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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Taxes [Abstract]  
Schedule Of Earnings Before Income Taxes



 

 

 

 

 

 

 

 

 



For the Years Ended December 31,

 



 

2016 

 

 

2015 

 

 

2014 

 



 

 

 

 

 

 

 

 

 

Domestic

$

227,875 

 

$

187,200 

 

$

148,510 

 

International

 

93,971 

 

 

85,941 

 

 

98,045 

 



$

321,846 

 

$

273,141 

 

$

246,555 

 



Schedule Of Components Of Provision (Benefit) For Income Taxes



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



For the Years Ended December 31,

 



 

2016 

 

 

2015 

 

 

2014 

 

Current

 

 

 

 

 

 

 

 

 

Federal

$

53,285 

 

$

52,966 

 

$

39,713 

 

State

 

6,608 

 

 

5,353 

 

 

4,692 

 

International

 

19,291 

 

 

17,681 

 

 

20,213 

 



 

79,184 

 

 

76,000 

 

 

64,618 

 

Deferred

 

 

 

 

 

 

 

 

 

Federal

 

20,305 

 

 

5,762 

 

 

2,301 

 

State

 

1,196 

 

 

526 

 

 

33 

 

International

 

(893)

 

 

(1,282)

 

 

(2,348)

 



 

20,608 

 

 

5,006 

 

 

(14)

 



$

99,792 

 

$

81,006 

 

$

64,604 

 



Schedule Of Effective Income Tax Rate Reconciliation



 

 

 

 

 

 

 

 

 



For the Years Ended December 31,

 



 

2016 

 

 

2015 

 

 

2014 

 



 

 

 

 

 

 

 

 

 

U.S. federal statutory rate

 

35.0 

%

 

35.0 

%

 

35.0 

%

State income tax, net of federal tax benefit

 

1.8 

 

 

1.6 

 

 

1.5 

 

International income taxes

 

(4.8)

 

 

(5.3)

 

 

(7.0)

 

Domestic manufacturing exclusions

 

(1.0)

 

 

(1.5)

 

 

(1.2)

 

Research and development credit

 

(0.8)

 

 

(1.2)

 

 

(1.3)

 

Other, net

 

0.8 

 

 

1.1 

 

 

(0.8)

 

Effective tax rate

 

31.0 

%

 

29.7 

%

 

26.2 

%



Schedule Of Components Of Net Deferred Tax Assets And Liabilities



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2016

 

December 31, 2015

 



 

 

Long-Term

 

 

Current

 

 

Long-Term

 



 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses

 

 

$

22,145 

 

$

23,298 

 

$

5,329 

 

Accounts receivable reserves

 

 

 

2,715 

 

 

2,973 

 

 

 -

 

Deferred revenue

 

 

 

13,400 

 

 

7,392 

 

 

3,656 

 

Inventory basis differences

 

 

 

3,959 

 

 

3,292 

 

 

293 

 

Property-based differences

 

 

 

1,382 

 

 

 -

 

 

1,524 

 

Share-based compensation

 

 

 

13,021 

 

 

2,565 

 

 

10,580 

 

Other

 

 

 

678 

 

 

234 

 

 

361 

 

Net operating loss carryforwards

 

 

 

4,182 

 

 

65 

 

 

4,059 

 

Unrealized losses on foreign currency exchange contracts, interest rate swaps and investments

 

 

 

148 

 

 

 -

 

 

53 

 

Total assets

 

 

 

61,630 

 

 

39,819 

 

 

25,855 

 

Valuation allowance

 

 

 

(4,891)

 

 

(507)

 

 

(3,939)

 

Total assets, net of valuation allowance

 

 

 

56,739 

 

 

39,312 

 

 

21,916 

 



 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses

 

 

 

(143)

 

 

 -

 

 

 -

 

Accounts receivable reserves

 

 

 

(85)

 

 

 -

 

 

 -

 

Deferred revenue

 

 

 

(36)

 

 

 

 

 

 -

 

Deferred instrument costs

 

 

 

(24,142)

 

 

 -

 

 

(16,090)

 

Property-based differences

 

 

 

(43,159)

 

 

 -

 

 

(35,079)

 

Intangible asset basis differences

 

 

 

(17,672)

 

 

 -

 

 

(17,109)

 

Other

 

 

 

(507)

 

 

(550)

 

 

(1,460)

 

Unrealized gains on foreign currency exchange contracts, interest rate swaps and investments

 

 

 

(4,575)

 

 

(882)

 

 

 -

 

Total liabilities

 

 

 

(90,319)

 

 

(1,432)

 

 

(69,738)

 

Net deferred tax assets (liabilities)

 

 

$

(33,580)

 

$

37,880 

 

$

(47,822)

 



Schedule Of Changes In Unrecognized Tax Benefits



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



For the Years Ended December 31,

 



 

2016 

 

 

2015 

 

 

2014 

 



 

 

 

 

 

 

 

 

 

Total amounts of unrecognized tax benefits, beginning of period

$

7,204 

 

$

5,942 

 

$

6,325 

 

Gross increases in unrecognized tax benefits as a result of tax positions taken during a prior period

 

75 

 

 

47 

 

 

432 

 

Gross increases in unrecognized tax benefits as a result of tax positions taken in the current period

 

12,657 

 

 

1,569 

 

 

1,789 

 

Decreases in unrecognized tax benefits relating to settlements with taxing authorities

 

(1,326)

 

 

 -

 

 

(2,242)

 

Decreases in unrecognized tax benefits as a result of a lapse of the applicable statutes of limitations

 

(147)

 

 

(354)

 

 

(362)

 

Total amounts of unrecognized tax benefits, end of period

$

18,463 

 

$

7,204 

 

$

5,942