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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Taxes  
Schedule of income (loss) from continuing operations before income taxes

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Year Ended December 31,

 

United States and Other Jurisdictions

    

2022

    

2021

    

2020

 

​

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(In thousands)

 

United States

​

$

(19,820)

​

$

(153,243)

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$

(182,706)

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Other jurisdictions

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(225,862)

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(334,846)

​

 

(522,861)

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Income (loss) from continuing operations before income taxes

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$

(245,682)

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$

(488,089)

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$

(705,567)

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Schedule of income tax expense (benefit) from continuing operations

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Year Ended December 31,

 

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2022

    

2021

    

2020

 

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(In thousands)

 

Current:

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U.S. federal

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$

1,320

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$

(1,905)

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$

(39,268)

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Outside the U.S.

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48,837

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60,318

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33,858

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State

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4,042

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7,914

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(2,020)

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$

54,199

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$

66,327

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$

(7,430)

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Deferred:

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U.S. federal

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$

681

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$

(4,669)

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$

67,909

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Outside the U.S.

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(241)

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(3,608)

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(4,992)

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State

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6,897

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(2,429)

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1,799

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$

7,337

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$

(10,706)

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$

64,716

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Income tax expense (benefit)

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$

61,536

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$

55,621

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$

57,286

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Reconciliation of the statutory rate to worldwide effective tax rate

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Year Ended December 31,

 

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2022

    

2021

    

2020

 

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(In thousands)

 

Income tax provision at statutory (Bermuda rate of 0%)

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$

—

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$

—

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$

—

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Taxes (benefit) on U.S. and other international earnings (losses) at greater than the Bermuda rate

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25,685

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23,395

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62,751

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Increase (decrease) in valuation allowance

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43,060

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8,276

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(9,759)

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Impact of foreign exchange rates

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(32,108)

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—

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—

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Prior year adjustments to provision

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15,959

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—

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—

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Tax reserves and interest

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2,080

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26,266

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​

861

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State income taxes (benefit)

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266

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(2,316)

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3,433

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Other

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6,594

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—

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—

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Income tax expense (benefit)

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$

61,536

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$

55,621

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$

57,286

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Effective tax rate

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(25.0%)

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(11.4%)

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(8.1%)

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Schedule of components of deferred taxes

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December 31,

 

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2022

    

2021

 

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(In thousands)

 

Deferred tax assets:

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Net operating loss carryforwards

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$

3,878,344

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$

3,676,333

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Tax credit and other attribute carryforwards

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84,812

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84,624

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Accrued interest

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13,302

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—

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Depreciation and amortization for tax in excess of book expense

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20,431

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118,151

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Other

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100,316

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135,729

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Subtotal

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4,097,205

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4,014,837

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Valuation allowance

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(3,839,885)

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(3,754,207)

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Deferred tax assets:

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$

257,320

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$

260,630

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Deferred tax liabilities:

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Other

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$

2,858

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$

4,772

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Deferred tax liability

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$

2,858

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$

4,772

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Net deferred tax assets (liabilities)

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$

254,462

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$

255,858

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Balance Sheet Summary:

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Net noncurrent deferred tax asset

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$

257,320

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$

258,631

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Net noncurrent deferred tax liability

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(2,858)

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(2,773)

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Net deferred tax asset (liability)

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$

254,462

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$

255,858

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Schedule of changes in uncertain tax positions

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2022

    

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2021

    

2020

 

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(In thousands)

 

Balance as of January 1

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$

45,988

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$

26,704

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$

25,770

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Additions for tax positions of prior years

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806

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19,760

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1,887

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Reductions for tax positions for prior years

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(1,342)

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(476)

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(953)

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Balance as of December 31

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$

45,452

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$

45,988

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$

26,704

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