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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes and Non-controlling Interest | U.S. and foreign earnings (loss) from continuing operations before income taxes are as follows:
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
| (In thousands)
U.S. | $ | 651,406 |  |  | $ | 184,835 |  |  | $ | 547,969 |
Foreign | (273,915) |  |  | 71,313 |  |  | 82,983 |
Total | $ | 377,491 |  |  | $ | 256,148 |  |  | $ | 630,952 |
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision (benefit) for income taxes are as follows:
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Current income tax provision (benefit): |  |  |  |  |
Federal | $ | 5,703 |  |  | $ | 15 |  |  | $ | (2,044) |
State | 4,069 |  |  | 3,192 |  |  | 1,640 |
Foreign | 35,542 |  |  | 34,865 |  |  | 28,293 |
Current income tax provision | 45,314 |  |  | 38,072 |  |  | 27,889 |
Deferred income tax (benefit) provision: |  |  |  |  |
Federal | 76,185 |  |  | (32,723) |  |  | 31,025 |
State | 6,076 |  |  | (18,627) |  |  | (10,451) |
Foreign | (112,214) |  |  | (6,619) |  |  | (5,190) |
Deferred income tax (benefit) provision | (29,953) |  |  | (57,969) |  |  | 15,384 |
Income tax provision (benefit) | $ | 15,361 |  |  | $ | (19,897) |  |  | $ | 43,273 |
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,
| 2022 |  | 2021
| (In thousands)
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 60,143 |  |  | $ | 85,613 |
Tax credit carryforwards | 137,481 |  |  | 128,731 |
Disallowed interest carryforwards | 64,463 |  |  | 52,104 |
Capitalized research expenses | 49,113 |  |  | — |
Stock-based compensation | 20,653 |  |  | 15,491 |
Accrued expenses | 17,871 |  |  | 116,415 |
Exchangeable notes | 44,585 |  |  | 52,177 |
Other | 25,340 |  |  | 33,211 |
Total deferred tax assets | 419,649 |  |  | 483,742 |
Less valuation allowance | (71,132) |  |  | (86,071) |
Net deferred tax assets | 348,517 |  |  | 397,671 |
Deferred tax liabilities: |  |  |
Intangible assets | (76,169) |  |  | (165,551) |
Right-of-use assets | (16,125) |  |  | (21,784) |
Property and equipment | (11,239) |  |  | (4,923) |
Other | (668) |  |  | (737) |
Total deferred tax liabilities | (104,201) |  |  | (192,995) |
Net deferred tax assets | $ | 244,316 |  |  | $ | 204,676 |
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,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Income tax provision at the federal statutory rate of 21% | $ | 79,273 |  |  | $ | 53,791 |  |  | $ | 132,500 |
State income taxes, net of effect of federal tax benefit | 16,953 |  |  | 4,530 |  |  | 8,803 |
Stock-based compensation | (30,440) |  |  | (63,751) |  |  | (112,203) |
Research credits | (12,611) |  |  | (25,830) |  |  | (21,306) |
Foreign-derived intangible income deduction | (12,646) |  |  | — |  |  | — |
Change in valuation allowance | (22,621) |  |  | 8,523 |  |  | 29,787 |
Foreign income taxed at a different statutory rate | (4,104) |  |  | 5,808 |  |  | 4,884 |
Withholding taxes | 8,922 |  |  | 1,057 |  |  | 2,933 |
Change in uncertain tax positions | (10,694) |  |  | (948) |  |  | (5,770) |
Other, net | 3,329 |  |  | (3,077) |  |  | 3,645 |
Income tax provision (benefit) | $ | 15,361 |  |  | $ | (19,897) |  |  | $ | 43,273 |
The 2022 income tax provision benefited primarily from (a) the release of a valuation allowance on certain foreign deferred tax assets as we expect to be able to use those deferred tax assets in the foreseeable future, (b) favorable outcomes of tax audits, and (c) a lower tax rate on U.S. income derived from foreign sources. The benefits were partially offset by higher state income taxes due to higher taxable income in the U.S. The 2021 and 2020 income tax provisions benefited primarily from (a) excess tax benefits generated by the exercise and vesting of stock-based awards and (b) research credits. In 2020, this benefit was partially offset by an increase in valuation allowances on foreign tax credits.
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,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Balance at January 1 | $ | 50,830 |  |  | $ | 45,624 |  |  | $ | 53,324 |
Additions based on tax positions related to the current year | 5,781 |  |  | 8,107 |  |  | 7,818 |
Additions for tax positions of prior years | 1,938 |  |  | 1,353 |  |  | 1,772 |
Reductions for tax positions of prior years | (12,287) |  |  | (1,028) |  |  | — |
Settlements | (2,139) |  |  | (2,348) |  |  | (16,512) |
Expiration of applicable statute of limitations | (783) |  |  | (878) |  |  | (778) |
Balance at December 31 | $ | 43,340 |  |  | $ | 50,830 |  |  | $ | 45,624 |

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