XML 40 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Tax (Tables)
 6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
Provision for income tax expense differed from the amounts computed by applying the U.S. federal income tax statutory rate of 35% to pre-tax income as a result of the following for the three and six months ended June 30, 2016 and 2015 (dollars in thousands):
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Tax provision at U.S. statutory rate
 
$
123,628

 
$
74,826

 
$
161,281

 
$
139,270

Increase (decrease) in income taxes resulting from:
 
 
 
 
 
 
 
 
Foreign tax rate differing from U.S. tax rate
 
(8,398
)
 
(764
)
 
(12,282
)
 
(6,285
)
Differences in tax bases in foreign jurisdictions
 
(5,553
)
 
(6,931
)
 
(14,489
)
 
(13,601
)
Deferred tax valuation allowance
 
4,288

 
4,967

 
9,287

 
11,758

Amounts related to tax audit contingencies
 
3,288

 
952

 
3,889

 
1,905

Subpart F
 
738

 
11,452

 
1,433

 
17,886

Foreign tax credits
 
(427
)
 
(1,104
)
 
(721
)
 
(3,448
)
Return to provision adjustments
 
(442
)
 
(212
)
 
(316
)
 
(4,977
)
Other, net
 
(2
)
 
213

 
146

 
(98
)
Total provision for income taxes
 
$
117,120

 
$
83,399

 
$
148,228

 
$
142,410

Effective tax rate
 
33.2
%
 
39.0
%
 
32.2
%
 
35.8
%