Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Consolidated Income (Loss) From Continuing Operations

Our consolidated income from continuing operations before income taxes was generated in the following jurisdictions (in thousands):

	Year Ended December 31,
	2018			2017			2016
U.S.	$	(53,517	)	$	(64,423	)	$	(766	)
Foreign	52,493			44,885			25,297
Consolidated	$	(1,024	)	$	(19,538	)	$	24,531

Summary of Income Tax Expense (Benefit)

The following table summarizes income tax provision (benefit) from continuing operations by jurisdiction (in thousands):

	Year Ended December 31,
	2018			2017			2016
Current income tax provision:
Foreign	$	14,343		$	7,058		$	2,821
U.S. federal	—			—			—
U.S. state	650			383			—
	14,993			7,441			2,821
Deferred income tax provision (benefit):
Foreign	9,610			5,318			4,071
U.S. federal	(664		)	(15,379		)	5,142
U.S. state	(635		)	232			(766		)
	8,311			(9,829		)	8,447
Provision (benefit) for income taxes	$	23,304		$	(2,388	)	$	11,268

Reconciliation of Income Tax Provision (Benefit)

The following table reconciles income tax provision at the U.S. federal statutory rate to the consolidated provision (benefit) for income taxes (in thousands):

	Year Ended December 31,
	2018				2017			2016
Income from continuing operations before income taxes	$	(1,024	)		$	(19,538	)	$	24,531
U.S. federal statutory rate	21		%		35		%	35		%
Provision at statutory rate	(215		)		(6,838		)	8,586
State income taxes—net of federal benefit	13				401			(498		)
Effect of rates other than statutory	3,042				(3,842		)	(1,966		)
Effect of U.S. taxation on foreign branches	11,023				15,710			8,854
Noncontrolling interest	(508		)		—			(3,908		)
Foreign tax credit and offset to branch deferreds	1,447				45,245			(6,026		)
Effect of U.S. deduction of foreign tax	(3,012		)		(7,514		)	—
Impact of valuation allowance on deferred tax assets	—				(65,327		)	6,026
Foreign withholding taxes	10,187				858			18
Stock-based compensation	1,427				1,351			—
Effect of U.S. federal statutory rate reduction	—			—	17,638			—
Other, net	(100		)		(70		)	182
Provision (benefit) for income taxes	$	23,304			$	(2,388	)	$	11,268

Significant Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are as follows at December 31, 2018 and 2017 (in thousands):

December 31,
2018	2017

Deferred tax assets:
Net operating loss and other credit carryforwards	$	139,274		$	44,867
Compensation and benefits	5,480			7,156
Inventories	44			322
Intangible assets	—			16,714
Pension plan	813			1,760
Allowance for doubtful accounts	577			956
Deferred revenue	2,493			4,953
Foreign tax credit and offset to branch deferreds	55,272			56,719
Other	19,127			28,201
less: valuation allowance	(45,614		)	(45,682		)
Net deferred tax assets	177,466			115,966
Deferred tax liabilities:
Intangible assets	(12,849		)	(5,074		)
Prepaid expenses	—			(1,447		)
Property, plant and equipment	(189,529		)	(108,646		)
Equity investment in partnerships	(3,572		)	(24,315		)
Other	(2,010		)	(2,402		)
Total deferred tax liabilities	(207,960		)	(141,884		)
Net deferred tax liabilities	$	(30,494	)	$	(25,918	)