INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

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 geographic location as disclosed in the table below:

	For the Years Ended December 31,
	2016			2015			2014
Income/ (loss) before income tax expense:
Domestic	$	(9,300	)	$	(7,687	)	$	(7,229	)
Foreign	135,766			113,757			94,182
Total	$	126,466		$	106,070		$	86,953

Components of income tax expense

The provision for income taxes consists of the following:

	For the Years Ended December 31,
	2016			2015			2014
Income tax expense (benefit) consists of:
Current
Federal	$	13,324		$	19,851		$	7,741
State	(63		)	2,563			338
Foreign	17,243			14,528			12,504
Deferred
Federal	(3,581		)	(13,361		)	(3,979		)
State	312			(1,891		)	(43		)
Foreign	(35		)	(76		)	751
Total	$	27,200		$	21,614		$	17,312

Components of deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

	December 31, 2016		December 31, 2015
Deferred tax assets:
Property and equipment	$	203	$	681
Intangible assets	1,525		1,428
Accrued expenses	9,172		10,729
Net operating loss carryforward	5,368		5,233
Deferred revenue	1,165		2,162
Stock-based compensation	19,701		12,484
Other assets	17		14
Deferred tax assets	37,151		32,731
Deferred tax liabilities:
Property and equipment	1,735		646
Intangible assets	4,969		1,598
Accrued revenue and expenses	500		511
Stock-based compensation	1,606		1,672
Other liabilities	314		912
Deferred tax liabilities	9,124		5,339
Net deferred tax assets	$	28,027	$	27,392

Reconciliation of effective income tax

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

	For the Years Ended December 31,
	2016			2015			2014
Statutory federal tax	$	44,263		$	37,125		$	29,564
Increase/ (decrease) in taxes resulting from:
State taxes, net of federal benefit	1,192			341			311
Provision adjustment for current year uncertain tax position	—			—			(1,220		)
Effect of permanent differences	5,042			7,314			8,589
Stock-based compensationexpense	9,535			7,591			3,782
Foreign tax expense and tax rate differential	(33,477		)	(31,094		)	(24,772		)
Change in foreign tax rate	—			9			754
Change in valuation allowance	—			—			149
Other	645			328			155
Provision for income taxes	$	27,200		$	21,614		$	17,312

Unrecognized tax benefits

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

	For the Years Ended December 31,
	2016		2015			2014
Balance at January 1	$	62	$	200		$	1,271
Increases in tax positions in current year	4		—			—
Increases in tax positions in prior year	—		—			—
Decreases due to settlement	—		(138		)	(1,071		)
Balance at December 31	$	66	$	62		$	200