Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Sources of income from continuing operations before income taxes

The sources of income from continuing operations before income taxes and earnings of unconsolidated equity method investment for the years ended December 31, 2019, 2018 and 2017 were as follows:

	Year Ended December 31,
	2019		2018		2017
U.S. operations	$	9,085	$	8,104	$	2,801
Non-U.S. operations	166,055		253,543		143,504
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment	$	175,140	$	261,647	$	146,305

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the income tax provision from continuing operations for the years ended December 31, 2019, 2018 and 2017 consisted of the following:

	Year Ended December 31,
	2019		2018			2017
Current:
United States:
Federal	$	782	$	2,446		$	6,503
State	437		(136		)	1,913
Non-U.S.	1,225		3,828			6,574
Current income tax provision	2,444		6,138			14,990
Deferred:
United States:
Federal	7,205		2,901			(5,474		)
State	2,018		759			(1,161		)
Non-U.S.	11,000		(4,156		)	(2,313		)
Deferred income tax provision (benefit)	20,223		(496		)	(8,948		)
Total	$	22,667	$	5,642		$	6,042

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax assets and liabilities at December 31, 2019, 2018 and 2017 consisted of the following:

	Year Ended December 31,
	2019			2018			2017
Deferred tax assets:
Non-cash share-based payments	$	614		$	2,182		$	1,899
Net operating loss carry forwards	69,806			48,660			22,804
Other	72,732			1,795			1,272
Total deferred tax assets	143,152			52,637			25,975
Deferred tax liabilities:
Accelerated depreciation	(136,268		)	(95,107		)	(62,379		)
Other	(70,551		)	(338		)	354
Total deferred tax liabilities	(206,819		)	(95,445		)	(62,025		)
Net deferred tax liabilities	$	(63,667	)	$	(42,808	)	$	(36,050	)

Analysis of effective income tax rate for continuing operations

Differences between statutory income tax rates and our effective income tax rates applied to pre-tax income from continuing operations at December 31, 2019, 2018 and 2017 consisted of the following:

	Year Ended December 31,
	2019			2018			2017
Notional U.S. federal income tax expense at the statutory rate:	$	36,779		$	54,946		$	51,207
U.S. state and local income tax, net	1,549			525			168
Non-U.S. operations:
Bermuda	(16,950		)	(41,064		)	(21,517		)
Ireland	(99		)	(2,567		)	(2,348		)
Singapore	(28		)	(3,232		)	(15,839		)
Other low tax jurisdictions	(2,504		)	(3,246		)	(5,581		)
Non-deductible expenses in the U.S.	3,581			157			(236		)
Other	339			123			188
Provision for income taxes	$	22,667		$	5,642		$	6,042