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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Income before provision of income taxes | Income before provision for income taxes shown below was based on the geographic location to which such income was attributed as follows:
|  | For the Years Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Income before income tax expense: |  |  |  |  |  |
Domestic |  | $ | (7,229 | ) |  | $ | 7,001 |  |  | $ | 9,291 |
Foreign |  | 94,182 |  |  | 69,769 |  |  | 56,572 |
Total |  | $ | 86,953 |  |  | $ | 76,770 |  |  | $ | 65,863 |
Components of income tax expense |
|  | For the Years Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Income tax expense (benefit) consists of: |  |  |  |  |  |
Current |  |  |  |  |  |
Federal |  | $ | 7,741 |  |  | $ | 6,150 |  |  | $ | 6,881 |
State |  | 338 |  |  | 310 |  |  | 319 |
Foreign |  | 12,504 |  |  | 8,275 |  |  | 7,969 |
Deferred |  |  |  |  |  |
Federal |  | (3,979 | ) |  | (668 | ) |  | (625 | )
State |  | (43 | ) |  | 14 |  |  | 24 |
Foreign |  | 751 |  |  | 695 |  |  | (3,189 | )
Total |  | $ | 17,312 |  |  | $ | 14,776 |  |  | $ | 11,379 |
Components of deferred tax assets and liabilities | The components of the Company’s deferred tax assets and liabilities were as follows:
|  | December 31, 2014 |  | December 31, 2013
Deferred tax assets: |  |  |  |
Fixed assets |  | $ | 181 |  |  | $ | 732 |
Intangible assets |  | 3,789 |  |  | 4,532 |
Accrued expenses |  | 1,282 |  |  | 3,488 |
Net operating loss carryforward |  | 844 |  |  | — |
Deferred revenue |  | 4,328 |  |  | 2,050 |
Stock-based compensation |  | 6,994 |  |  | 407 |
Valuation allowance |  | (149 | ) |  | — |
Restricted stock options |  | 2 |  |  | 1,336 |
Other assets |  | 30 |  |  | 680 |
Deferred tax assets |  | 17,301 |  |  | 13,225 |
Deferred tax liabilities: |  |  |  |
Fixed assets |  | 800 |  |  | 804 |
Accrued revenue and expenses |  | 635 |  |  | 846 |
Deferred inter-company gain |  | 405 |  |  | 405 |
Equity compensation |  | 7,013 |  |  | 1,593 |
Other liabilities |  | 24 |  |  | 254 |
Deferred tax liability |  | 8,877 |  |  | 3,902 |
Net deferred tax asset |  | $ | 8,424 |  |  | $ | 9,323 |
Reconciliation of effective income tax | The provision for income taxes differs from the amount of income tax determined by applying the applicable US statutory federal income tax rate to pretax income as follows:
|  | For the Years Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Statutory federal tax |  | $ | 29,564 |  |  | $ | 26,102 |  |  | $ | 22,393 |
Increase/ (decrease) in taxes resulting from: |  |  |  |  |  |
State taxes, net of federal benefit |  | 311 |  |  | 368 |  |  | 280 |
Provision adjustment for current year uncertain tax position |  | (1,220 | ) |  | — |  |  | — |
Effect of permanent differences |  | 8,589 |  |  | 2,524 |  |  | 2,177 |
Stock-based compensation |  | 3,782 |  |  | 1,948 |  |  | 1,165 |
Rate differential between U.S. and foreign |  | (24,772 | ) |  | (17,279 | ) |  | (14,472 | )
Change in foreign tax rate |  | 754 |  |  | (59 | ) |  | 148 |
Change in valuation allowance |  | 149 |  |  | 489 |  |  | (489 | )
Other |  | 155 |  |  | 683 |  |  | 177 |
Provision for income taxes |  | $ | 17,312 |  |  | $ | 14,776 |  |  | $ | 11,379 |
Unrecognized tax benefits | The beginning to ending reconciliation of the gross unrecognized tax benefits were as follows:
|  | For the Years Ended December 31,
|  | 2014 |  | 2013 |  | 2012
Gross Balance at January 1 |  | $ | 1,271 |  |  | $ | 1,271 |  |  | $ | 1,271 |
Increases in tax positions in current year |  | — |  |  | — |  |  | — |
Increases in tax positions in prior year |  | — |  |  | — |  |  | — |
Decreases due to settlement |  | (1,071 | ) |  | — |  |  | — |
Balance at December 31 |  | $ | 200 |  |  | $ | 1,271 |  |  | $ | 1,271 |

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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