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INCOME TAXES (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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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.

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Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

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