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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

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,
	2018				2017				2016
					(In thousands)
Current income taxes:
Federal(1)	$	28,464			$	122,170			$	65,614
State	7,458				2,259				6,489
Foreign	10,611				15,274				3,502
Total current income taxes	46,533				139,703				75,605
Deferred income taxes:
Federal	5,253				(48,060		)		(42,835		)
State	1,967				4,508				(2,938		)
Foreign	1,917				(6,844		)		599
Total deferred income taxes	9,137				(50,396		)		(45,174		)
Provision for income taxes	$	55,670			$	89,307			$	30,431

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,
	2018				2017				2016
					(In thousands)
United States	$	198,556			$	180,957			$	80,881
Foreign	82,469				71,483				50,670
Income before income taxes	$	281,025			$	252,440			$	131,551

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,
	2018			2017			2016
Federal statutory rate	21.0	%		35.0	%		35.0	%
State income taxes, net of federal income tax benefit	2.8			1.4			1.0
Deemed repatriation of undistributed foreign earnings	(1.2	)		32.8			—
Deferred income tax remeasurement	(0.3	)		(22.4	)		—
Tax effect of intercompany financing	(5.6	)		(10.5	)		(19.9	)
Other(1)	3.1			(0.9	)		7.0
Effective tax rate	19.8	%		35.4	%		23.1	%

Schedule of Deferred Tax Assets and Liabilities

The following table sets forth deferred tax assets and liabilities:

	As of December 31,
	2018								2017
					(In thousands)
	Assets				Liabilities				Assets				Liabilities
Accounts receivable	$	3,657			$	—			$	3,496			$	—
Inventories	—				3,315				—				3,181
Depreciation of property, buildings and equipment	—				17,384				—				13,283
Amortization of intangible assets	—				158,795				—				159,107
Employee benefits	20,107				—				14,835				—
Stock-based compensation(1)	12,840				—				16,341				—
Advance payments	—				—				8,456				—
Tax loss carryforwards	15,557				—				19,128				—
Other	7,927				4,115				11,850				8,672
Deferred income taxes before valuation allowance	60,088				183,609				74,106				184,243
Valuation allowance	(4,072		)		—				(2,518		)		—
Total deferred income taxes	$	56,016			$	183,609			$	71,588			$	184,243

⁽¹⁾  The Company does not expect the executive compensation deduction rules in Section 162(m) of the Internal Revenue Code as amended by the TCJA to have a material impact on the realizability of the deferred tax asset related to stock-based compensation.

Summary of Income Tax Examinations

The Company is under examination by tax authorities in the U.S. and Canada and remains subject to examination until the applicable statutes of limitation expire. The statutes of limitation for the material jurisdictions in which the Company files income tax returns remain open principally due to certain transfer pricing matters and are as follows:

United States — Federal		2004 and forward
United States — Material States		2004 and forward
Canada		2004 and forward

United States — Federal		2004 and forward
United States — Material States		2004 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,
	2018				2017				2016
	(In thousands)
Beginning balance January 1	$	4,348			$	6,181			$	5,436
Additions for tax positions of prior years	—				—				3,298
Reductions for tax positions of prior years	—				(155		)		(21		)
Settlements	(2,646		)		(1,025		)		(1,921		)
Lapse in statute of limitations	(287		)		(755		)		(728		)
Foreign currency exchange rate changes	(122		)		102				117
Ending balance December 31	$	1,293			$	4,348			$	6,181

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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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