INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income before provision of income taxes

Income before provision for income taxes included losses from domestic operations and income from foreign operations based on geographic location as disclosed in the table below:

	For the Years Ended December 31,
	2017			2016			2015
Income/(loss) before provision for income taxes:
Domestic	$	(6,595	)	$	(9,300	)	$	(7,687	)
Foreign	180,900			135,766			113,757
Total	$	174,305		$	126,466		$	106,070

Components of provision for income taxes

The provision for income taxes consists of the following:

	For the Years Ended December 31,
	2017			2016			2015
Current
Federal	$	65,571		$	13,324		$	19,851
State	(204		)	(63		)	2,563
Foreign	23,617			17,243			14,528
Deferred
Federal	7,235			(3,581		)	(13,361		)
State	(90		)	312			(1,891		)
Foreign	5,416			(35		)	(76		)
Total	$	101,545		$	27,200		$	21,614

Effective tax rate reconciliation

The reconciliation of the provision for income taxes at the federal statutory income tax rate to our effective income tax rate is as follows:

	For the Years Ended December 31,
	2017			2016			2015
Provision for income taxes at federal statutory rate	$	61,007		$	44,263		$	37,125
Increase/ (decrease) in taxes resulting from:
Impact from U.S. Tax Act	74,632			—			—
Foreign tax expense and tax rate differential	(39,997		)	(33,477		)	(31,094		)
Effect of change in accounting for excess tax benefits relating to stock-based compensation (Note 2)	(9,307		)	—			—
Stock-based compensation expense	6,908			9,535			7,591
Subsidiary withholding tax liability	4,850			—			—
Effect of permanent differences	3,205			5,042			7,314
Change in valuation allowance	783			—			—
Change in foreign tax rates	29			—			9
State taxes, net of federal benefit	(116		)	1,192			341
Other	(449		)	645			328
Provision for income taxes	$	101,545		$	27,200		$	21,614

Components of deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

	December 31, 2017			December 31, 2016
Deferred tax assets:
Property and equipment	$	170		$	203
Intangible assets	1,456			1,525
Accrued expenses	4,392			9,172
Net operating loss carryforward	5,069			5,368
Deferred revenue	1,280			1,165
Stock-based compensation	16,197			19,701
Other assets	1,415			17
Deferred tax assets	$	29,979		$	37,151
Less: valuation allowance	(924		)	—
Total deferred tax assets	$	29,055		$	37,151
Deferred tax liabilities:
Property and equipment	$	1,868		$	1,735
Intangible assets	3,077			4,969
Accrued revenue and expenses	1,352			500
Subsidiary withholding tax liability	4,850			—
Stock-based compensation	1,498			1,606
Other liabilities	239			314
Total deferred tax liabilities	$	12,884		$	9,124
Net deferred tax assets	$	16,171		$	28,027

Gross unrecognized tax benefits

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

	For the Years Ended December 31,
	2017			2016		2015
Balance at January 1	$	66		$	62	$	200
Increases in tax positions in current year	240			4		—
Increases in tax positions in prior year	459			—		—
Decreases due to settlement	(66		)	—		(138		)
Balance at December 31	$	699		$	66	$	62