Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes

Summary of income before income taxes

	For the years ended
	December 31,
	2015		2014		2013
(in thousands)
U.S. operations	$	154,947	$	158,487	$	136,744
Non-U.S. operations		60,982		35,071		50,856
	$	215,929	$	193,558	$	187,600

Summary of provision for income taxes

	For the years ended
	December 31,
(in thousands)	2015		2014		2013
Current provision
Federal	$	7,584	$	—	$	—
State and Local		108		—		—
Foreign		6,762		4,263		3,660
Deferred provision (benefit)
Federal		3,345		—		—
State and Local		48		—		—
Foreign		592		(762)		1,737
Provision for income taxes	$	18,439	$	3,501	$	5,397

Schedule of reconciliation of the tax provision at U.S. Federal Statutory Rate to the provision for income taxes

	December 31,
	2015		2014		2013
(in thousands, except percentages)
Tax provision at the U.S. federal statutory rate	35.0		—		—
Less: rate attributable to noncontrolling interest	(27.8)		—		—
State, local and foreign taxes, net of federal benefit	1.4	%	1.8	%	2.9	%
Provision for income taxes	8.6	%	1.8	%	2.9	%

Schedule of components of deferred tax assets and liabilities

	December 31,
(in thousands)	2015		2014
Deferred income tax assets
Tax Receivable Agreement	$	187,010	$	—
Share-based compensation		5,647		947
Fixed assets		1,083		30
Total deferred income tax assets	$	193,740	$	977
Deferred income tax liabilities
Fixed assets		202		—
Total deferred income tax liabilities	$	202	$	—