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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes [Abstract]

Schedule of Income Before Income Taxes

Income tax data for the years ended December 31, 2015, 2014 and 2013 is as follows (in thousands):

				Year Ended December 31,
				2015			2014			2013
The components of income from operations before income taxes are
	as follows:
	Domestic			$	66,716		$	70,136		$	116,067
	Foreign				475,203			420,604			374,038
		Total		$	541,919		$	490,740		$	490,105

Components of Income Taxes

Income tax data for the years ended December 31, 2015, 2014 and 2013 is as follows (in thousands):

				Year Ended December 31,
				2015			2014			2013
The current and deferred components of the provision for income
	taxes on operations are as follows:
	Current			$	66,285		$	57,537		$	39,933
	Deferred				6,581			1,583			169
		Total		$	72,866		$	59,120		$	40,102
The jurisdictional components of the provision for income taxes on
	operations are as follows:
	Federal			$	20,882		$	23,071		$	(702)
	State				3,389			3,791			5,142
	Foreign				48,595			32,258			35,662
		Total		$	72,866		$	59,120		$	40,102

Effective Income Tax Rate Reconciliation

Income tax data for the years ended December 31, 2015, 2014 and 2013 is as follows (in thousands):

				Year Ended December 31,
				2015			2014			2013
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			$	189,672		$	171,759		$	171,537
	Settlement of tax audits				(3,258)			-			(30,552)
	State income tax, net of federal income tax benefit				2,601			2,464			3,342
	Net effect of foreign operations				(112,426)			(109,240)			(96,461)
	Other, net				(3,723)			(5,863)			(7,764)
		Provision for income taxes		$	72,866		$	59,120		$	40,102

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,
					2015			2014
Deferred tax assets:
	Net operating losses and credits				$	83,428		$	102,810
	Depreciation					8,223			11,979
	Stock-based compensation					18,160			18,702
	Deferred compensation					28,907			34,301
	Revaluation of equity investments					5,396			5,819
	Inventory					4,470			4,104
	Accrued liabilities and reserves					10,129			9,368
	Other					15,871			18,097
		Total deferred tax assets				174,584			205,180
	Valuation allowance					(68,595)			(82,550)
		Deferred tax assets, net of valuation allowance				105,989			122,630
Deferred tax liabilities:
	Capitalized software					(15,336)			(16,253)
	Amortization					(5,799)			(8,765)
	Indefinite-lived intangibles					(18,924)			(18,094)
		Total deferred tax liabilities				(40,059)			(43,112)
			Net deferred tax assets		$	65,930		$	79,518

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, 2015, 2014 and 2013 (in thousands):

				2015			2014			2013
Balance at the beginning of the period				$	19,596		$	24,716		$	64,390
	Changes resulting from completion of tax examinations				(2,405)			-			(35,279)
	Other changes in uncertain tax benefits				(2,741)			(5,120)			(4,395)
Balance at the end of the period				$	14,450		$	19,596		$	24,716

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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

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-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 the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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