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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Components of Income Taxes

Income tax data for the years ended December 31, 2014, 2013 and 2012 is as follows (in thousands):

				Year Ended December 31,
				2014			2013			2012
The components of income from operations before income taxes are
	as follows:
	Domestic			$	70,136		$	116,067		$	116,071
	Foreign				420,604			374,038			371,554
		Total		$	490,740		$	490,105		$	487,625

				Year Ended December 31,
				2014			2013			2012
The current and deferred components of the provision for income
	taxes on operations are as follows:
	Current			$	57,537		$	39,933		$	78,401
	Deferred				1,583			169			(52,219)
		Total		$	59,120		$	40,102		$	26,182
The jurisdictional components of the provision for income taxes on
	operations are as follows:
	Federal			$	23,071		$	(702)		$	39,840
	State				3,791			5,142			5,599
	Foreign				32,258			35,662			(19,257)
		Total		$	59,120		$	40,102		$	26,182
The differences between income taxes computed at the United States
	statutory rate and the provision for income taxes are summarized
	as follows:
	Federal tax computed at U.S. statutory income tax rate			$	171,759		$	171,537		$	170,669
	Settlement of tax audits				-			(30,552)			(6,035)
	State income tax, net of federal income tax benefit				2,464			3,342			3,639
	Net effect of foreign operations				(109,240)			(96,461)			(102,858)
	Recognition of deferred tax asset associated with a non-U.S.
		net operating loss			-			-			(36,410)
	Other, net				(5,863)			(7,764)			(2,823)
		Provision for income taxes		$	59,120		$	40,102		$	26,182

Components of Deferred Tax Assets and Liabilities

The tax effects of temporary differences and carryforwards which give rise to deferred tax assets and deferred tax liabilities are summarized as follows (in thousands):

					December 31,
					2014			2013
Deferred tax assets:
	Net operating losses and credits				$	102,810		$	116,567
	Depreciation					11,979			7,163
	Stock-based compensation					18,702			22,684
	Deferred compensation					34,301			25,391
	Revaluation of equity investments					5,819			3,832
	Inventory					4,104			3,651
	Accrued liabilities and reserves					9,368			23,268
	Other					18,097			15,289
		Total deferred tax assets				205,180			217,845
	Valuation allowance					(82,550)			(94,952)
		Deferred tax assets, net of valuation allowance				122,630			122,893
Deferred tax liabilities:
	Capitalized software					(16,253)			(18,012)
	Amortization					(8,765)			(3,798)
	Indefinite-lived intangibles					(18,094)			(18,840)
		Total deferred tax liabilities				(43,112)			(40,650)
			Net deferred tax assets		$	79,518		$	82,243

Unrecognized Tax Benefits Roll Forward

The following is a summary of the activity of the Company's unrecognized tax benefits for the years ended December 31, 2014, 2013 and 2012 (in thousands):

				2014			2013			2012
Balance at the beginning of the period				$	24,716		$	64,390		$	73,199
	Realization of uncertain U.S. tax benefits				-			-			(5,625)
	Changes resulting from completion of tax examinations				-			(35,279)			-
	Other changes in uncertain tax benefits				(5,120)			(4,395)			(3,184)
Balance at the end of the period				$	19,596		$	24,716		$	64,390

Deferred Tax Assets and Liabilities Classification

The Company's net deferred tax assets included in the consolidated balance sheets are classified as follows (in thousands):

			December 31, 2014			December 31, 2013
Other current assets			$	36,691		$	31,423
Other assets				61,920			69,466
Other current liabilities				(1,096)			(579)
Other long-term liabilities				(17,997)			(18,067)
	Net deferred tax assets		$	79,518		$	82,243

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

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