Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Components Of Income Before Income Taxes

Income before income tax provision included the following components:

	Year Ended December 31,
(in thousands)	2022		2021		2020
Domestic	$	504,797	$	460,395	$	465,382
Foreign	70,518		54,959		28,543
Total	$	575,315	$	515,354	$	493,925

Components Of Provision For Income Taxes

The provision for income taxes was composed of the following:

	Year Ended December 31,
(in thousands)	2022		2021		2020
Current:
Federal	$	103,007	$	44,805	$	26,855
State	11,286		6,626		12,738
Foreign	68,028		43,786		51,377
Deferred:
Federal	(94,398)		(32,449)		(12,203)
State	(9,647)		(1,691)		(2,119)
Foreign	(26,671)		(350)		(16,610)
Total	$	51,605	$	60,727	$	60,038

Reconciliation Of U.S. Federal Statutory Tax Rate To Consolidated Effective Tax Rate

The reconciliation of the U.S. federal statutory tax rate to the consolidated effective tax rate was as follows:

	Year Ended December 31,
	2022		2021		2020
Federal statutory tax rate	21.0	%	21.0	%	21.0	%
Nondeductible expenses	2.3		2.8		0.7
State income taxes, net of federal benefit	0.9		0.6		1.6
Foreign rate differential	—		(0.1)		0.4
Stock-based compensation	(1.5)		(5.4)		(3.6)
U.S. federal tax (benefit) expense on foreign earnings	(2.4)		0.4		(1.7)
Benefit from tax planning and entity structuring activities	(2.5)		(0.8)		(1.5)
Research and development credits	(3.2)		(3.1)		(3.2)
Foreign-derived intangible income deduction	(5.7)		(4.0)		(2.8)
Other	0.1		0.4		1.3
	9.0	%	11.8	%	12.2	%

Components Of Deferred Tax Assets And Liabilities

The components of deferred tax assets and liabilities are as follows:

	December 31,
(in thousands)	2022		2021
Deferred tax assets:
Research and experimentation capitalization	$	85,677	$	—
Uncertain tax positions	41,569		35,574
Net operating loss carryforwards	39,034		47,235
Operating lease liabilities	31,726		30,634
Debt obligation basis difference	28,758		—
Stock-based compensation	27,548		25,578
Employee benefits	13,343		12,902
Research and development credits	5,390		5,393
Allowance for doubtful accounts	4,376		3,522
Other	2,638		1,926
Valuation allowance	(17,336)		(14,936)
Total deferred tax assets	262,723		147,828
Deferred tax liabilities:
Other intangible assets	(192,018)		(173,895)
Operating lease right-of-use assets	(30,308)		(29,296)
Deferred revenue	(8,979)		(19,521)
Property and equipment	(5,029)		(5,785)
Total deferred tax liabilities	(236,334)		(228,497)
Net deferred tax assets (liabilities)	$	26,389	$	(80,669)

Reconciliation Of Unrecognized Tax Benefits

The following is a reconciliation of the total amounts of unrecognized tax benefits:

	Year Ended December 31,
(in thousands)	2022		2021		2020
Unrecognized tax benefit as of January 1	$	39,641	$	24,075	$	49,085
Gross changes—acquisitions	—		—		(24,963)
Gross increases—tax positions in prior period	403		10,183		1,572
Gross decreases—tax positions in prior period	(2,780)		(2,281)		—
Gross increases—tax positions in current period	13,905		13,223		1,281
Reductions due to a lapse of the applicable statute of limitations	(3,743)		(3,226)		(3,502)
Changes due to currency fluctuation	(1,654)		(912)		994
Settlements	—		(1,421)		(392)
Unrecognized tax benefit as of December 31	$	45,772	$	39,641	$	24,075