XML 54 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Federal and State and Foreign Income Tax Provision

The federal and state and foreign income tax provision is summarized as follows: 

Year Ended December 31,		2018				2017				2016
Current
Federal		$	82,493			$	154,776			$	158,411
State		13,709				11,645				10,500
Foreign		8,405				8,002				5,137
		104,607				174,423				174,048
Deferred
Federal		2,550				(26,350		)		788
State		1,166				1,378				(168		)
Foreign		15				3,199				—
		3,731				(21,773		)		620
Total income taxes		$	108,338			$	152,650			$	174,668

Components of Net Income Before Income Taxes

The components of Income before income taxes are summarized as follows:

Year Ended December 31,		2018				2017				2016
Domestic		$	579,622			$	523,044			$	481,760
Foreign		34,584				33,995				26,725
		$	614,206			$	557,039			$	508,485

Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate

The effective income tax rate differs from the federal income tax statutory rate due to the following:

Year Ended December 31,	2018			2017			2016
Statutory rate	21.0	%		35.0	%		35.0	%
State taxes, net of federal tax benefit	1.9			1.3			1.3
Foreign tax expense and tax rate differential	(0.1	)		(1.1	)		(0.8	)
Tax benefit from stock option exercises	(3.8	)		(3.9	)		—
Enactment of the Tax Cuts and Jobs Act:
Re-measurement of deferred taxes	—			(4.9	)		—
One-time transition tax on repatriation of foreign earnings and withholding tax	(0.1	)		2.6			—
Research and development tax credit	(0.8	)		(0.9	)		(0.8	)
Domestic Production Activities Deduction	—			(0.5	)		(0.6	)
Foreign Derived Intangible Income Deduction	(0.2	)		—			—
Other, net	(0.3	)		(0.2	)		0.2
	17.6	%		27.4	%		34.3	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities at December 31, 2018 and 2017 are as follows:

		2018				2017
Deferred Tax Assets:
Stock-based compensation expense		$	24,125			$	24,725
Foreign and state net operating loss carryforward and FTC		74,358				71,236
Basis differences in investments		4,118				4,191
Federal benefit of state tax deduction for uncertain tax positions		1,882				1,918
Revenue and expense recognized in different periods for financial reporting and income tax purposes		1,657				2,631
Other assets		1,049				273
Total deferred income tax assets		107,189				104,974
Less: valuation allowance		(72,316		)		(68,469		)
Net deferred income tax assets		$	34,873			$	36,505
Deferred Tax Liabilities:
Capitalized software currently deductible for tax purposes, net of amortization		$	(71,067	)		$	(70,575	)
Difference in financial reporting and income tax depreciation methods		(6,545		)		(3,182		)
Difference between book and tax basis of other assets		(4,429		)		(3,549		)
Goodwill and other intangibles		(1,823		)		(1,001		)
Foreign Dividend Withholding Tax		(312		)		(3,199		)
Capitalized contract costs		(5,490		)		—
Other liabilities		(960		)		(704		)
Total deferred income tax liabilities		$	(90,626	)		$	(82,210	)
Net deferred income tax liabilities		$	(55,753	)		$	(45,705	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefit is as follows:

		2018				2017				2016
Balance as of January 1		$	14,480			$	17,287			$	14,517
Tax positions related to current year:
Gross additions		2,446				3,180				3,756
Tax positions related to prior years:
Gross additions		340				211				1,762
Settlements		(278		)		(352		)		(378		)
Lapses on statute of limitations		(2,621		)		(5,846		)		(2,370		)
Balance as of December 31		$	14,367			$	14,480			$	17,287

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

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration