XML 46 R33.htm IDEA: XBRL DOCUMENT v3.19.2
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Summary of Provision for Income Taxes and U.S. Federal Tax Rate
The provision for income taxes differs from amounts computed by applying the U.S. federal tax rate of 21% for 2019 and 2018 to income before income taxes for the three months ended June 30, 2019 and 2018 due to the following (in thousands):
 
 
2019
 
2018
Computed “expected” tax expense
 
$
54,025

 
21.0
 %
 
$
48,547

 
21.0
 %
Changes resulting from:
 
 
 
 
 
 
 
 
Foreign income tax differential
 
(3,185
)
 
(1.2
)%
 
1,907

 
0.8
 %
Excess tax benefit related to stock-based compensation
 
(8,097
)
 
(3.2
)%
 
(5,946
)
 
(2.6
)%
State taxes net of federal benefits
 
2,982

 
1.2
 %
 
3,396

 
1.5
 %
Foreign-sourced nontaxable income
 
145

 
0.1
 %
 
(6,291
)
 
(2.7
)%
Foreign withholding
 
5,098

 
1.9
 %
 
5,426

 
2.4
 %
GILTI, net of foreign tax credits
 
3,284

 
1.3
 %
 
4,921

 
2.1
 %
Change in valuation allowance and remeasurement of related deferred tax asset
 
(64,880
)
 
(25.2
)%
 
—

 
—
 %
Other
 
6,237

 
2.4
 %
 
2,363

 
1.0
 %
Provision for income taxes
 
$
(4,391
)
 
(1.7
)%
 
$
54,323

 
23.5
 %