XML 58 R45.htm IDEA: XBRL DOCUMENT v3.24.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Summary of Components of Deferred Tax Assets and Liabilities

The table below summarizes significant components of deferred tax assets and liabilities:

			December 31,
			2023						2022
Deferred tax assets
Allowance for expected credit losses			$	7,597					$	2,923
Accrued vacation and bonus			47,115						37,776
Share-based compensation			13,857						14,599
Notes receivable from employees			10,770						11,927
State net operating loss carryforward			172						537
Foreign net operating and capital loss carryforward			13,487						11,852
Foreign tax credit carryforward			14,384						4,199
Deferred compensation			3,550						3,049
Operating lease assets			64,649						64,465
Employee benefits obligations			568						519
Other, net			2,691						763
Total deferred tax assets			178,840						152,609
Deferred tax liabilities
Revenue recognition			(2,427)						(6,406)
Operating lease liabilities			(52,673)						(51,995)
Property and equipment, net			(13,216)						(12,956)
Goodwill and intangible assets			(207,131)						(204,634)
Total deferred tax liabilities			(275,447)						(275,991)
Foreign withholding tax			(2,178)						(1,921)
Valuation allowance			(6,773)						(6,459)
Net deferred tax liabilities			$	(105,558)					$	(131,762)

Summary of Components of Income Before Income Tax Provision from Continuing Operations

The table below summarizes the components of income before income tax provision from continuing operations:

			Year Ended December 31,
			2023						2022						2021
Domestic			$	247,381					$	165,553					$	136,008
Foreign			110,982						132,196						161,939
Total			$	358,363					$	297,749					$	297,947

Summary of Components of Income Tax Provision from Continuing Operations

The table below summarizes the components of income tax provision from continuing operations:

			Year Ended December 31,
			2023						2022						2021
Current
Federal			$	28,463					$	24,227					$	11,050
State			18,878						12,935						8,328
Foreign			38,029						34,917						37,656
			85,370						72,079						57,034
Deferred
Federal			6,363						(2,717)						10,766
State			(3,514)						(1,173)						3,458
Foreign			(4,748)						(5,954)						(8,277)
			(1,899)						(9,844)						5,947
Income tax provision			$	83,471					$	62,235					$	62,981

Summary of Income Tax Provision from Continuing Operations Resulted in Effective Tax Rates

Our income tax provision from continuing operations resulted in effective tax rates that varied from the federal statutory income tax rate as summarized below:

			Year Ended December 31,
			2023						2022						2021
Income tax expense at federal statutory rate			$	75,256					$	62,526					$	62,569
State income taxes, net of federal benefit			12,562						10,486						8,643
Detriment from foreign tax rates			9,418						5,811						4,375
Other expenses not deductible for tax purposes			5,793						3,365						2,819
Adjustment to reserve for uncertain tax positions			(797)						(609)						2,665
Share-based compensation			(5,422)						(9,372)						(6,167)
Release of valuation allowance on foreign tax credits			—						(3,536)						—
Income tax benefit related to the License Agreement, net			—						(2,034)						—
Release of valuation allowance on Australian deferred tax asset			—						—						(5,063)
U.S. foreign tax credits			(9,464)						(4,049)						(4,859)
Valuation allowance on U.S. foreign tax credit carryforwards			—						—						3,536
Deferred tax benefit of United Kingdom tax rate change			—						—						(3,167)
Other adjustments, net			(3,875)						(353)						(2,370)
Income tax provision			$	83,471					$	62,235					$	62,981

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

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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration