Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Summary of Consolidated Income Loss Before Taxes for Domestic and Foreign

Consolidated income (loss) before taxes for domestic and foreign operations consisted of the following (in thousands):

	Years Ended December 31,
	2014		2013			2012
Domestic	$	122,974	$	(9,935	)	$	(87,122	)
Foreign	835,888		996,458			820,120
Total	$	958,862	$	986,523		$	732,998

Summary of Provision (Benefit) for Income Taxes

The income tax (benefit) provision attributable to income before income taxes is as follows (in thousands):

	Years Ended December 31,
	2014			2013			2012
Current
Federal	$	2,260		$	135		$	5,912
Foreign	2,043			2,057			2,042
	$	4,303		$	2,192		$	7,954
Deferred
Federal	$	(13,286	)	$	(19,826	)	$	(3,655	)
State	4,094			—			—
Foreign	1,107			—			—
	(8,085		)	(19,826		)	(3,655		)
Total	$	(3,782	)	$	(17,634	)	$	4,299

Summary of Income Taxes (Federal Statutory Corporate Tax Rate)

The income tax (benefit) provision differs from that computed at the federal statutory corporate tax rate as follows:

	Years Ended December 31,
	2014		2013		2012
Federal statutory rate	35.0	%	35.0	%	35.0	%
Foreign tax rate differential	(19.1	)%	(23.1	)%	(25.6	)%
Non-taxable foreign income	(13.1	)%	(13.4	)%	(15.4	)%
Foreign tax credits, net of valuation allowance	(95.2	)%	(89.3	)%	1.7	%
Repatriation of foreign earnings	88.0	%	87.2	%	0.0	%
Other, net	2.9	%	1.9	%	3.6	%
Valuation allowance, other	1.1	%	(0.1	)%	1.3	%
Effective tax rate	(0.4	)%	(1.8	)%	0.6	%

Summary of Net Deferred Tax Assets and Liabilities

The tax effects of significant temporary differences representing net deferred tax assets and liabilities consisted of the following (in thousands):

	As of December 31,
	2014			2013
Deferred tax assets—U.S.:
Current:
Receivables, inventories, accrued liabilities and other	$	48,093		$	36,556
Less: valuation allowance	(45,992		)	(34,347		)
	2,101			2,209
Long-term:
Foreign tax credit carryforwards	3,283,669			2,614,665
Intangibles and related other	27,201			26,324
Stock based compensation	16,972			10,736
Pre-opening costs	10,876			12,884
Other	10,540			11,341
	3,349,258			2,675,950
Less: valuation allowance	(3,202,971		)	(2,514,258		)
	146,287			161,692
Deferred tax liabilities—U.S.:
Current:
Prepaid insurance, maintenance and taxes	(6,948		)	(6,243		)
Long-term:
Property and equipment	(170,405		)	(176,036		)
Deferred tax assets—Foreign:
Current:
Accrued liabilities	173			164
Less: valuation allowance	(173		)	(164		)
	—			—
Long-term:
Net operating loss carryforwards	16,797			13,701
Property and equipment	22,740			17,441
Pre-opening costs	7,396			3,040
Other	1,930			4,074
Less: valuation allowance	(47,653		)	(38,256		)
	1,210			—
Deferred tax liabilities—Foreign:
Long-term:
Property and equipment	(2,317		)	—
Net deferred tax liability	$	(30,072	)	$	(18,378	)

Reconciliation of Unrecognized Tax Benefits

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

	As of December 31,
	2014			2013			2012
Balance—beginning of year	$	89,544		$	84,289		$	85,498
Increases based on tax positions of the current year	3,297			8,360			8,140
Increases based on tax positions of prior years	322			—			—
Decreases for tax positions of prior years	(867		)	—			—
Settlements with taxing authorities	(997		)	—			—
Lapses in statutes of limitations	(2,415		)	(3,105		)	(9,349		)
Balance—end of year	$	88,884		$	89,544		$	84,289