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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Income (Loss) Before Income Taxes Income before income taxes for the years ended December 31, 2022, 2021 and 2020 was derived from the following sources:
(In thousands)202220212020
Domestic$(272,365)$137,145 $86,572 
Foreign519,445 341,931 267,715 
Income before income tax expense$247,080 $479,076 $354,287 
Components of Income Tax Expense Income tax expense for the years ended December 31, 2022, 2021 and 2020 is summarized as follows:
(In thousands)202220212020
Current:
Federal$39,216 $9,187 $8,107 
State4,077 2,939 1,151 
Foreign97,611 76,257 57,310 
140,904 88,383 66,568 
Deferred (net of valuation allowance):
Federal(90,238)(11,726)(592)
State(5,749)(498)(407)
Foreign(6,757)(6,209)(6,251)
(102,744)(18,433)(7,250)
Income tax expense $38,160 $69,950 $59,318 
Reconciliation of Income Tax Expense With Expected Amounts Based Upon Statutory Federal Tax Rates Income tax expense differs from the expected amounts based upon the statutory federal tax rates for the years ended December 31, 2022, 2021 and 2020 as follows:
(In thousands)202220212020
Expected federal income tax at statutory rate$51,887 $100,606 $74,400 
State income taxes before valuation allowance, net of federal tax effect(5,907)(1,333)(1,539)
Effect of foreign source income(7,607)(15,862)(7,877)
Tax contingencies5,762 4,696 1,688 
Valuation allowance8,052 9,984 9,281 
U.S. federal research credit(13,525)(8,469)(7,204)
Equity compensation5,290 (8,899)(8,231)
Foreign derived intangible income(15,265)(6,496)(1,153)
Legal entity restructuring capital loss— (5,079)— 
Acquisition related retention, severance, and transaction costs8,924 — — 
Other items, net549 802 (47)
Income tax expense $38,160 $69,950 $59,318 
Deferred Tax Assets And Deferred Tax Liabilities The significant components of the Company’s deferred tax assets and deferred tax liabilities at December 31, 2022 and 2021 are as follows:
(In thousands)20222021
Deferred tax assets attributable to:
Accounts receivable$1,239 $397 
Inventory14,862 6,510 
Accruals not currently deductible for tax purposes25,787 19,636 
Net operating loss and credit carryforwards57,760 42,599 
Capital loss carryforward895 485 
Equity compensation15,249 2,630 
Other, net5,670 7,786 
Gross deferred tax assets121,462 80,043 
Valuation allowance(48,047)(39,383)
Total deferred tax assets73,415 40,660 
Deferred tax liabilities attributable to:
Purchased intangible assets(364,979)(33,887)
Depreciation and Amortization(2,719)(9,102)
Total deferred tax liabilities(367,698)(42,989)
Net deferred tax liabilities$(294,283)$(2,329)
Reconciliations of Total Amount of Gross Unrecognized Tax Benefits Reconciliations of the beginning and ending balances of the total amounts of gross unrecognized tax benefits for the years ended December 31, 2022 and 2021 are as follows:
(In thousands)20222021
Gross unrecognized tax benefits at beginning of year$23,789 $17,395 
Increase from acquisition24,452 — 
Increase in tax positions from prior years175 131 
Decrease in tax positions from prior years(248)(69)
Increases in tax positions for current year13,577 8,476 
Settlement of tax positions for current year(6,395)(286)
Lapse in statute of limitations(1,872)(1,858)
Gross unrecognized tax benefits at end of year$53,478 $23,789