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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes and Non-controlling Interest | U.S. and foreign earnings before income taxes are as follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
| (In thousands)
U.S. | $ | 184,835 |  |  | $ | 547,969 |  |  | $ | 454,036 |
Foreign | 71,313 |  |  | 82,983 |  |  | 78,384 |
Total | $ | 256,148 |  |  | $ | 630,952 |  |  | $ | 532,420 |
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision (benefit) for income taxes are as follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
| (In thousands)
Current income tax provision (benefit): |  |  |  |  |
Federal | $ | 15 |  |  | $ | (2,044) |  |  | $ | 964 |
State | 3,192 |  |  | 1,640 |  |  | 342 |
Foreign | 34,865 |  |  | 28,293 |  |  | 26,527 |
Current income tax provision | 38,072 |  |  | 27,889 |  |  | 27,833 |
Deferred income tax provision (benefit): |  |  |  |  |
Federal | (32,723) |  |  | 31,025 |  |  | (2,159) |
State | (18,627) |  |  | (10,451) |  |  | (9,698) |
Foreign | (6,619) |  |  | (5,190) |  |  | (896) |
Deferred income tax (benefit) provision | (57,969) |  |  | 15,384 |  |  | (12,753) |
Income tax (benefit) provision | $ | (19,897) |  |  | $ | 43,273 |  |  | $ | 15,080 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of cumulative temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below. The valuation allowance is primarily related to deferred tax assets for foreign net operating losses and U.S. foreign tax credits.
| December 31,
| 2021 |  | 2020
| (In thousands)
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 85,613 |  |  | $ | 152,346 |
Tax credit carryforwards | 128,731 |  |  | 102,012 |
Disallowed interest carryforwards | 52,104 |  |  | 56,630 |
Stock-based compensation | 15,491 |  |  | 16,073 |
Accrued expenses | 116,415 |  |  | 9,283 |
Exchangeable notes | 52,177 |  |  | 64,212 |
Other | 33,211 |  |  | 25,532 |
Total deferred tax assets | 483,742 |  |  | 426,088 |
Less valuation allowance | (86,071) |  |  | (71,090) |
Net deferred tax assets | 397,671 |  |  | 354,998 |
Deferred tax liabilities: |  |  |
Intangible assets | (165,551) |  |  | (44,200) |
Right-of-use assets | (21,784) |  |  | (17,306) |
Property and equipment | (4,923) |  |  | (17,218) |
Other | (737) |  |  | — |
Total deferred tax liabilities | (192,995) |  |  | (78,724) |
Net deferred tax assets | $ | 204,676 |  |  | $ | 276,274 |
Schedule of Income Tax Rate Reconciliation | A reconciliation of the income tax provision to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
| (In thousands)
Income tax provision at the federal statutory rate of 21% | $ | 53,791 |  |  | $ | 132,500 |  |  | $ | 111,808 |
State income taxes, net of effect of federal tax benefit | 4,530 |  |  | 8,803 |  |  | 10,274 |
Stock-based compensation | (63,751) |  |  | (112,203) |  |  | (90,374) |
Research credits | (25,830) |  |  | (21,306) |  |  | (27,248) |
Change in valuation allowance | 8,523 |  |  | 29,787 |  |  | — |
Foreign income taxed at a different statutory rate | 5,808 |  |  | 4,884 |  |  | 3,526 |
Withholding taxes | 1,057 |  |  | 2,933 |  |  | 5,023 |
Change in uncertain tax positions | (948) |  |  | (5,770) |  |  | (637) |
Other, net | (3,077) |  |  | 3,645 |  |  | 2,708 |
Income tax (benefit) provision | $ | (19,897) |  |  | $ | 43,273 |  |  | $ | 15,080 |
Schedule of Income Tax Contingencies | A reconciliation of the beginning and ending amount of unrecognized tax benefits, including penalties but excluding interest, is as follows:
| December 31,
| 2021 |  | 2020 |  | 2019
| (In thousands)
Balance at January 1 | $ | 45,624 |  |  | $ | 53,324 |  |  | $ | 35,679 |
Additions based on tax positions related to the current year | 8,107 |  |  | 7,818 |  |  | 11,221 |
Additions for tax positions of prior years | 1,353 |  |  | 1,772 |  |  | 7,599 |
Reductions for tax positions of prior years | (1,028) |  |  | — |  |  | (283) |
Settlements | (2,348) |  |  | (16,512) |  |  | — |
Expiration of applicable statute of limitations | (878) |  |  | (778) |  |  | (892) |
Balance at December 31 | $ | 50,830 |  |  | $ | 45,624 |  |  | $ | 53,324 |

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- Definition 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. + References Reference 1: 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=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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