XML 95 R58.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Taxes      
Income tax expense (benefit) $ (10,784) $ 155,272 $ 298,898
Income (loss) before income taxes $ (294,564) $ 85,436 $ 578,268
Effective tax rate (as a percent) 4.00% 182.00% 52.00%
Components of the provision for income taxes attributable to income (loss) before income taxes      
Current $ 12,777 $ 44,486 $ 82,489
Deferred (23,561) 110,786 216,409
Reconciliation of income tax expense and the reported effective tax rate      
Foreign income (loss) taxed at different rates (57,898) 94,184 266,993
Change in valuation allowance and the expiration of fully valued deferred tax assets 29,263 40,600 16,401
Non-deductible and other items 12,347 1,885 8,957
Tax shortfall related to equity-based compensation 5,504 18,603 6,547
Impact of losses incurred in jurisdictions in which company is not subject to taxes on effective tax rate 121,400 153,500 159,900
Bermuda      
Income Taxes      
Income (loss) before income taxes (63,749) (62,372) (31,787)
United States      
Income Taxes      
Income (loss) before income taxes $ 5,083 $ 10,652 $ 15,684
Effective tax rate (as a percent) 179.00% 220.00% 81.00%
Components of the provision for income taxes attributable to income (loss) before income taxes      
Current $ 12,675 $ 15,199 $ 27,167
Deferred (3,594) 8,241 (14,403)
Foreign-other      
Income Taxes      
Income (loss) before income taxes $ (235,898) 137,156 594,371
Effective tax rate (as a percent) 0.00%    
Statutory tax rate (as a percent) 0.00%    
Components of the provision for income taxes attributable to income (loss) before income taxes      
Current $ 102 29,287 55,322
Deferred $ (19,967) $ 102,545 $ 230,812
Ghana      
Income Taxes      
Effective tax rate (as a percent) 23.00% 35.00% 36.00%
Parent company      
Income Taxes      
Income (loss) before income taxes $ (283,780) $ (69,836) $ 279,370