INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income/(Loss) Before Provision of Income Taxes

Income/(loss) before provision for income taxes based on geographic location is disclosed in the table below:

	For the Years Ended December 31,
	2019		2018		2017
Income/(loss) before provision for income taxes:
United States	$	65,370	$	44,527	$	(6,595	)
Foreign	234,156		205,246		180,900
Total	$	299,526	$	249,773	$	174,305

Provision for Income Taxes

The provision for income taxes consists of the following:

	For the Years Ended December 31,
	2019			2018			2017
Current
Federal	$	16,943		$	10,814		$	65,571
State	3,610			4,123			(204		)
Foreign	25,680			42,580			23,617
Deferred
Federal	(9,425		)	(37,785		)	7,235
State	(358		)	(3,548		)	(90		)
Foreign	2,019			(6,667		)	5,416
Total	$	38,469		$	9,517		$	101,545

Effective Tax Rate Reconciliation

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

	For the Years Ended December 31,
	2019			2018			2017
Provision for income taxes at federal statutory rate	$	62,898		$	52,452		$	61,007
Increase/(decrease) in taxes resulting from:
Impact from U.S. Tax Act	—			(4,009		)	74,632
Entity classification election deferred tax asset impact	—			(25,962		)	—
GILTI and BEAT U.S. taxes	(926		)	1,526			—
Excess tax benefits relating to stock-based compensation	(28,385		)	(17,370		)	(9,307		)
Subsidiary withholding tax liability and related foreign tax credit	—			(4,850		)	4,850
Foreign tax expense and tax rate differential	(1,402		)	(88		)	(39,997		)
Effect of permanent differences	3,264			2,724			3,205
State taxes, net of federal benefit	2,971			3,452			(116		)
Change in valuation allowance	218			151			783
Stock-based compensation expense	571			652			6,908
Other	(740		)	839			(420		)
Provision for income taxes	$	38,469		$	9,517		$	101,545

Significant Components of Deferred Tax Assets and Liabilities

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

	As of    December 31,   2019			As of    December 31,   2018
Deferred tax assets:
Property and equipment	$	5,329		$	4,531
Intangible assets	574			1,262
Accrued expenses	41,457			32,067
Net operating loss carryforward	5,168			4,983
Deferred revenue	3,510			5,802
Stock-based compensation	29,596			27,558
Operating lease liabilities	7,438			—
Foreign tax credit	3,491			—
Foreign currency exchange	2,499			5,772
Other assets	1,533			782
Deferred tax assets	$	100,595		$	82,757
Less: valuation allowance	(3,877		)	(3,189		)
Total deferred tax assets	$	96,718		$	79,568
Deferred tax liabilities:
Property and equipment	$	4,981		$	1,480
Intangible assets	11,364			5,582
Operating lease right-of-use assets	6,900			—
Accrued revenue and expenses	2,176			1,540
U.S. taxation of foreign subsidiaries	—			3,000
Other liabilities	812			933
Total deferred tax liabilities	$	26,233		$	12,535
Net deferred tax assets	$	70,485		$	67,033