XML 66 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

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

	Year Ended December 31,
	2018				2017				2016
United States	$	(85,342	)		$	(167,908	)		$	(128,396	)
Foreign	(8,341		)		81,369				(53,326		)
Loss before income tax expense (benefit)	$	(93,683	)		$	(86,539	)		$	(181,722	)

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,
	2018				2017				2016
Current
U.S. federal	$	—			$	—			$	(13,389	)
U.S. state and local	7				(15		)		379
Foreign	11,677				10,516				14,903
Total current	11,684				10,501				1,893
Deferred
U.S. federal	—				56,621				(25,838		)
U.S. state and local	—				2,420				(1,512		)
Foreign	(14,634		)		3,376				(186		)
Total deferred	(14,634		)		62,417				(27,536		)
Total income tax expense (benefit)	$	(2,950	)		$	72,918			$	(25,643	)

Schedule of Foreign Taxes Incurred

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

	Year Ended December 31,
	2018				2017				2016
Latin America	$	1,261			$	5,469			$	1,159
West Africa	2,692				3,243				3,687
Middle East	2,249				1,633				1,880
Europe	461				1,348				5,132
Asia Pacific	922				1,388				1,364
Other	(10,542		)		812				1,495
Total foreign income tax expense (benefit)	$	(2,957	)		$	13,893			$	14,717

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the differences between the income tax provision computed at the 21% U.S. statutory rate in effect at December 31, 2018 and the reported provision for income taxes for the periods indicated is as follows (in thousands):

	Year Ended December 31,
	2018				2017				2016
Income tax expense (benefit) at statutory rate	$	(19,673	)		$	(30,289	)		$	(63,603	)
Branch profits tax	(4,267		)		(4,871		)		(3,805		)
State taxes, net of federal benefit	(27		)		2,405				(674		)
Restricted stock units tax shortfall	1,025				1,651				2,758
Taxes on foreign earnings at less than the U.S. statutory rate	13,095				(22,464		)		30,737
Effect of tax rate change	(2,929		)		23,843				—
Effect of moving activity to higher tax rate jurisdiction	(14,620		)		—				—
Management fee charged to international operations	1,515				1,213				—
Tax effect of TRA derecognition	—				46,874				—
Establishment of valuation allowances	22,892				51,911				2,644
Return-to-provision adjustments	(521		)		3,551				(1,130		)
Noncontrolling interest	—				—				7,367
Other	560				(906		)		63
Total income tax expense (benefit)	$	(2,950	)		$	72,918			$	(25,643	)

Schedule of Deferred Tax Assets and Liabilities

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

	December 31,
	2018				2017
Deferred tax assets
Foreign net operating loss	$	13,290			$	13,023
U.S. net operating loss	76,349				52,289
Research and development credit	609				297
TRA	—				566
Intangibles	5,933				5,935
Inventory	2,350				1,488
Property and equipment	14,621				—
Investment in partnership	23,931				20,248
Other	773				419
Valuation allowance	(84,972		)		(60,524		)
Total deferred tax assets	52,884				33,741
Deferred tax liabilities
Investment in partnership	(27,352		)		(23,594		)
Property and equipment	(3,652		)		(4,293		)
Goodwill	(7,259		)		(5,854		)
Other	(221		)		(229		)
Total deferred liabilities	(38,484		)		(33,970		)
Net deferred tax assets (liabilities)	$	14,400			$	(229	)

Summary of Operating Loss Carryforwards

These tax attributes expire as follows:

Year of Expiration		U.S. NOLs				Foreign NOLs				R&D Credits
2019 - 2023		$	—			$	9,022			$	—
2024 - 2028		—				1,901				—
2028 - 2038		194,381				208				609
Does not expire		78,315				42,852				—
		$	272,696			$	53,983			$	609

Summary of Tax Credit Carryforwards

These tax attributes expire as follows:

Year of Expiration		U.S. NOLs				Foreign NOLs				R&D Credits
2019 - 2023		$	—			$	9,022			$	—
2024 - 2028		—				1,901				—
2028 - 2038		194,381				208				609
Does not expire		78,315				42,852				—
		$	272,696			$	53,983			$	609

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://fasb.org/us-gaap/role/ref/legacyRef
-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

+ Details

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

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration