XML 91 R22.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Income Taxes | 14. Income Taxes The table below summarizes significant components of deferred tax assets and liabilities.
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |
Deferred tax assets |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 17,220 |  |  | $ | 17,953 |
Accrued vacation and bonus |  |  | 38,596 |  |  |  | 37,481 |
Deferred rent |  |  | 12,034 |  |  |  | 13,415 |
Share-based compensation |  |  | 24,783 |  |  |  | 30,037 |
Notes receivable from employees |  |  | 21,010 |  |  |  | 20,353 |
State net operating loss carryforward and credits |  |  | 4,169 |  |  |  | 3,883 |
Foreign net operating loss carryforward |  |  | 12,437 |  |  |  | 6,614 |
Future foreign tax credit asset |  |  | 2,545 |  |  |  | 3,753 |
Deferred compensation |  |  | 3,084 |  |  |  | 2,279 |
Other, net |  |  | 5,284 |  |  |  | 3,754 |
Total deferred tax assets |  |  | 141,162 |  |  |  | 139,522 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Revenue recognition |  |  | (11,590 | ) |  |  | (12,452 | )
Property, equipment and capitalized software |  |  | (6,527 | ) |  |  | (5,739 | )
Goodwill and other intangible asset amortization |  |  | (273,990 | ) |  |  | (247,951 | )
Total deferred tax liabilities |  |  | (292,107 | ) |  |  | (266,142 | )
Valuation allowance |  |  | (18,900 | ) |  |  | (13,167 | )
Net deferred tax liabilities |  | $ | (169,845 | ) |  | $ | (139,787 | )
As of December 31, 2016, we have not provided for deferred taxes on $81.7 million of the undistributed non-U.S. subsidiary earnings that are considered permanently invested. If these earnings were distributed in the form of dividends or otherwise, the distributors would be subject to U.S. federal income tax of approximately $28.6 million. As of December 31, 2016 and 2015, the Company believed certain deferred tax assets principally associated with foreign net operating loss, foreign tax credit carryforwards and other related foreign balance sheet accounts, which can be carried forward for periods ranging from 20 years to indefinite, would expire unused based on updated forward-looking financial information. Therefore, valuation allowances of $18.9 million and $13.2 million were recorded against the Company’s net deferred tax assets as of December 31, 2016 and 2015, respectively. As of December 31, 2016, we have not recorded a $15.4 million deferred tax liability related to the tax basis difference in the investment in our foreign subsidiaries as the investment is considered permanent in duration. The table below summarizes the components of income before income tax provision from continuing operations.
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Domestic |  | $ | 66,202 |  |  | $ | 59,408 |  |  | $ | 60,315 |
Foreign |  |  | 61,601 |  |  |  | 45,978 |  |  |  | 41,096 |
Total |  | $ | 127,803 |  |  | $ | 105,386 |  |  | $ | 101,411 |
The table below summarizes the components of income tax provision from continuing operations.
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (3,326 | ) |  | $ | 23,957 |  |  | $ | 288 |
State |  |  | 1,686 |  |  |  | 1,943 |  |  |  | 4,681 |
Foreign |  |  | 13,864 |  |  |  | 10,029 |  |  |  | 14,042 |
|  |  | 12,224 |  |  |  | 35,929 |  |  |  | 19,011 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 23,182 |  |  |  | 1,546 |  |  |  | 21,657 |
State |  |  | 8,284 |  |  |  | 1,265 |  |  |  | 2,309 |
Foreign |  |  | (1,407 | ) |  |  | 593 |  |  |  | (373 | )
|  |  | 30,059 |  |  |  | 3,404 |  |  |  | 23,593 |
Income tax provision |  | $ | 42,283 |  |  | $ | 39,333 |  |  | $ | 42,604 |
Our income tax provision from continuing operations resulted in effective tax rates that varied from the statutory federal income tax rate as summarized below.
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Income tax expense at federal statutory rate |  | $ | 44,731 |  |  | $ | 36,885 |  |  | $ | 35,494 |
State income taxes, net of federal benefit |  |  | 6,075 |  |  |  | 1,587 |  |  |  | 3,494 |
Benefit from lower foreign tax rates |  |  | (7,827 | ) |  |  | (5,973 | ) |  |  | (4,154 | )
Valuation allowance on foreign tax credits and net operating loss carryforward |  |  | 254 |  |  |  | 2,326 |  |  |  | 4,604 |
Other expenses not deductible for tax purposes |  |  | 3,082 |  |  |  | 2,719 |  |  |  | 2,962 |
Adjustment to reserve for uncertain tax positions |  |  | (3,547 | ) |  |  | 658 |  |  |  | 220 |
Other adjustments, net |  |  | (485 | ) |  |  | 1,131 |  |  |  | (16 | )
Income tax provision |  | $ | 42,283 |  |  | $ | 39,333 |  |  | $ | 42,604 |
We file numerous consolidated and separate income tax returns in the U.S. federal jurisdiction and in many city, state and foreign jurisdictions. We are no longer subject to U.S. federal income tax examinations for years prior to 2012. We are also no longer subject to state and local or foreign tax examinations by tax authorities for years prior to 2010. Our liability for uncertain tax positions was $2.7 million and $8.1 million as of December 31, 2016 and 2015, respectively. The $5.4 million decrease in our liability for uncertain tax positions was primarily due to closure of certain income tax audits. As of December 31, 2016, our accrual for the payment of tax-related interest and penalties was not material.

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 The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 4: 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=65882285&loc=d3e32639-109319 Reference 5: 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=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration