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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Components Of Income Before Income Taxes

Income before income taxes consisted of the following:

			Year ended December 31,
(In thousands)			2020						2019						2018
United States			$	(163,014)					$	178,235					$	194,770
Foreign			(138,067)						38,281						43,849
Total			$	(301,081)					$	216,516					$	238,619

Components Of Income Tax Expense (Benefit)

Income taxes from continuing operations consisted of the following for the years ended December 31:

(In thousands)			United States						State and Local						Foreign						Total
2020
Current			$	(7,546)					$	2,509					$	13,782					$	8,745
Deferred			$	(22,568)					$	(4,943)					$	(1,831)					$	(29,342)
Income taxes																					$	(20,597)
2019
Current			$	20,748					$	4,486					$	16,322					$	41,556
Deferred			$	19,946					$	3,831					$	(4,110)					$	19,667
Income taxes																					$	61,223
2018
Current			$	16,027					$	3,566					$	17,916					$	37,509
Deferred			$	29,520					$	8,016					$	(6,202)					$	31,334
Income taxes																					$	68,843

Reconciliation Of Provision Of Income Taxes

The reconciliation between the income tax computed by applying the U.S. federal statutory rate and the reported effective tax rate on income from continuing operations is as follows:

			Year ended December 31,
(In thousands except for tax rates)			2020						2019						2018
Federal statutory rate			21.0		%				21.0		%				21.0		%
State income taxes (net of federal income tax benefit)			1.6						1.4						2.2
Foreign income tax rate differential			3.3						0.8						1.1
Revaluation of deferred tax assets for foreign and state tax rate changes, net			(1.9)						(1.0)						(1.3)
Loss on sale of subsidiary			(2.3)						—						—
Legal settlement			(5.1)						—						—
Purchase accounting adjustments			4.3						—						—
Research and development credit			—						(0.5)						(0.2)
Tax reserves			(0.1)						0.8						2.0
Withholding taxes			(0.1)						0.7						0.2
2017 Tax Act			—						—						(0.2)
Change in valuation allowance			(13.5)						3.1						4.5
Nondeductible expenses			(1.6)						2.3						1.4
Incremental tax benefit from share-based compensation awards			0.2						(2.0)						(1.7)
GILTI			—						0.5						0.8
Other			1.0						1.2						(0.9)
Effective tax rate			6.8		%				28.3		%				28.9		%

Deferred Tax Assets And Liabilities

The tax effects of temporary differences in the recognition of income and expense for tax and financial reporting purposes that give rise to significant portions of the deferred tax assets and liabilities are presented below:

			December 31,
(In thousands)			2020						2019
Deferred tax assets related to:
Reserve for credit losses			$	14,484					$	11,831
Tax credit carryforwards			1,371						2,570
Stock-based compensation, net			21,376						16,070
Net operating loss carry forwards			45,612						49,464
Capital loss carry forwards			28,211						—
Accruals			29,477						18,934
Operating lease liabilities			24,142						18,892
Other			9,013						4,283
Total			$	173,686					$	122,044
Deferred tax liabilities related to:
Deferred financing costs			$	(13,590)					$	(1,090)
Property, equipment and capitalized software			(34,232)						(35,273)
Intangibles			(247,361)						(243,229)
Operating lease assets			(20,425)						(15,602)
Other liabilities			(107)						(86)
Total			$	(315,715)					$	(295,280)
Valuation allowance			(60,569)						(32,671)
Deferred income taxes, net			$	(202,598)					$	(205,907)

Net Deferred Tax Assets By Jurisdiction

Net deferred tax (liabilities) assets by jurisdiction are as follows:

			December 31,
(In thousands)			2020						2019
United States			$	(201,739)					$	(217,927)
Australia			4,009						(795)
Europe			14,839						5,645
New Zealand			123						237
Singapore			(19,863)						—
Mexico			6						—
Brazil			—						6,820
Canada			27						113
Deferred income taxes, net			$	(202,598)					$	(205,907)

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits excluding interest and penalties is as follows:

			Year ended December 31,
(In thousands)			2020						2019						2018
Beginning balance			$	10,320					$	8,996					$	5,898
Increases related to prior year tax positions			—						1,727						4,831
Increases related to current year tax positions			—						—						—
Decreases related to prior year tax positions			(826)						(39)						—
Settlements			(5,361)						(364)						(1,733)
Ending balance			$	4,133					$	10,320					$	8,996

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