Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The sources of income before income taxes for the years ended December 31, 2016, 2015 and 2014 are presented as follows:



	Year Ended December 31,
(in thousands)	2016		2015		2014
Income before taxes:
United States	$	41,804	$	10,686	$	7,337
Foreign	191,089		130,408		134,166
Total income before income taxes	$	232,893	$	141,094	$	141,503

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The Company's income tax expense for the years ended December 31, 2016, 2015 and 2014 consisted of the following:



	Year Ended December 31,
(in thousands)	2016			2015			2014
Current tax expense (benefit):
U.S.	$	(2,886	)	$	1,277		$	133
Foreign	59,515			45,150			44,780
Total current	56,629			46,427			44,913
Deferred tax expense (benefit):
U.S.	9,908			2,037			628
Foreign	(7,742		)	(5,862		)	(5,526		)
Total deferred	2,166			(3,825		)	(4,898		)
Total tax expense	$	58,795		$	42,602		$	40,015

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the federal statutory income tax rate of 35% to the effective income tax rate for the years ended December 31, 2016, 2015 and 2014:



	Year Ended December 31,
(dollar amounts in thousands)	2016			2015			2014
U.S. federal income tax expense at applicable statutory rate	$	81,513		$	49,383		$	49,526
Tax effect of:
State income tax expense (benefit) at statutory rates	1,341			894			(985		)
Non-deductible expenses	3,482			4,947			4,943
Share-based compensation	(1		)	(684		)	(266		)
Other permanent differences	(4,929		)	(5,505		)	(5,563		)
Difference between U.S. federal and foreign tax rates	(18,432		)	(13,615		)	(13,677		)
Provision in excess of statutory rates	2,490			2,400			955
Change in federal and foreign valuation allowance	(8,163		)	1,724			4,357
Other	1,494			3,058			725
Total income tax expense	$	58,795		$	42,602		$	40,015
Effective tax rate	25.2		%	30.2		%	28.3		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effect of temporary differences and carryforwards that give rise to deferred tax assets and liabilities from continuing operations are as follows:



	As of December 31,
(in thousands)	2016			2015
Deferred tax assets:
Tax loss carryforwards	$	34,858		$	38,335
Share-based compensation	9,252			6,618
Accrued expenses	16,970			15,826
Property and equipment	10,947			6,723
Goodwill and intangible amortization	15,635			20,467
Intercompany notes	12,654			15,365
Accrued revenue	21,005			11,502
Other	12,517			11,369
Gross deferred tax assets	133,838			126,205
Valuation allowance	(37,255		)	(48,566		)
Net deferred tax assets	96,583			77,639
Deferred tax liabilities:
Intangibles related to purchase accounting	(27,974		)	(30,722		)
Goodwill and intangible amortization	(14,457		)	(7,615		)
Accrued expenses	(24,124		)	(13,563		)
Intercompany notes	(2,559		)	(2,587		)
Accrued interest	(37,514		)	(29,604		)
Capitalized research and development	(9,520		)	(5,014		)
Property and equipment	(2,029		)	(5,428		)
Accrued revenue	(4,668		)	(4,155		)
Other	(4,180		)	(4,413		)
Total deferred tax liabilities	(127,025		)	(103,101		)
Net deferred tax liabilities	$	(30,442	)	$	(25,462	)

Summary of Operating Loss Carryforwards [Table Text Block]

December 31, 2016, the Company had U.S. federal and foreign tax net operating loss carryforwards of $231.9 million, which will expire as follows:



(in thousands)	Gross		Tax Effected
Year ending December 31,
2017	$	1,012	$	251
2018	350		85
2019	2,421		606
2020	6,777		1,474
2021	5,179		1,173
Thereafter	188,277		59,988
Unlimited	27,868		6,471
Total	$	231,884	$	70,048

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2016 and 2015 is as follows:



	Year Ended December 31,
(in thousands)	2016			2015
Beginning balance	$	16,370		$	15,028
Additions based on tax positions related to the current year	5,847			3,620
Reductions for tax positions of prior years	(255		)	(998		)
Settlements	(642		)	(918		)
Statute of limitations expiration	(3,332		)	(362		)
Ending balance	$	17,988		$	16,370

Summary of Income Tax Examinations [Table Text Block]



Jurisdictions	Periods
U.S. (Federal)	2013 through 2016
Spain	2009 through 2016
Australia	2010 through 2016
U.K.	2009 through 2016
Germany	2009 through 2016