XML 57 R43.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule Of Components Of Income Before Income Tax
The components of (loss) income before income taxes for the years ended twelve months ended December 31, are as follows: 
(Loss) Income Before Income Taxes:
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
Ireland
 
$
(42,604
)
 
$
(3,123
)
 
$
(22,866
)
United States
 
(70,340
)
 
92,754

 
32,786

France
 
(253
)
 
3,029

 
(19,638
)
Total (loss) income before income taxes
 
$
(113,197
)
 
$
92,660

 
$
(9,718
)
Schedule Of Income Tax Payments
The income tax provision consists of the following for the years ended December 31:  
 Income Tax (Benefit) Provision:
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
Current:
 
 

 
 

 
 

United States - Federal
 
$

 
$
18,064

 
$
30,738

United States - State
 
330

 
331

 
1,081

France
 

 
265

 
5,267

Total current
 
330

 
18,660

 
37,086

 
 
 
 
 
 
 
Deferred:
 
 

 
 

 
 

United States - Federal
 
(19,503
)
 
4,686

 
(6,443
)
United States - State
 
1,280

 
1,043

 
(23
)
France
 

 

 
938

Total deferred
 
(18,223
)
 
5,729

 
(5,528
)
 
 
 
 
 
 
 
Income tax (benefit) provision
 
$
(17,893
)
 
$
24,389

 
$
31,558

Schedule of Effective Income Tax Rate Reconciliation
The reconciliation between Domestic income taxes at the statutory rate and the Company’s (benefit) provision for income taxes is as follows for the years ended December 31: 
 Reconciliation to Effective Income Tax Rate:
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
Statutory tax rate
 
12.5
 %
 
12.5
 %
 
12.5
 %
Differences in international tax rates
 
8.0
 %
 
22.2
 %
 
(31.9
)%
Nondeductible changes in fair value of contingent consideration
 
4.0
 %
 
(11.6
)%
 
(165.0
)%
Income tax deferred charge
 
 %
 
 %
 
(9.7
)%
Change in valuation allowances
 
(5.3
)%
 
(0.7
)%
 
11.8
 %
Nondeductible stock-based compensation
 
(1.3
)%
 
(0.4
)%
 
(14.8
)%
Cross border merger
 
 %
 
0.3
 %
 
(100.6
)%
Unrealized tax benefits
 
(1.3
)%
 
1.4
 %
 
(15.2
)%
State and local taxes (net of federal)
 
(0.3
)%
 
0.3
 %
 
(9.6
)%
Change in U.S. tax law
 
(0.2
)%
 
3.8
 %
 
 %
Nondeductible interest expense
 
(1.1
)%
 
 %
 
 %
Other
 
0.7
 %
 
(1.5
)%
 
(2.3
)%
Effective income tax rate
 
15.7
 %

26.3
 %

(324.8
)%
 
 
 
 
 
 
 
Income tax (benefit) provision - at statutory tax rate
 
$
(14,149
)
 
$
11,582

 
$
(1,215
)
Differences in international tax rates
 
(9,039
)
 
20,557

 
3,097

Nondeductible changes in fair value of contingent consideration
 
(4,559
)
 
(10,779
)
 
16,036

Income tax deferred charge
 

 

 
938

Change in valuation allowances
 
5,998

 
(610
)
 
(1,143
)
Nondeductible stock-based compensation
 
1,499

 
(375
)
 
1,436

Cross-border merger
 

 
265

 
9,773

Unrecognized tax benefits
 
1,440

 
1,296

 
1,475

State and local taxes (net of federal)
 
299

 
252

 
934

Change in U.S. tax law
 
274

 
3,513

 

Nondeductible interest expense
 
1,269

 

 

Other
 
(925
)
 
(1,312
)
 
227

Income tax (benefit) provision - at effective income tax rate
 
$
(17,893
)
 
$
24,389

 
$
31,558

Summary of Unrecognized Tax Benefits
The following table summarizes the activity related to the Company’s unrecognized tax benefits for the twelve months ended December 31:
 Unrecognized Tax Benefit Activity
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
Balance at January 1:
 
$
3,954

 
$
1,686

 
$
448

Additions based on tax positions related to the current year
 
1,087

 
2,268

 
1,578

Increases (decreases) for tax positions of prior years
 
274

 

 
(340
)
Balance at December 31:
 
$
5,315

 
$
3,954

 
$
1,686

Schedule of Deferred Tax Assets and Liabilities
The net deferred tax assets/liabilities at December 31, 2018 and 2017 resulted from the following temporary differences: 
 Net Deferred Tax Assets and Liabilities:
 
2018
 
2017
 
 
 
 
 
Deferred tax assets:
 
 

 
 

Net operating loss carryforwards
 
$
19,510

 
$
9,831

Amortization
 
20,642

 
7,563

Stock based compensation
 
4,587

 
4,375

Fair value royalty agreements
 

 
635

Fair value contingent consideration
 
384

 
870

Other
 
479

 
406

Gross deferred tax assets
 
45,602

 
23,680

 
 
 
 
 
Deferred tax liabilities:
 
 

 
 

Amortization
 
(308
)
 
(2,419
)
Accounts receivable
 
(661
)
 
(936
)
Prepaid expenses
 
(405
)
 
(1,094
)
Gross deferred tax liabilities
 
(1,374
)

(4,449
)
 
 
 
 
 
Less: valuation allowances
 
(21,199
)
 
(15,354
)
 
 
 
 
 
Net deferred tax assets
 
$
23,029

 
$
3,877