Income Taxes

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

We recorded provision for income taxes of the following in the periods presented:

	For the three months ended				For the six months ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Provision for income taxes	$	30,841	$	23,398	$	52,308	$	37,524

The increase in the provision for income taxes relates to changes in the jurisdictional mix of profits, effects of changes in tax laws in the locations where we operate, changes in tax accruals related to prior year tax positions, and the utilization of previously unbenefitted net operating losses in our U.S. jurisdiction. The provision for income taxes consists of:

• current tax expense, which relates primarily to our profitable operations in non-U.S. tax jurisdictions and withholding taxes related to interest, royalties, and the repatriation of foreign earnings; and

•

deferred tax expense (or benefit), which represents adjustments in book-to-tax basis differences primarily related to (1) the step-up in fair value of fixed and intangible assets acquired in connection with business combination transactions, (2) the utilization of net operating losses, (3) changes in tax rates, and (4) changes in our assessment of the realizability of our deferred tax assets.