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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income before Provision for Income Taxes | Income before provision for income taxes consisted of (in thousands):
| 2021 |  | 2020 |  | 2019
Domestic | $ | 566,847 |  |  | $ | 499,384 |  |  | $ | 649,742 |
Foreign | 455,444 |  |  | 128,947 |  |  | 92,515 |
Total | $ | 1,022,291 |  |  | $ | 628,331 |  |  | $ | 742,257 |
Summary of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):
| 2021 |  | 2020 |  | 2019
Unrecognized tax benefits, beginning of period | $ | 36,216 |  |  | $ | 33,938 |  |  | $ | 31,515 |
Additions based on tax positions related to the current year | 3,530 |  |  | 3,172 |  |  | 2,212 |
Additions for tax positions of prior years | 1,919 |  |  | 1,568 |  |  | 2,148 |
Reductions for tax positions of prior years | (2,431) |  |  | (124) |  |  | — |
Lapse in statute of limitations | (1,932) |  |  | (2,276) |  |  | (1,703) |
Settlements | — |  |  | (62) |  |  | (234) |
Unrecognized tax benefits, end of the period | $ | 37,302 |  |  | $ | 36,216 |  |  | $ | 33,938 |
Schedule of Components of Provision for Income Taxes | The components of the provision for income taxes consist of the following for the years ended December 31 (in thousands):
| 2021 |  | 2020 |  | 2019
Tax provision: |  |  |  |  |
Federal | $ | 165,218 |  |  | $ | 99,901 |  |  | $ | 106,009 |
State | 36,718 |  |  | 19,825 |  |  | 25,788 |
Foreign | 85,654 |  |  | 40,103 |  |  | 35,899 |
| 287,590 |  |  | 159,829 |  |  | 167,696 |
Deferred provision (benefit): |  |  |  |  |
Federal | (90,960) |  |  | (28,238) |  |  | 1,554 |
State | (16,176) |  |  | (5,749) |  |  | 316 |
Foreign | (2,408) |  |  | (3,932) |  |  | (4,277) |
| (109,544) |  |  | (37,919) |  |  | (2,407) |
Total provision | $ | 178,046 |  |  | $ | 121,910 |  |  | $ | 165,289 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate for the years ended December 31, is as follows:
| 2021 |  | 2020 |  | 2019
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefit | 1.7 |  |  | 2.5 |  |  | 2.8 |
Share-based payment awards | (0.6) |  |  | (2.8) |  |  | (0.9) |
Excess foreign tax credits | (0.4) |  |  | (2.2) |  |  | (1.5) |
Other U.S. tax credits and incentives | (3.3) |  |  | (1.4) |  |  | (0.9) |
Foreign | (1.2) |  |  | 1.3 |  |  | 1.7 |
Other | 0.2 |  |  | 1.0 |  |  | 0.1 |
Effective income tax rate | 17.4 | % |  | 19.4 | % |  | 22.3 | %
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets (liabilities) are comprised of the following at December 31 (in thousands):
| 2021 |  | 2020
Deferred tax assets: |  |  |
Lease liabilities | $ | 60,846 |  |  | $ | 82,982 |
Compensation | 71,770 |  |  | 60,160 |
Accrued expenses | 92,936 |  |  | 39,987 |
Foreign affiliate prepayment | 88,399 |  |  | — |
Other | 22,925 |  |  | 26,848 |
Deferred tax liabilities: |  |  |
Right-of-use assets | (56,044) |  |  | (77,513) |
Intangible assets | (79,198) |  |  | (81,210) |
Accrued revenue | (47,255) |  |  | (18,978) |
Prepaid assets | (14,021) |  |  | (5,732) |
Long-lived assets | (10,387) |  |  | (12,722) |
Foreign withholding tax | (11,917) |  |  | (10,222) |
Other | (9,267) |  |  | (7,142) |
Net deferred tax assets (liabilities) | $ | 108,787 |  |  | $ | (3,542) |

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- 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://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=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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