XML 54 R38.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Taxes |
Schedule of income (loss) from continuing operations before income taxes | Income (loss) from continuing operations before income taxes consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
United States and Other Jurisdictions |  | 2023 |  | 2022 |  | 2021 |
​ | ​ | (In thousands) |
United States | ​ | $ | 215,306 | ​ | $ | (19,820) | ​ | $ | (153,243) | ​
Other jurisdictions | ​ |  | (86,182) | ​ |  | (225,862) | ​ |  | (334,846) | ​
Income (loss) from continuing operations before income taxes | ​ | $ | 129,124 | ​ | $ | (245,682) | ​ | $ | (488,089) | ​
​
Schedule of income tax expense (benefit) from continuing operations | Income tax expense (benefit) from continuing operations consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
​ |  | 2023 |  | 2022 |  | 2021 |
​ | ​ | (In thousands) |
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. federal | ​ | $ | 4,783 | ​ | $ | 1,320 | ​ | $ | (1,905) | ​
Outside the U.S. | ​ |  | 55,769 | ​ |  | 48,837 | ​ |  | 60,318 | ​
State | ​ |  | 2,787 | ​ |  | 4,042 | ​ |  | 7,914 | ​
​ | ​ | $ | 63,339 | ​ | $ | 54,199 | ​ | $ | 66,327 | ​
Deferred: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. federal | ​ | $ | 16,886 | ​ | $ | 681 | ​ | $ | (4,669) | ​
Outside the U.S. | ​ |  | (1,898) | ​ |  | (241) | ​ |  | (3,608) | ​
State | ​ |  | 893 | ​ |  | 6,897 | ​ |  | (2,429) | ​
​ | ​ | $ | 15,881 | ​ | $ | 7,337 | ​ | $ | (10,706) | ​
Income tax expense (benefit) | ​ | $ | 79,220 | ​ | $ | 61,536 | ​ | $ | 55,621 | ​
​
Reconciliation of the statutory rate to worldwide effective tax rate | A reconciliation of our statutory tax rate to our worldwide effective tax rate consists of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
​ |  | 2023 |  | 2022 |  | 2021 |
​ | ​ | (In thousands) |
Income tax provision at statutory (Bermuda rate of 0%) | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​
Taxes (benefit) on U.S. and other international earnings (losses) at greater than the Bermuda rate | ​ |  | 74,581 | ​ |  | 25,685 | ​ |  | 23,395 | ​
Increase (decrease) in valuation allowance | ​ |  | 22,533 | ​ |  | 43,060 | ​ |  | 8,276 | ​
Impact of foreign exchange rates | ​ |  | (28,484) | ​ |  | (32,108) | ​ |  | — | ​
Prior year adjustments to provision | ​ | ​ | (3,513) | ​ |  | 15,959 | ​ |  | — | ​
Uncertain tax positions | ​ | ​ | 5,854 | ​ | ​ | 2,080 | ​ | ​ | 26,266 | ​
Audit settlements | ​ | ​ | 12,464 | ​ | ​ | — | ​ | ​ | — | ​
State income taxes (benefit) | ​ | ​ | 3,838 | ​ | ​ | 266 | ​ | ​ | (2,316) | ​
Other | ​ |  | (8,053) | ​ |  | 6,594 | ​ |  | — | ​
Income tax expense (benefit) | ​ | $ | 79,220 | ​ | $ | 61,536 | ​ | $ | 55,621 | ​
Effective tax rate | ​ |  | 61.4% | ​ |  | (25.0%) | ​ |  | (11.4%) | ​
​
Schedule of components of deferred taxes | The components of our net deferred taxes consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
​ |  | 2023 |  | 2022 |
​ | ​ | (In thousands) |
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net operating loss carryforwards | ​ | $ | 4,004,602 | ​ | $ | 3,878,344 | ​
Tax credit and other attribute carryforwards | ​ |  | 86,896 | ​ |  | 84,812 | ​
Accrued interest | ​ |  | 19,311 | ​ |  | 13,302 | ​
Property, plant and equipment | ​ | ​ | — | ​ | ​ | 20,431 | ​
Other | ​ |  | 106,520 | ​ |  | 100,316 | ​
Subtotal | ​ |  | 4,217,329 | ​ |  | 4,097,205 | ​
Valuation allowance | ​ |  | (3,962,200) | ​ |  | (3,839,885) | ​
Deferred tax assets: | ​ | $ | 255,129 | ​ | $ | 257,320 | ​
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Property, plant and equipment | ​ | $ | 15,181 | ​ | $ | — | ​
Other | ​ | ​ | 2,443 | ​ | ​ | 2,858 | ​
Deferred tax liability | ​ | $ | 17,624 | ​ | $ | 2,858 | ​
Net deferred tax assets (liabilities) | ​ | $ | 237,505 | ​ | $ | 254,462 | ​
Balance Sheet Summary: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net noncurrent deferred tax asset | ​ | $ | 238,871 | ​ | $ | 257,320 | ​
Net noncurrent deferred tax liability | ​ |  | (1,366) | ​ |  | (2,858) | ​
Net deferred tax asset (liability) | ​ | $ | 237,505 | ​ | $ | 254,462 | ​
​
Schedule of changes in uncertain tax positions | The following is a reconciliation of our uncertain tax positions: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | ​ | 2022 |  | 2021 |
​ | ​ | (In thousands) |
Balance as of January 1 | ​ | $ | 45,452 | ​ | ​ | $ | 45,988 | ​ | $ | 26,704 | ​
Additions for tax positions of prior years | ​ |  | 2,207 | ​ | ​ |  | 806 | ​ |  | 19,760 | ​
Reductions for tax positions for prior years | ​ |  | (256) | ​ | ​ |  | (1,342) | ​ |  | (476) | ​
Settlements | ​ | ​ | (13,387) | ​ | ​ | ​ | — | ​ | ​ | — | ​
Balance as of December 31 | ​ | $ | 34,016 | ​ | ​ | $ | 45,452 | ​ | $ | 45,988 | ​
​

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

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration