XML 54 R35.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes | Income tax data for the years ended December 31, 2018, 2017 and 2016 is as follows (in thousands):
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
The components of income from operations before income taxes are as follows: |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | 57,822 |  |  | $ | 55,751 |  |  | $ | 35,154 |
Foreign |  |  | 624,324 |  |  |  | 585,346 |  |  |  | 564,960 |
Total |  | $ | 682,146 |  |  | $ | 641,097 |  |  | $ | 600,114 |
Components of Income Taxes |
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
The components of income from operations before income taxes are as follows: |  |  |  |  |  |  |  |  |  |  |  |
Domestic |  | $ | 57,822 |  |  | $ | 55,751 |  |  | $ | 35,154 |
Foreign |  |  | 624,324 |  |  |  | 585,346 |  |  |  | 564,960 |
Total |  | $ | 682,146 |  |  | $ | 641,097 |  |  | $ | 600,114 |
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
The current and deferred components of the provision for income taxes on operations are as follows: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 85,947 |  |  | $ | 575,276 |  |  | $ | 77,407 |
Deferred |  |  | 2,405 |  |  |  | 45,510 |  |  |  | 1,204 |
Total |  | $ | 88,352 |  |  | $ | 620,786 |  |  | $ | 78,611 |
The jurisdictional components of the provision for income taxes on operations are as follows: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 24,021 |  |  | $ | 535,777 |  |  | $ | 19,693 |
State |  |  | (9,717 | ) |  |  | 26,561 |  |  |  | 3,090 |
Foreign |  |  | 74,048 |  |  |  | 58,448 |  |  |  | 55,828 |
Total |  | $ | 88,352 |  |  | $ | 620,786 |  |  | $ | 78,611 |
Effective Income Tax Rate Reconciliation | The differences between income taxes computed at the United States statutory rate and the provision for income taxes are summarized as follows for the years ended December 31, 2018, 2017 and 2016 (in thousands):
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Federal tax computed at U.S. statutory income tax rate |  | $ | 143,251 |  |  | $ | 224,384 |  |  | $ | 210,040 |
Enactment of the 2017 Tax Act |  |  | (6,059 | ) |  |  | 550,000 |  |  |  | — |
Foreign currency exchange impact on distributed earnings |  |  | 7,495 |  |  |  | — |  |  |  | — |
GILTI, net of foreign tax credits |  |  | 13,727 |  |  |  | — |  |  |  | — |
Settlement of tax audits |  |  | — |  |  |  | 706 |  |  |  | 345 |
State income tax, net of federal income tax benefit |  |  | 2,910 |  |  |  | 1,289 |  |  |  | 2,008 |
Net effect of foreign operations |  |  | (66,092 | ) |  |  | (134,117 | ) |  |  | (133,518 | )
Effect of stock-based compensation |  |  | (9,089 | ) |  |  | (19,566 | ) |  |  | — |
Other, net |  |  | 2,209 |  |  |  | (1,910 | ) |  |  | (264 | )
Provision for income taxes |  | $ | 88,352 |  |  | $ | 620,786 |  |  | $ | 78,611 |
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, |
|  | 2018 |  |  | 2017 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating losses and credits |  | $ | 63,052 |  |  | $ | 75,630 |
Depreciation |  |  | 7,495 |  |  |  | 5,952 |
Amortization |  |  | 3,633 |  |  |  | — |
Stock-based compensation |  |  | 9,984 |  |  |  | 9,815 |
Deferred compensation |  |  | 27,939 |  |  |  | 21,434 |
Revaluation of equity investments and licenses |  |  | 3,148 |  |  |  | 3,465 |
Inventory |  |  | 4,588 |  |  |  | 4,864 |
Accrued liabilities and reserves |  |  | 7,213 |  |  |  | 8,230 |
Other |  |  | 8,727 |  |  |  | 11,873 |
Total deferred tax assets |  |  | 135,779 |  |  |  | 141,263 |
Valuation allowance |  |  | (53,893 | ) |  |  | (62,098 | )
Deferred tax assets, net of valuation allowance |  |  | 81,886 |  |  |  | 79,165 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Capitalized software |  |  | (19,491 | ) |  |  | (19,630 | )
Amortization |  |  | — |  |  |  | (3,394 | )
Indefinite-lived intangibles |  |  | (13,753 | ) |  |  | (13,254 | )
Deferred tax liability on foreign earnings |  |  | (20,443 | ) |  |  | (21,000 | )
Total deferred tax liabilities |  |  | (53,687 | ) |  |  | (57,278 | )
Net deferred tax assets |  | $ | 28,199 |  |  | $ | 21,887 |
Uncertain Tax Positions Roll Forward | The following is a summary of the activity of the Company’s uncertain tax positions for the years ended December 31, 2018, 2017 and 2016 (in thousands):
|  | 2018 |  |  | 2017 |  |  | 2016 |
Balance at the beginning of the period |  | $ | 5,843 |  |  | $ | 9,964 |  |  | $ | 14,450 |
Net reductions for settlement of tax audits |  |  | — |  |  |  | (22 | ) |  |  | (828 | )
Net reductions for lapse of statutes taken during the period |  |  | (436 | ) |  |  | (5,178 | ) |  |  | (4,998 | )
Net additions for tax positions taken during the prior period |  |  | 17,651 |  |  |  | — |  |  |  | — |
Net additions for tax positions taken during the current period |  |  | 3,050 |  |  |  | 1,079 |  |  |  | 1,340 |
Balance at the end of the period |  | $ | 26,108 |  |  | $ | 5,843 |  |  | $ | 9,964 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration