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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

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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.

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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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