v3.3.1.900

INCOME TAXES: | 12 Months Ended
--- | ---
Nov. 30, 2015
Income Tax Disclosure [Abstract] |
Income Taxes | INCOME TAXES: The sources of income before the provision for income taxes and non-controlling interest are as follows:
| Fiscal Years Ended November 30,
| 2015 |  | 2014 |  | 2013
United States | $ | 197,406 |  |  | $ | 198,687 |  |  | $ | 201,386 |
Foreign | 129,789 |  |  | 85,595 |  |  | 36,666 |
| $ | 327,195 |  |  | $ | 284,282 |  |  | $ | 238,052 |
Provision for income taxes consists of the following:
| Fiscal Years Ended November 30,
| 2015 |  | 2014 |  | 2013
Current tax provision: |  |  |  |  |
Federal | $ | 65,101 |  |  | $ | 81,927 |  |  | $ | 66,491 |
State | 15,179 |  |  | 15,020 |  |  | 10,069 |
Foreign | 43,805 |  |  | 33,048 |  |  | 6,709 |
| $ | 124,085 |  |  | $ | 129,995 |  |  | $ | 83,269 |
Deferred tax provision (benefit): |  |  |  |  |
Federal | $ | (3,536 | ) |  | $ | (13,847 | ) |  | $ | 687 |
State | (173 | ) |  | (2,606 | ) |  | 1,379 |
Foreign | (1,788 | ) |  | (9,410 | ) |  | 395 |
| $ | (5,497 | ) |  | $ | (25,863 | ) |  | $ | 2,461 |
Total tax provision | $ | 118,588 |  |  | $ | 104,132 |  |  | $ | 85,730 |
The following presents the breakdown between current and non-current net deferred tax assets:
| As of November 30,
| 2015 |  | 2014
Deferred tax assets - current | $ | 40,510 |  |  | $ | 34,310 |
Deferred tax assets - noncurrent | 19,849 |  |  | 10,790 |
Deferred tax liabilities - current | (1,667 | ) |  | (506 | )
Deferred tax liabilities - noncurrent | (10,713 | ) |  | (12,867 | )
Total net deferred tax assets | $ | 47,979 |  |  | $ | 31,727 |
Net deferred tax assets and liabilities consist of the following:
| As of November 30,
| 2015 |  | 2014
Assets: |  |  |
Inventory reserves | $ | 9,829 |  |  | $ | 9,206 |
Allowance for doubtful accounts and sales return reserves | 8,040 |  |  | 9,174 |
Other reserves and accruals | 21,340 |  |  | 11,609 |
State tax credits | 3,798 |  |  | 2,878 |
Deferred and prepaid compensation | 9,321 |  |  | 9,243 |
Net operating losses | 17,580 |  |  | 14,435 |
Deferred revenue | 72 |  |  | 2,123 |
Share-based compensation expense | 6,290 |  |  | 5,817 |
Unrealized losses on cash flow hedges | 2,250 |  |  | — |
Others | 3,473 |  |  | 1,914 |
Gross deferred tax assets | 81,993 |  |  | 66,399 |
Valuation allowance | (16,891 | ) |  | (7,101 | )
Total deferred tax assets | $ | 65,102 |  |  | $ | 59,298 |
Liabilities: |  |  |
Depreciation and amortization | $ | (5,374 | ) |  | $ | (5,750 | )
Intangible assets | (11,131 | ) |  | (19,736 | )
Unrealized gains on forward contracts | (356 | ) |  | — |
Unrealized gains on investments | — |  |  | (346 | )
Others | (262 | ) |  | (1,739 | )
Total deferred tax liabilities | $ | (17,123 | ) |  | $ | (27,571 | )
Net deferred tax assets | $ | 47,979 |  |  | $ | 31,727 |
The valuation allowance relates primarily to certain foreign net operating loss carry forward, foreign deferred items and state credits. The Company's assessment is that it is not more likely than not that these deferred tax assets will be realized. A reconciliation of the statutory United States federal income tax rate to the Company’s effective income tax rate is as follows:
| Fiscal Years Ended November 30,
| 2015 |  | 2014 |  | 2013
Federal statutory income tax rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State taxes, net of federal income tax benefit | 2.5 |  |  | 2.8 |  |  | 3.1 |
Foreign taxes | (1.3 | ) |  | (2.2 | ) |  | (3.0 | )
Others | — |  |  | 1.0 |  |  | 0.9 |
Effective income tax rate | 36.2 | % |  | 36.6 | % |  | 36.0 | %
The Company's United States business has sufficient cash flow and liquidity to fund its operating requirements and the Company expects and intends that profits earned outside the United States will be fully utilized and reinvested outside of the United States. Accordingly, the Company has not provisioned United States taxes and foreign withholding taxes on non-U.S. subsidiaries for which the earnings are permanently reinvested. The Company estimates that its total undistributed earnings upon which it has not provided deferred tax is approximately $396,163 as of November 30, 2015. It is not currently practical to estimate the amount of income tax that might be payable if any earnings were to be distributed by individual foreign subsidiaries. As of November 30, 2015, the Company had net operating loss carry forward of approximately $15,702 and $11,724 for federal and state purposes, respectively. The federal net operating loss carry forward will start expiring in fiscal year ending November 30, 2021 if not used and the state net operating loss carry forward will start expiring in fiscal year ending November 30, 2016, if not used. The Company also had $26,208 of foreign net operating loss carry forward, primarily from SYNNEX Infotec Japan that will also start expiring in fiscal year ending November 30, 2016 if not used. In addition, the Company has $771 of various state income tax credit carry forwards that if not used, will begin expiring in fiscal year ending November 30, 2020. The Company enjoys tax holidays in certain jurisdictions including China, Costa Rica, Nicaragua, India and Philippines. The tax holidays provide for lower or zero rates of taxation and require various thresholds of investment and business activities in those jurisdictions. Some of these tax holidays are in effect currently and scheduled to expire in 2016 if not extended. The estimated range of tax benefits from the above tax holidays on diluted earnings per share for fiscal years 2015, 2014, and 2013 were approximately $0.03 to $0.04, $0.02 to $0.03 and $0.04 to $0.05 respectively. The aggregate changes in the balances of gross unrecognized tax benefits, excluding accrued interest and penalties, during fiscal years 2015, 2014, and 2013 were as follows:
Balance as of November 30, 2012 | $ | 19,995 |
Additions based on tax positions related to the current year | 2,574 |
Additions for tax positions of prior years | 343 |
Reductions for tax positions of prior years | (301 | )
Lapse of statute of limitations | (781 | )
Changes due to translation of foreign currencies | 27 |
Balance as of November 30, 2013 | 21,857 |
Additions based on tax positions related to the current year | 3,943 |
Additions for tax positions of prior years | 118 |
Reductions for tax positions of prior years | (3,609 | )
Lapse of statute of limitations | (400 | )
Changes due to translation of foreign currencies | (35 | )
Balance as of November 30, 2014 | 21,874 |
Additions based on tax positions related to the current year | 3,485 |
Additions for tax positions of prior years | 923 |
Lapse of statute of limitations | (3,441 | )
Changes due to translation of foreign currencies | (26 | )
Balance as of November 30, 2015 | $ | 22,815 |
The Company conducts business globally and files income tax returns in various U.S. and foreign tax jurisdictions. The Company is subject to continuous examination and audits by various tax authorities. In the United States, the Company is subject to examination and audits by tax authorities for tax years after fiscal year ended 2009. The Company is currently in appeal for its Federal income tax returns for fiscal years ended November 2009 and 2010. As of November 30, 2015, the Company is unable to estimate the range of any possible adjustments due to uncertainty in the timing of the resolution of the audit. Although timing of the resolution of audits is highly uncertain, the Company does not believe it is reasonably possible that the total amount of unrecognized tax benefits as of November 30, 2015 will change materially in the next twelve months. As of November 30, 2015, the total uncertain tax position is $22,815, of which $20,901 of the unrecognized tax benefits, net of federal benefit would affect the effective tax rate if realized. The Company's policy is to include interest and penalties related to income taxes, including unrecognized tax benefits, within the provision for income taxes. As of November 30, 2015 and 2014, the Company had accrued $2,992 and $3,068, respectively, in income taxes payable related to accrued interest and penalties.

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 The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + 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)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: 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=6907707&loc=d3e32639-109319 Reference 5: 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=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration