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INCOME TAXES AND RELATED PAYMENTS (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
Income tax expense from operations consisted of the following:  
 
Year Ended December 31,
 
2015
 
2014
 
2013
Current:
 
 
 
 
 
U.S. federal income tax
$
1,478

 
$
4,128

 
$
5,516

State and local income tax
1,650

 
(372
)
 
5,148

Foreign income tax
2,621

 
2,245

 
3,195

 
$
5,749

 
$
6,001

 
$
13,859

Deferred:
 
 
 

 
 

U.S. federal income tax
$
11,306

 
$
12,544

 
$
11,253

State and local income tax
786

 
1,836

 
1,120

Foreign income tax
(292
)
 
(1,845
)
 

 
$
11,800

 
$
12,535

 
$
12,373

Total:
 
 
 

 
 

U.S. federal income tax
$
12,784

 
$
16,672

 
$
16,769

State and local income tax
2,436

 
1,464

 
6,268

Foreign income tax
2,329

 
400

 
3,195

Income tax expense
$
17,549

 
$
18,536

 
$
26,232

Schedule of Income before Income Tax, Domestic and Foreign
The Company’s income (loss) before income taxes consisted of the following:  
 
Year Ended December 31,
 
2015
 
2014
 
2013
Domestic income (loss) before income taxes
$
(1,518,108
)
 
$
2,195,174

 
$
6,233,758

Foreign income (loss) before income taxes
2,695

 
(1,086
)
 
3,206

Total income (loss) before income taxes
$
(1,515,413
)
 
$
2,194,088

 
$
6,236,964

Schedule of Effective Income Tax Rate Reconciliation
The Company’s effective tax rate differed from the federal statutory rate for the following reasons:  
 
Year Ended December 31,
 
2015
 
2014
 
2013
Income tax expense at federal statutory rate
35.00
 %
 
35.00
 %
 
35.00
 %
Income passed through
(35.91
)
 
(34.15
)
 
(34.69
)
State and local taxes, net of federal benefit
(0.17
)
 
0.05

 
0.09

Foreign taxes
(0.09
)
 
0.04

 
0.03

Other, net
0.01

 
(0.10
)
 
(0.01
)
Total effective rate
(1.16
)%
 
0.84
 %
 
0.42
 %
Schedule of Deferred Tax Assets and Liabilities
The components of the Company’s deferred tax assets and liabilities were as follows:
 
As of December 31,
 
2015
 
2014
 
2013
Deferred tax assets:
 

 
 

 
 

Investment in partnerships
$
414,142

 
$
351,962

 
$
277,039

Equity-based compensation expense
3,773

 
5,514

 
3,695

Other, net
9,675

 
3,071

 
1,822

Total deferred tax assets
427,590

 
360,547

 
282,556

Total deferred tax liabilities
1,792

 
3,183

 
3,671

Net deferred tax assets before valuation allowance
425,798

 
357,364

 
278,885

Valuation allowance

 

 

Net deferred tax assets
$
425,798

 
$
357,364

 
$
278,885

Schedule of Unrecognized Tax Benefits Roll Forward
The following is a reconciliation of unrecognized tax benefits (excluding interest and penalties thereon):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Unrecognized tax benefits, January 1
$
5,575

 
$
10,390

 
$
9,472

Additions for tax positions related to the current year
1,156

 
1,492

 
1,633

Additions for tax positions related to prior years
109

 

 
1,029

Reductions for tax positions related to prior years

 
(1,373
)
 
(806
)
Settlements

 
(3,657
)
 

Lapse in statute of limitations
(1,884
)
 
(1,277
)
 
(938
)
Unrecognized tax benefits, December 31
$
4,956

 
$
5,575

 
$
10,390