XML 45 R34.htm IDEA: XBRL DOCUMENT v3.19.2
Income Tax (Tables)
 6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The provision for income tax expense differed from the amounts computed by applying the U.S. federal income tax statutory rate of 21.0% to pre-tax income as a result of the following for the three and six months ended June 30, 2019 and 2018, respectively (dollars in thousands):
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Tax provision at U.S. statutory rate
 
$
54,616

 
$
51,931

 
$
100,095

 
$
80,895

Increase (decrease) in income taxes resulting from:
 
 
 
 
 
 
 
 
U.S. Tax Reform provisional adjustments
 
—

 
(4,314
)
 
—

 
(3,539
)
Foreign tax rate differing from U.S. tax rate
 
627

 
(330
)
 
1,292

 
1,103

Differences in tax bases in foreign jurisdictions
 
(5,997
)
 
(1,132
)
 
(21,076
)
 
(6,892
)
Deferred tax valuation allowance
 
4,662

 
3,079

 
23,207

 
10,501

Amounts related to tax audit contingencies
 
2,404

 
(2,036
)
 
2,964

 
(1,201
)
Corporate rate changes
 
94

 
145

 
(1,737
)
 
417

Subpart F
 
301

 
(348
)
 
466

 
310

Foreign tax credits
 
(415
)
 
113

 
(107
)
 
(459
)
Global intangible low-taxed income, net of credit
 
—

 
(119
)
 
—

 
4,291

Equity compensation excess benefit
 
(3,694
)
 
(3,135
)
 
(5,155
)
 
(4,250
)
Return to provision adjustments
 
3,376

 
(503
)
 
3,596

 
(139
)
Other, net
 
1,405

 
(437
)
 
891

 
(428
)
Total provision for income taxes
 
$
57,379

 
$
42,914

 
$
104,436

 
$
80,609

Effective tax rate
 
22.1
%
 
17.4
%
 
21.9
%
 
20.9
%