INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Income before Income Tax, Domestic and Foreign

The components of (loss) income before income taxes for the years ended December 31, 2019, 2018, and 2017 were as follows (amounts in millions):



	Year Ended December 31,
	2019			2018			2017
Domestic	$	(118.3	)	$	(243.6	)	$	(87.1	)
Foreign	15.6			(5.3		)	32.9
Total	$	(102.7	)	$	(248.9	)	$	(54.2	)

Schedule of Components of Income Tax Expense (Benefit)

The components of the (benefit from) provision for income taxes for the years ended December 31, 2019, 2018, and 2017 were as follows (amounts in millions):



	Year Ended December 31,
	2019			2018			2017
Current:
Federal	$	0.7		$	—		$	(0.5	)
State	0.2			0.2			—
Foreign	19.4			1.4			7.3
Total current	20.3			1.6			6.8

Federal	0.7			(2.9		)	8.0
State	—			(0.6		)	0.4
Foreign	(17.8		)	(3.6		)	2.1
Total deferred	(17.1		)	(7.1		)	10.5
Income tax expense (benefit)	$	3.2		$	(5.5	)	$	17.3

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the U.S. federal statutory income taxes to the amounts reported in the financial statements for the years ended December 31, 2019, 2018, and 2017 (amounts in millions):



	Year Ended December 31,
	2019					2018					2017
	Amount			Effective Rate		Amount			Effective Rate		Amount			Effective Rate
U.S. federal statutory income tax	$	(21.6	)	21.0	%	$	(52.3	)	21.0	%	$	(19.0	)	35.0	%
Permanent items	0.3			(0.3	)%	0.2			(0.1	)%	1.2			(2.2	)%
State taxes, net of federal benefit	(3.1		)	3.0	%	(10.1		)	4.1	%	(3.0		)	5.5	%
Foreign tax rate differential	2.7			(2.6	)%	(0.5		)	0.2	%	(9.3		)	17.2	%
Compensation related items	2.0			(1.9	)%	(3.3		)	1.3	%	(5.1		)	9.4	%
Change in valuation allowance	17.3			(16.8	)%	59.0			(23.7	)%	29.0			(53.5	)%
Unrecognized tax positions	—			—	%	6.2			(2.5	)%	2.8			(5.2	)%
Prior year true-ups	5.6			(5.4	)%	6.8			(2.7	)%	3.4			(6.3	)%
Tax Cuts and Jobs Act	—			—	%	(11.5		)	4.6	%	17.3			(31.9	)%
Total income tax provision (benefit)	$	3.2		(3.0	)%	$	(5.5	)	2.2	%	$	17.3		(32.0	)%

Schedule of Deferred Tax Assets and Liabilities

The components of the Company's deferred tax assets and liabilities as of December 31, 2019 and 2018 are as follows (amounts in millions):



	December 31,
	2019			2018
Deferred tax assets:
Tax loss and credit carryforwards	$	276.0		$	275.3
Business interest expense carryforward	62.9			30.9
Reserves and allowances	1.4			3.9
Share-based compensation	5.8			5.1
Other	—			—
Total deferred tax assets before valuation allowance	346.1			315.2
Less: Valuation allowance	(211.4		)	(162.9		)
Total deferred tax assets	134.7			152.3

Deferred tax liabilities:
Intangible assets and goodwill	(54.7		)	(66.4		)
Property and equipment	(216.5		)	(219.7		)
Other	—			(3.6		)
Total deferred tax liabilities	(271.2		)	(289.7		)
Net deferred tax liabilities ⁽¹⁾	$	(136.5	)	$	(137.4	)
(1) The 2019 and 2018 net deferred tax liability is reflected on the consolidated balance sheets as a deferred tax liability of $171.3 million and $176.2 million, respectively, partially offset by a deferred tax asset of $34.8 million and $38.8 million, respectively, included as a component of Other long-term assets on the consolidated balance sheets.

Schedule of Unrecognized Tax Benefits Roll Forward

Changes in unrecognized tax benefits are set forth below (amounts in millions):



	2019		2018			2017
Balance, January 1	$	6.2	$	1.5		$	—
Changes for tax positions of prior years	—		—			2.8
Increases for tax positions related to the current year	—		6.2			—
Settlements and lapsing of statutes of limitations	—		(1.5		)	(1.3		)
Balance, December 31	$	6.2	$	6.2		$	1.5