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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Income (loss) before income taxes and equity income | The United States and foreign components of income before income taxes and equity in earnings in affiliates are as follows:
|  | 2018 |  | 2017 |  | 2016
|  | (In thousands)
Income before income taxes and equity in earnings in affiliates |  |  |  |  |  |
United States |  | $ | 131,261 |  |  | $ | 130,205 |  |  | $ | 139,937 |
Foreign |  | 18,056 |  |  | 21,732 |  |  | 9,540 |
Income before income taxes and equity in earnings in affiliates |  | $ | 149,317 |  |  | $ | 151,937 |  |  | $ | 149,477 |
Components of taxes on income (loss) | The provision for income taxes consists of the following components:
|  | 2018 |  | 2017 |  | 2016
|  | (In thousands)
Federal income taxes: |  |  |  |  |  |
Current |  | $ | 9,340 |  |  | $ | 13,928 |  |  | $ | 5,801 |
Deferred |  | (2,195 | ) |  | (3,803 | ) |  | (3,541 | )
|  | 7,145 |  |  | 10,125 |  |  | 2,260 |
State income taxes: |  |  |  |  |  |
Current |  | 3,050 |  |  | 3,337 |  |  | 2,764 |
Deferred |  | (1,889 | ) |  | (2,269 | ) |  | (1,792 | )
|  | 1,161 |  |  | 1,068 |  |  | 972 |
Foreign income taxes: |  |  |  |  |  |
Current |  | 497 |  |  | (11,545 | ) |  | 5,302 |
Deferred |  | 5,314 |  |  | 18,310 |  |  | (630 | )
|  | 5,811 |  |  | 6,765 |  |  | 4,672 |
Total U.S. and foreign provision for income taxes |  | $ | 14,117 |  |  | $ | 17,958 |  |  | $ | 7,904 |
Reconciliation of the statutory U.S. federal tax rate (35.0%) and the effective income tax rate | A reconciliation of the statutory U.S. federal tax rate of 21% and the effective income tax rate is as follows:
|  | 2018 |  | 2017 |  | 2016
|  | (In thousands)
Provisions using statutory federal income tax rate |  | $ | 31,340 |  |  | $ | 53,175 |  |  | $ | 52,317 |
State income taxes (benefit), net of federal tax benefit |  | 1,915 |  |  | (776 | ) |  | 1,161 |
REIT Benefit |  | (19,992 | ) |  | (43,554 | ) |  | (41,479 | )
Change in valuation allowance |  | (1,245 | ) |  | 2,055 |  |  | 243 |
Federal tax credits |  | (1,904 | ) |  | (2,016 | ) |  | (2,038 | )
Tax Cut and Jobs Act Impact |  | (301 | ) |  | 9,584 |  |  | — |
Other, net |  | 4,304 |  |  | (510 | ) |  | (2,300 | )
Total provision for income taxes |  | $ | 14,117 |  |  | $ | 17,958 |  |  | $ | 7,904 |
Components of deferred tax assets and liabilities | The following table presents the breakdown between non-current net deferred tax assets as of December 31, 2018 and 2017:
|  | 2018 |  | 2017
|  | (In thousands)
Deferred tax assets - non current |  | $ | 29,924 |  |  | $ | 26,277 |
Deferred tax liabilities - non current |  | (13,681 | ) |  | (8,757 | )
Total net deferred tax assets |  | $ | 16,243 |  |  | $ | 17,520 |
The significant components of the Company's deferred tax assets and liabilities consisted of the following as of December 31, 2018 and 2017:
|  | 2018 |  | 2017
Deferred tax assets: |  | (In thousands)
Net operating losses |  | $ | 35,924 |  |  | $ | 45,041 |
Accrued liabilities |  | 23,719 |  |  | 25,384 |
Deferred compensation |  | 12,031 |  |  | 11,675 |
Accrued compensation |  | 6,881 |  |  | 6,854 |
Deferred revenue |  | 8,458 |  |  | 2,780 |
Tax credits |  | 6,850 |  |  | 6,629 |
Equity awards |  | 4,419 |  |  | 4,076 |
Other, net |  | — |  |  | 959 |
Valuation allowance |  | (21,333 | ) |  | (22,577 | )
Total deferred tax assets |  | $ | 76,949 |  |  | $ | 80,821 |
Deferred tax liabilities: |  |  |  |
Intangible assets |  | $ | (26,543 | ) |  | $ | (30,084 | )
Capitalized transaction costs |  | (16,643 | ) |  | (17,955 | )
Depreciation |  | (17,400 | ) |  | (15,262 | )
Other, net |  | (120 | ) |  | — |
Total deferred tax liabilities |  | $ | (60,706 | ) |  | $ | (63,301 | )
Total net deferred tax assets |  | $ | 16,243 |  |  | $ | 17,520 |
Reconciliation of unrecognized tax benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|  | 2018 |  | 2017 |  | 2016
|  | (In thousands)
Balance at Beginning of Period |  | $ | 4,461 |  |  | $ | 1,640 |  |  | $ | 1,571 |
Additions based on tax positions related to the current year |  | — |  |  | — |  |  | 1,290 |
Additions for tax positions of prior years |  | 298 |  |  | — |  |  | 341 |
Additions from current year acquisitions |  | — |  |  | 4,121 |  |  | — |
Reductions for tax positions of prior years |  | — |  |  | (1,290 | ) |  | — |
Reductions as a result of a lapse of applicable statutes of limitations |  | (175 | ) |  | (10 | ) |  | (1,562 | )
Balance at End of Period |  | $ | 4,584 |  |  | $ | 4,461 |  |  | $ | 1,640 |

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