XML 97 R66.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes - Components of Income (Loss) and Provision for Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Taxes      
Loss before income taxes $ (177,855) $ (294,564) $ 85,436
Components of the provision for income taxes attributable to income (loss) before income taxes      
Current 35,432 12,777 44,486
Deferred 9,505 (23,561) 110,786
Income tax expense (benefit) 44,937 (10,784) 155,272
Reconciliation of income tax expense and the reported effective tax rate      
Tax at Bermuda statutory rate 0 0 0
Foreign income (loss) taxed at different rates (1,978) (57,898) 94,184
Change in valuation allowance and the expiration of fully valued deferred tax assets 6,008 29,263 40,600
Non-deductible and other items 21,100 12,347 1,885
Tax shortfall on equity-based compensation 3,086 5,504 18,603
Change in U.S. tax rate $ 16,721 $ 0 $ 0
Effective tax rate 25.00% 4.00% 182.00%
Impact of losses incurred in jurisdictions in which company is not subject to taxes on effective tax rate $ 164,400 $ 121,400 $ 153,500
Tax related interest expense 4,700    
Bermuda      
Income Taxes      
Loss before income taxes (66,914) (63,749) (62,372)
Components of the provision for income taxes attributable to income (loss) before income taxes      
Current 0 0 0
Deferred 0 0 0
United States      
Income Taxes      
Loss before income taxes 6,068 5,083 10,652
Components of the provision for income taxes attributable to income (loss) before income taxes      
Current 10,976 12,675 15,199
Deferred 15,310 (3,594) 8,241
Foreign—other      
Income Taxes      
Loss before income taxes (117,009) (235,898) 137,156
Components of the provision for income taxes attributable to income (loss) before income taxes      
Current 24,456 102 29,287
Deferred (5,805) $ (19,967) $ 102,545
Morocco      
Reconciliation of income tax expense and the reported effective tax rate      
Tax expense from tax loss carryforward $ 5,000