Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes

Summary of income before income taxes

	For the years ended
	December 31,
	2016		2015		2014
(in thousands)
U.S. operations	$	138,950	$	154,947	$	158,487
Non-U.S. operations		40,641		60,982		35,071
	$	179,591	$	215,929	$	193,558

Summary of provision for income taxes

	For the years ended
	December 31,
(in thousands)	2016		2015		2014
Current provision
Federal	$	2,690	$	7,584	$	—
State and Local		38		108		—
Foreign		5,210		6,762		4,263
Deferred provision (benefit)
Federal		13,547		3,345		—
State and Local		194		48		—
Foreign		(428)		592		(762)
Provision for income taxes	$	21,251	$	18,439	$	3,501

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

	December 31,
	2016		2015		2014
(in thousands, except percentages)
Tax provision at the U.S. federal statutory rate	35.0		35.0		—
Less: rate attributable to noncontrolling interest	(24.4)		(27.8)		—
State, local and foreign taxes, net of federal benefit	1.3	%	1.4	%	1.8	%
Provision for income taxes	11.9	%	8.6	%	1.8	%

Schedule of components of deferred tax assets and liabilities

	December 31,
(in thousands)	2016		2015
Deferred income tax assets
Tax Receivable Agreement	$	185,677	$	187,010
Share-based compensation		5,664		5,647
Fixed assets and other		2,518		1,083
Total deferred income tax assets	$	193,859	$	193,740
Deferred income tax liabilities
Fixed assets		84		202
Total deferred income tax liabilities	$	84	$	202