INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Provision for Income Taxes

Income before provision for income taxes consisted of (in thousands):

	2021		2020		2019
Domestic	$	566,847	$	499,384	$	649,742
Foreign	455,444		128,947		92,515
Total	$	1,022,291	$	628,331	$	742,257

Summary of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):

	2021		2020		2019
Unrecognized tax benefits, beginning of period	$	36,216	$	33,938	$	31,515
Additions based on tax positions related to the current year	3,530		3,172		2,212
Additions for tax positions of prior years	1,919		1,568		2,148
Reductions for tax positions of prior years	(2,431)		(124)		—
Lapse in statute of limitations	(1,932)		(2,276)		(1,703)
Settlements	—		(62)		(234)
Unrecognized tax benefits, end of the period	$	37,302	$	36,216	$	33,938

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes consist of the following for the years ended December 31 (in thousands): 

	2021		2020		2019
Tax provision:
Federal	$	165,218	$	99,901	$	106,009
State	36,718		19,825		25,788
Foreign	85,654		40,103		35,899
	287,590		159,829		167,696
Deferred provision (benefit):
Federal	(90,960)		(28,238)		1,554
State	(16,176)		(5,749)		316
Foreign	(2,408)		(3,932)		(4,277)
	(109,544)		(37,919)		(2,407)
Total provision	$	178,046	$	121,910	$	165,289

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate for the years ended December 31, is as follows:  

	2021		2020		2019
Federal statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	1.7		2.5		2.8
Share-based payment awards	(0.6)		(2.8)		(0.9)
Excess foreign tax credits	(0.4)		(2.2)		(1.5)
Other U.S. tax credits and incentives	(3.3)		(1.4)		(0.9)
Foreign	(1.2)		1.3		1.7
Other	0.2		1.0		0.1
Effective income tax rate	17.4	%	19.4	%	22.3	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) are comprised of the following at December 31 (in thousands):

	2021		2020
Deferred tax assets:
Lease liabilities	$	60,846	$	82,982
Compensation	71,770		60,160
Accrued expenses	92,936		39,987
Foreign affiliate prepayment	88,399		—
Other	22,925		26,848
Deferred tax liabilities:
Right-of-use assets	(56,044)		(77,513)
Intangible assets	(79,198)		(81,210)
Accrued revenue	(47,255)		(18,978)
Prepaid assets	(14,021)		(5,732)
Long-lived assets	(10,387)		(12,722)
Foreign withholding tax	(11,917)		(10,222)
Other	(9,267)		(7,142)
Net deferred tax assets (liabilities)	$	108,787	$	(3,542)