XML 128 R111.htm IDEA: XBRL DOCUMENT v3.22.0.1
Income Taxes - Reconciliation of effective tax rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]      
Expected income tax expense (benefit) computed on pre-tax income at weighted average income tax rate $ 158,269 $ 111,947 $ 149,799
Addition (reduction) in income tax expense (benefit) resulting from:      
Tax-exempt investment income (23,572) (1,824) (3,091)
Meals and entertainment 379 547 1,134
State taxes, net of U.S. federal tax benefit 20,978 5,027 3,314
Foreign branch taxes 1,998 2,094 1,231
Prior year adjustment (1,432) 3,983 632
Foreign exchange gains & losses 1,190 (1,736) 436
Changes in applicable tax rate 447 0 0
Dividend withholding taxes 12,211 7,105 6,510
Change in valuation allowance (40,425) 13,190 1,628
Contingent consideration 0 9 190
Share based compensation (5,339) (2,533) (6,592)
Effective Income Tax Reconciliation, Intercompany Loan Writeoff, Amount 0 (22,083) 0
Other 3,878 (3,888) 619
Income tax expense $ 128,582 $ 111,838 $ 155,810