XML 44 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Before Income Tax
The components of income (loss) before income taxes are as follows: 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Income (Loss) Before Income Taxes:
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Ireland
 
$
(10,962
)
 
$
2,684

 
$
(15,889
)
 
$
9,348

United States
 
7,019

 
34,651

 
(2,816
)
 
66,661

France
 
163

 
(1,038
)
 
362

 
(5,263
)
Total income (loss) before income taxes
 
$
(3,780
)
 
$
36,297

 
$
(18,343
)
 
$
70,746
Schedule of Effective Income Tax Rate Reconciliation
The items accounting for the difference between the income tax provision computed at the statutory rate and the Company’s effective tax rate are as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Income Tax Rate Reconciliation:
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Statutory tax rate  
 
12.5
 %

12.5
 %
 
12.5
 %
 
12.5
 %
International tax rates differential
 
(1.5
)%

20.4
 %
 
6.8
 %
 
18.7
 %
Change in valuation allowance
 
(39.4
)%

0.6
 %
 
(11.9
)%
 
1.3
 %
Change in fair value of nondeductible contingent consideration
 
67.6
 %

(13.1
)%
 
10.9
 %
 
(10.2
)%
Nondeductible stock-based compensation
 
(4.7
)%

—
 %
 
(1.8
)%
 
—
 %
Unrecognized tax benefits
 
(7.6
)%

—
 %
 
(2.8
)%
 
—
 %
State and local income taxes, net of federal
 
1.0
 %

—
 %
 
0.3
 %
 
—
 %
Change in U.S. tax law
 
—
 %
 
—
 %
 
—
 %
 
—
 %
Other
 
(18.9
)%

(0.1
)%
 
0.6
 %
 
0.2
 %
Effective income tax rate
 
9.0
 %

20.3
 %
 
14.6
 %
 
22.5
 %
 
 
 
 
 
 
 
 
 
Income tax (benefit) provision - at statutory tax rate
 
$
(473
)
 
$
4,537

 
$
(2,293
)
 
$
8,843

International tax rates differential
 
57

 
7,399

 
(1,241
)
 
13,259

Change in valuation allowance
 
1,491

 
230

 
2,181

 
914

Change in fair value of nondeductible contingent consideration
 
(2,556
)
 
(4,757
)
 
(2,005
)
 
(7,232
)
Nondeductible stock-based compensation
 
176

 
—

 
336

 
—

Unrecognized tax benefits
 
288

 
—

 
508

 
—

State and local income taxes, net of federal
 
(38
)
 
—

 
(57
)
 
—

Change in U.S. tax law
 
—

 
—

 
—

 
—

Other
 
713

 
(39
)
 
(98
)
 
125

Income tax (benefit) provision - at effective income tax rate
 
$
(342
)
 
$
7,370

 
$
(2,669
)
 
$
15,909