior years		—			(6,134	)		(6,415	)
Unrecognized tax benefits related to the current year		1,838			4,256			4,246
Reductions in unrecognized tax benefits due to settlements		—			(8,816	)		(7,678	)
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations		(8,433	)		(3,503	)		(5,852	)
Increase (decrease) in unrecognized tax benefits due to foreign currency translation		258			169			(411	)
Balance at December 31	$	55,771		$	62,108		$	75,026

Examinations by Major Tax Jurisdictions

The taxable years that remain subject to examination by major tax jurisdictions are as follows:

	Beginning	Ending
United States	2010	2013
Canada	2005	2013
China	2008	2013
Czech Republic	2001	2013
France	2011	2013
Germany	2007	2013
Ireland	2009	2013
Italy	2009	2013
Malaysia	2008	2013
Singapore	2009	2013