XML 58 R42.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Components of Income (Loss) from Continuing Operations | The components of income from continuing operations before provision for income taxes consisted of the following (dollars in thousands):
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Domestic |  | $ | 536,869 |  |  | $ | 600,939 |  |  | $ | 537,271 |
Foreign |  |  | 343,857 |  |  |  | 278,791 |  |  |  | 239,991 |
|  | $ | 880,726 |  |  | $ | 879,730 |  |  | $ | 777,262 |
Tax Provision (Benefit) | Our tax provision (benefit) consisted of the following (dollars in thousands):
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Federal: |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 172,380 |  |  | $ | 215,703 |  |  | $ | 173,110 |
Deferred |  |  | 27,463 |  |  |  | 1,559 |  |  |  | (333 | )
|  |  | 199,843 |  |  |  | 217,262 |  |  |  | 172,777 |
State: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 20,946 |  |  |  | 24,476 |  |  |  | 18,876 |
Deferred |  |  | 375 |  |  |  | 861 |  |  |  | 669 |
|  |  | 21,321 |  |  |  | 25,337 |  |  |  | 19,545 |
Foreign: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 94,909 |  |  |  | 91,048 |  |  |  | 87,769 |
Deferred |  |  | (19,411 | ) |  |  | (12,794 | ) |  |  | (16,332 | )
|  |  | 75,498 |  |  |  | 78,254 |  |  |  | 71,437 |
|  | $ | 296,662 |  |  | $ | 320,853 |  |  | $ | 263,759 |
Reconciliation of Pre-Tax Income | The following is a reconciliation stated as a percentage of pre-tax income of the U.S. statutory federal income tax rate to our effective tax rate:
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Federal statutory tax rate |  |  | 35 | % |  |  | 35 | % |  |  | 35 | %
State taxes, net of federal benefit |  |  | 2 |  |  |  | 3 |  |  |  | 3 |
Change in valuation allowance |  |  | 2 |  |  |  | (1 | ) |  |  | (1 | )
Reserves for uncertain tax positions |  |  | — |  |  |  | 1 |  |  |  | (2 | )
Non-deductible expenses |  |  | — |  |  |  | 1 |  |  |  | 1 |
Foreign earnings repatriation |  |  | — |  |  |  | — |  |  |  | 1 |
Non-controlling interests |  |  | — |  |  |  | — |  |  |  | (1 | )
Credits and exemptions |  |  | (2 | ) |  |  | (2 | ) |  |  | (1 | )
Foreign rate differential |  |  | (2 | ) |  |  | (2 | ) |  |  | (2 | )
Other |  |  | (1 | ) |  |  | 1 |  |  |  | 1 |
Effective tax rate |  |  | 34 | % |  |  | 36 | % |  |  | 34 | %
Temporary Tax Effects | Cumulative tax effects of temporary differences are shown below at December 31, 2016 and 2015 (dollars in thousands):
|  | December 31, |
|  | 2016 |  |  | 2015 |
Asset (Liability) |  |  |  |  |  |  |  |
Bonus and deferred compensation |  | $ | 265,043 |  |  | $ | 250,600 |
Bad debt and other reserves |  |  | 75,620 |  |  |  | 59,257 |
Net operating losses (NOLs) and state tax credits |  |  | 66,499 |  |  |  | 57,027 |
Foreign tax credits |  |  | 53,976 |  |  |  | 53,976 |
Pension obligation |  |  | 29,382 |  |  |  | 26,251 |
Unconsolidated affiliates |  |  | 28,107 |  |  |  | 23,981 |
Derivative financial instruments |  |  | 7,308 |  |  |  | 8,583 |
Investments |  |  | 7,142 |  |  |  | 6,395 |
Property and equipment |  |  | (87,679 | ) |  |  | (80,925 | )
Capitalized costs and intangibles |  |  | (307,301 | ) |  |  | (283,156 | )
All other |  |  | 2,049 |  |  |  | 4,574 |
Net deferred tax assets before valuation allowance |  |  | 140,146 |  |  |  | 126,563 |
Valuation allowance |  |  | (105,541 | ) |  |  | (91,672 | )
Net deferred tax assets |  | $ | 34,605 |  |  | $ | 34,891 |
Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2016 and 2015 is as follows (dollars in thousands):
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |
Beginning balance, unrecognized tax benefits |  | $ | (92,538 | ) |  | $ | (66,984 | )
Gross increases—tax positions in prior period |  |  | (514 | ) |  |  | (17,545 | )
Gross decreases—tax positions in prior period |  |  | 358 |  |  |  | 92 |
Gross increases—current-period tax positions |  |  | (4,237 | ) |  |  | (8,792 | )
Decreases relating to settlements |  |  | 2,541 |  |  |  | — |
Reductions as a result of lapse of statute of limitations |  |  | 235 |  |  |  | 688 |
Foreign exchange movement |  |  | (760 | ) |  |  | 3 |
Ending balance, unrecognized tax benefits |  | $ | (94,915 | ) |  | $ | (92,538 | )

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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&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://www.xbrl.org/2003/role/presentationRef -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 for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration