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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense | The following table sets forth the components of the provision (benefit) for income taxes:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
|  |  | (In thousands) |  |
Current taxes: |  |  |  |  |
Federal(1) | $ | 65,614 |  |  | $ | 45,812 |  |  | $ | 69,495 |
State | 6,489 |  |  | 4,565 |  |  | 7,161 |
Foreign | 3,502 |  |  | 2,309 |  |  | 27,081 |
Total current taxes | 75,605 |  |  | 52,686 |  |  | 103,737 |
Deferred taxes: |  |  |  |  |
Federal | (42,835 | ) |  | 29,593 |  |  | 14,525 |
State | (2,938 | ) |  | 3,767 |  |  | 2,522 |
Foreign | 599 |  |  | 9,491 |  |  | (12,068 | )
Total deferred taxes | (45,174 | ) |  | 42,851 |  |  | 4,979 |
Provision for income taxes | $ | 30,431 |  |  | $ | 95,537 |  |  | $ | 108,716 |
(1) | Tax (expense) benefits related to stock-based awards and other equity instruments recorded directly to additional paid in capital totaled $(0.1) million, $1.6 million and $5.0 million in 2016, 2015 and 2014, respectively.
Schedule of Income before Income Tax, Domestic and Foreign | The following table sets forth the components of income before income taxes by jurisdiction:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
|  |  | (In thousands) |  |
United States | $ | 80,881 |  |  | $ | 288,881 |  |  | $ | 326,934 |
Foreign | 50,670 |  |  | 15,029 |  |  | 57,219 |
Income before income taxes | $ | 131,551 |  |  | $ | 303,910 |  |  | $ | 384,153 |
Schedule of Effective Income Tax Rate Reconciliation | The following table sets forth the reconciliation between the federal statutory income tax rate and the effective tax rate:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Federal statutory rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State taxes, net of federal tax benefit | 1.0 |  |  | 2.2 |  |  | 1.9 |
Nondeductible expenses | 1.6 |  |  | 1.2 |  |  | 0.7 |
Foreign tax rate differences | (0.4 | ) |  | (1.1 | ) |  | (1.4 | )
Tax effect of intercompany financing | (19.9 | ) |  | (8.8 | ) |  | (7.8 | )
Adjustment related to uncertain tax positions | 3.7 |  |  | 2.7 |  |  | (0.2 | )
Valuation allowance against deferred tax assets | 1.1 |  |  | — |  |  | — |
Other | 1.0 |  |  | 0.2 |  |  | 0.1 |
Effective tax rate | 23.1 | % |  | 31.4 | % |  | 28.3 | %
Schedule of Deferred Tax Assets and Liabilities | The following table sets forth deferred tax assets and liabilities:
| As of December 31,
| 2016 |  | 2015
|  |  | (In thousands) |  |
| Assets |  | Liabilities |  | Assets |  | Liabilities
Accounts receivable | $ | 3,484 |  |  | $ | — |  |  | $ | 4,736 |  |  | $ | — |
Inventory | — |  |  | 4,001 |  |  | — |  |  | 5,410 |
Depreciation | — |  |  | 11,487 |  |  | — |  |  | 11,671 |
Amortization of intangible assets | — |  |  | 226,779 |  |  | — |  |  | 240,106 |
Convertible debt interest | — |  |  | — |  |  | — |  |  | 161,700 |
Employee benefits | 18,577 |  |  | — |  |  | 16,702 |  |  | — |
Stock-based compensation | 23,844 |  |  | — |  |  | 27,531 |  |  | — |
Advance payments | 22,056 |  |  | — |  |  | — |  |  | — |
Foreign tax credits | 15,698 |  |  | — |  |  | 11,494 |  |  | — |
Tax loss carryforwards | 18,440 |  |  | — |  |  | 21,095 |  |  | — |
Other | 7,175 |  |  | 7,783 |  |  | 6,768 |  |  | 7,715 |
Deferred taxes before valuation allowance | 109,274 |  |  | 250,050 |  |  | 88,326 |  |  | 426,602 |
Valuation allowance | (1,430 | ) |  | — |  |  | — |  |  | — |
Total deferred taxes | $ | 107,844 |  |  | $ | 250,050 |  |  | $ | 88,326 |  |  | $ | 426,602 |
Summary of Income Tax Examinations |
United States — Federal |  | 2004 and forward
United States — Material States |  | 2012 and forward
Canada |  | 2004 and forward
Summary of Income Tax Contingencies | The following table sets forth the reconciliation of gross unrecognized tax benefits:
| As of December 31,
| 2016 |  | 2015 |  | 2014
| (In thousands)
Beginning balance January 1 | $ | 5,436 |  |  | $ | 20,033 |  |  | $ | 25,548 |
Additions based on tax positions related to the current year | — |  |  | 46 |  |  | 69 |
Additions for tax positions of prior years | 3,298 |  |  | 402 |  |  | 191 |
Additions for acquired tax positions | — |  |  | — |  |  | 308 |
Reductions for tax positions of prior years | (21 | ) |  | (378 | ) |  | (5,608 | )
Settlements | (1,921 | ) |  | (9,638 | ) |  | (209 | )
Lapse in statute of limitations | (728 | ) |  | (1,497 | ) |  | (40 | )
Foreign currency exchange rate changes | 117 |  |  | (3,532 | ) |  | (226 | )
Ending balance December 31 | $ | 6,181 |  |  | $ | 5,436 |  |  | $ | 20,033 |

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