INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income before provision of income taxes

Income before provision for income taxes included income from domestic operations and income from foreign operations based on the geographic location as disclosed in the table below:

	For the Years Ended December 31,
	2015			2014			2013
Income before income tax expense:
Domestic	$	(7,687	)	$	(7,229	)	$	7,001
Foreign	113,757			94,182			69,769
Total	$	106,070		$	86,953		$	76,770

Components of income tax expense

	For the Years Ended December 31,
	2015			2014			2013
Income tax expense (benefit) consists of:
Current
Federal	$	19,851		$	7,741		$	6,150
State	2,563			338			310
Foreign	14,528			12,504			8,275
Deferred
Federal	(13,361		)	(3,979		)	(668		)
State	(1,891		)	(43		)	14
Foreign	(76		)	751			695
Total	$	21,614		$	17,312		$	14,776

Components of deferred tax assets and liabilities

	December 31, 2015		December 31, 2014
Deferred tax assets:
Fixed assets	$	681	$	181
Intangible assets	1,428		3,789
Accrued expenses	10,729		1,282
Net operating loss carryforward	5,233		844
Deferred revenue	2,162		4,328
Stock-based compensation	12,484		6,994
Valuation allowance	—		(149		)
Restricted stock options	—		2
Other assets	14		30
Deferred tax assets	32,731		17,301
Deferred tax liabilities:
Fixed assets	646		800
Intangible assets	1,598		—
Accrued revenue and expenses	511		635
Deferred inter-company gain	—		405
Stock-based compensation	1,672		7,013
Other liabilities	912		24
Deferred tax liability	5,339		8,877
Net deferred tax asset	$	27,392	$	8,424

Reconciliation of effective income tax

The reconciliation of federal statutory income tax rate to our effective income tax rate is as follows:

	For the Years Ended December 31,
	2015			2014			2013
Statutory federal tax	$	37,125		$	29,564		$	26,102
Increase/ (decrease) in taxes resulting from:
State taxes, net of federal benefit	341			311			368
Provision adjustment for current year uncertain tax position	—			(1,220		)	—
Effect of permanent differences	7,314			8,589			2,524
Stock-based compensation	7,591			3,782			1,948
Rate differential between U.S. and foreign	(31,094		)	(24,772		)	(17,279		)
Change in foreign tax rate	9			754			(59		)
Change in valuation allowance	—			149			489
Other	328			155			683
Provision for income taxes	$	21,614		$	17,312		$	14,776

Unrecognized tax benefits

The beginning to ending reconciliation of the gross unrecognized tax benefits were as follows:

	For the Years Ended December 31,
	2015			2014			2013
Balance at January 1	$	200		$	1,271		$	1,271
Increases in tax positions in current year	—			—			—
Increases in tax positions in prior year	—			—			—
Decreases due to settlement	(138		)	(1,071		)	—
Balance at December 31	$	62		$	200		$	1,271