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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Taxes |
Schedule of U.S. and foreign income before income taxes |
|  | 2014 |  | 2013 |  | 2012
United States |  | $ | 56,575 |  | $ | 31,823 |  | $ | 49,021
Foreign |  |  | 212,976 |  |  | 214,842 |  |  | 190,574
|  | $ | 269,551 |  | $ | 246,665 |  | $ | 239,595
Schedule of components of income tax provision (benefit) |
|  | 2014 |  | 2013 |  | 2012
Current: |  |  |  |  |  |  |  |  |
U.S. federal statutory tax |  | $ | 14,829 |  | $ | 8,167 |  | $ | 6,858
State |  |  | 2,540 |  |  | 1,822 |  |  | 938
Foreign |  |  | 22,016 |  |  | 36,254 |  |  | 24,649
|  |  | 39,385 |  |  | 46,243 |  |  | 32,445
Deferred: |  |  |  |  |  |  |  |  |
U.S. federal statutory tax |  |  | 10,707 |  |  | 2,171 |  |  | 7,642
State |  |  | 2,674 |  |  | 566 |  |  | 1,380
Foreign |  |  | (3,030) |  |  | (10,980) |  |  | 643
|  |  | 10,351 |  |  | (8,243) |  |  | 9,665
Non-current tax expense (income) |  |  | 1,408 |  |  | 1,505 |  |  | (3,866)
|  | $ | 51,144 |  | $ | 39,505 |  | $ | 38,244
Reconciliation of the U.S. federal statutory income tax rate to effective income tax rate |
|  | 2014 |  | 2013 |  | 2012 |
U.S. federal statutory tax rate |  | 35.0 | % | 35.0 | % | 35.0 | %
Foreign earnings, net of foreign taxes |  | (18.2) |  | (18.7) |  | (16.7) |
State income taxes, net of U.S. federal income tax benefit |  | 1.3 |  | 0.6 |  | 0.6 |
Other permanent differences |  | 0.9 |  | (0.9) |  | (2.9) |
Effective income tax rate |  | 19.0 | % | 16.0 | % | 16.0 | %
Schedule of net deferred tax liabilities |
|  | As of December 31,
|  | 2014 |  | 2013
Gross Deferred Tax Assets: |  |  |  |  |  |
Bad debt reserve |  | $ | 5,465 |  | $ | 6,426
Net operating loss |  |  | 4,819 |  |  | 774
Accrued and other share-based compensation |  |  | 21,654 |  |  | 21,393
Accrued expenses |  |  | 8,606 |  |  | 10,032
Unrealized derivative losses |  |  | — |  |  | 558
Customer deposits |  |  | 6,095 |  |  | 5,149
Installment sale |  |  | 6,592 |  |  | —
Unrealized foreign exchange |  |  | 7,577 |  |  | 6,082
Total gross deferred tax assets |  |  | 60,808 |  |  | 50,414
Less: Valuation allowance |  |  | — |  |  | —
Gross deferred tax assets, net of valuation allowance |  |  | 60,808 |  |  | 50,414
Deferred Tax Liabilities: |  |  |  |  |  |
Depreciation |  |  | (13,133) |  |  | (19,199)
Goodwill and intangible assets |  |  | (45,294) |  |  | (28,099)
Prepaid expenses, deductible for tax purposes |  |  | (4,519) |  |  | (3,452)
Unrealized derivatives |  |  | (8,188) |  |  | —
Other |  |  | (1,248) |  |  | (740)
Total gross deferred tax liabilities |  |  | (72,382) |  |  | (51,490)
Net deferred tax liabilities |  | $ | (11,574) |  | $ | (1,076)
Reported on the consolidated balance sheets as: |  |  |  |  |  |
Other current assets for deferred tax assets, current |  | $ | 22,825 |  | $ | 32,118
Identifiable intangible and other non-current assets for deferred tax assets, non-current |  | $ | 15,555 |  | $ | 16,342
Accrued expenses and other current liabilities for deferred tax liabilities, current |  | $ | 492 |  | $ | 3,229
Non-current income tax liabilities, net for deferred tax liabilities, non-current |  | $ | 49,462 |  | $ | 46,307
Schedule of expiration of NOL carryforward |
|  | Deferred
Expiration Date |  | Tax Asset
December 31, 2016 |  | $ | 73
December 31, 2021 |  |  | 124
December 31, 2023 |  |  | 189
December 31, 2024 |  |  | 472
Indefinite |  |  | 3,961
Total |  | $ | 4,819
Schedule of reconciliation of the total amounts of unrecognized income tax benefits |
|  | 2014 |  | 2013 |  | 2012
Unrecognized Tax Liabilities – opening balance |  | $ | 26,487 |  | $ | 22,394 |  | $ | 25,574
Gross increases – tax positions in prior period |  |  | 65 |  |  | 2,559 |  |  | —
Gross decreases – tax positions in prior period |  |  | (2,833) |  |  | (39) |  |  | (7,659)
Gross increases – tax positions in current period |  |  | 6,636 |  |  | 4,999 |  |  | 5,730
Gross decreases – tax positions in current period |  |  | — |  |  | — |  |  | —
Settlements |  |  | (3,597) |  |  | — |  |  | —
Lapse of statute of limitations |  |  | (2,414) |  |  | (3,426) |  |  | (1,251)
Unrecognized Tax Liabilities – ending balance |  | $ | 24,344 |  | $ | 26,487 |  | $ | 22,394
Schedule of open tax years by jurisdiction with major uncertain tax positions |
|  | Open Tax Year
|  | Examination |  | Examination not
Jurisdiction |  | in progress |  | yet initiated
United States |  | 2011 |  | 2012 - 2014
Singapore |  | None |  | 2011 - 2014
United Kingdom |  | None |  | 2004 - 2014
Brazil |  | 2009 |  | 2010 - 2014
Chile |  | None |  | 2009 - 2014
Denmark |  | 2011 |  | 2012 - 2014

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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 tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: 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=6907707&loc=d3e32718-109319 + Details
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