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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income (loss) before income tax expense (benefit) was comprised of the following for the periods indicated (in thousands):

	Year Ended December 31,
	2016				2015				2014
United States	$	(128,396	)		$	30,795			$	144,756
Foreign	(53,326		)		112,634				159,968
Income (loss) before income tax expense (benefit)	$	(181,722	)		$	143,429			$	304,724

Income taxes have been provided for based upon the tax laws and rates in the countries in which operations are conducted and income is earned. Components of income tax expense (benefit) consist of the following for the periods indicated (in thousands):

	Year Ended December 31,
	2016				2015				2014
Current
U.S. federal	$	(13,389	)		$	3,141			$	19,152
U.S. state and local	379				(1,424		)		2,663
Foreign	14,903				30,734				25,602
Total current	1,893				32,451				47,417
Deferred
U.S. federal	(25,838		)		8,138				20,521
U.S. state and local	(1,512		)		(3,042		)		3,357
Foreign	(186		)		(228		)		4,117
Total deferred	(27,536		)		4,868				27,995
Total income tax expense (benefit)	$	(25,643	)		$	37,319			$	75,412

Schedule of Income before Income Tax, Domestic and Foreign

Foreign taxes were incurred in the following regions for the periods indicated (in thousands):

	Year Ended December 31,
	2016				2015				2014
Latin America	$	1,159			$	6,077			$	2,301
West Africa	3,687				8,413				11,247
Middle East	1,880				5,474				8,630
Europe	5,132				3,317				1,690
Asia Pacific	1,364				1,454				2,032
Other	1,495				5,771				3,819
Total foreign income tax expense	$	14,717			$	30,506			$	29,719

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the differences between the income tax provision computed at the U.S. statutory rate and the reported provision for income taxes for the periods indicated is as follows (in thousands):

	Year Ended December 31,
	2016				2015				2014
Income tax expense (benefit) at statutory rate	$	(63,603	)		$	50,200			$	106,653
Branch profits tax	(3,805		)		4,654				9,904
Taxes on foreign earnings at less than the U.S. statutory rate	33,381				(12,569		)		(31,468		)
Noncontrolling interest	7,367				(2,991		)		(14,116		)
Other	1,017				(1,975		)		4,439
Total income tax expense (benefit)	$	(25,643	)		$	37,319			$	75,412

Schedule of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are as follows (in thousands):

	December 31,
	2016				2015
Deferred tax assets
Foreign net operating loss	$	5,442			$	2,798
U.S. net operating loss	42,578				—
Research and development credit	297				—
Tax receivable agreement	49,775				—
Intangibles	6,939				—
Inventory	1,161				—
Property and equipment	—				240
Other	1,240				296
Valuation allowance	(5,442		)		(2,798		)
Total deferred tax assets	101,990				536
Deferred tax liabilities
Investment in partnership	(28,309		)		(39,962		)
Property and equipment	(7,898		)		—
Goodwill	(7,147		)		—
Other	(277		)		(295		)
Total deferred liabilities	(43,631		)		(40,257		)
Net deferred tax assets (liabilities)	$	58,359			$	(39,721	)

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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=65882285&loc=d3e32639-109319

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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://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

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

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

+ 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)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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