INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income before provision of income taxes

Income before provision for income taxes shown below was based on the geographic location to which such income was attributed as follows:

	For the Years Ended December 31,
	2014			2013		2012
Income before income tax expense:
Domestic	$	(7,229	)	$	7,001	$	9,291
Foreign	94,182			69,769		56,572
Total	$	86,953		$	76,770	$	65,863

Components of income tax expense

	For the Years Ended December 31,
	2014			2013			2012
Income tax expense (benefit) consists of:
Current
Federal	$	7,741		$	6,150		$	6,881
State	338			310			319
Foreign	12,504			8,275			7,969
Deferred
Federal	(3,979		)	(668		)	(625		)
State	(43		)	14			24
Foreign	751			695			(3,189		)
Total	$	17,312		$	14,776		$	11,379

Components of deferred tax assets and liabilities

The components of the Company’s deferred tax assets and liabilities were as follows:

	December 31, 2014			December 31, 2013
Deferred tax assets:
Fixed assets	$	181		$	732
Intangible assets	3,789			4,532
Accrued expenses	1,282			3,488
Net operating loss carryforward	844			—
Deferred revenue	4,328			2,050
Stock-based compensation	6,994			407
Valuation allowance	(149		)	—
Restricted stock options	2			1,336
Other assets	30			680
Deferred tax assets	17,301			13,225
Deferred tax liabilities:
Fixed assets	800			804
Accrued revenue and expenses	635			846
Deferred inter-company gain	405			405
Equity compensation	7,013			1,593
Other liabilities	24			254
Deferred tax liability	8,877			3,902
Net deferred tax asset	$	8,424		$	9,323

Reconciliation of effective income tax

The provision for income taxes differs from the amount of income tax determined by applying the applicable US statutory federal income tax rate to pretax income as follows:

	For the Years Ended December 31,
	2014			2013			2012
Statutory federal tax	$	29,564		$	26,102		$	22,393
Increase/ (decrease) in taxes resulting from:
State taxes, net of federal benefit	311			368			280
Provision adjustment for current year uncertain tax position	(1,220		)	—			—
Effect of permanent differences	8,589			2,524			2,177
Stock-based compensation	3,782			1,948			1,165
Rate differential between U.S. and foreign	(24,772		)	(17,279		)	(14,472		)
Change in foreign tax rate	754			(59		)	148
Change in valuation allowance	149			489			(489		)
Other	155			683			177
Provision for income taxes	$	17,312		$	14,776		$	11,379

Unrecognized tax benefits

The beginning to ending reconciliation of the gross unrecognized tax benefits were as follows:

	For the Years Ended December 31,
	2014			2013		2012
Gross Balance at January 1	$	1,271		$	1,271	$	1,271
Increases in tax positions in current year	—			—		—
Increases in tax positions in prior year	—			—		—
Decreases due to settlement	(1,071		)	—		—
Balance at December 31	$	200		$	1,271	$	1,271